Bill > H4714

This bill provides for a program of economic development and job creation in the Commonwealth of Massachusetts. The key provisions of the bill include: - Establishing a grant program to be administered by the Seaport Economic Council to fund community planning and investment activities in the maritime economy sector, as well as construction, improvement, repair, and maintenance of coastal assets. - Providing grants to growing Massachusetts-based companies commercializing technologies developed with assistance from federal Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) programs. - Funding the MassWorks infrastructure program, which provides public infrastructure grants to support economic development and job creation. - Creating a competitive grant program to establish, upgrade, and expand career technical education and training programs aligned with regional economic and workforce development priorities. - Allowing the Economic Assistance Coordinating Council to provide tax credits to businesses that occupy vacant storefronts in downtown areas. - Designating certain large-scale economic development projects as "extraordinary economic development opportunities" eligible for enhanced tax credits and other benefits. - Establishing the Massachusetts Cybersecurity Innovation Fund to support the growth of the cybersecurity industry cluster and address cybersecurity threats. - Providing tax credits to employers that hire and train apprentices in certain high-demand occupations.

https://malegislature.gov/Bills/190/H4714