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Bill > S187


MA S187

MA S187
Relative to promoting local economic development


summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation to promote local economic development. Economic Development and Emerging Technologies.

AI Summary

This bill establishes a local economic development assistance program within the Executive Office of Housing and Economic Development. The purpose of the program is to provide technical and financial assistance, in the form of grants, to cities and towns to support their economic development initiatives. Cities and towns can apply for the program by completing an economic self-assessment and submitting an application. The grants can be used to fund development initiatives identified as opportunities for growth in the economic self-assessment. The program is subject to annual appropriation of up to $10 million or other funds provided by the Massachusetts Development Finance Authority. The Executive Office is required to adopt rules, regulations, and guidelines for the administration and enforcement of the program, and to submit an annual report on the expenditures and results of the program.

Committee Categories

Business and Industry

Sponsors (8)

Last Action

Accompanied a study order, see S2486 (on 04/26/2018)

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