Bill > S296

This bill modifies Massachusetts economic development regulations to create new incentives for businesses to establish or maintain their global or national headquarters within the state. Specifically, the Economic Assistance Coordinating Council (EACC) will be required to establish an incentive program that encourages businesses to hire and retain full-time employees in Massachusetts, without mandating investments in physical improvements. The bill also directs the EACC to give special consideration to job growth and investment in rural and seasonal communities. Additionally, the legislation introduces a preference for businesses that already have their headquarters located in Massachusetts when evaluating economic development projects, potentially giving them an advantage in receiving state economic development support. The changes are designed to promote job creation and economic stability within the state by providing targeted incentives for businesses to maintain a strong presence in Massachusetts.

Business and Industry

https://malegislature.gov/Bills/194/S296