Bill > H4732

This bill provides for a program of economic development and job creation in the Commonwealth. Key provisions include: - Providing $116.975 million in grants to municipalities and other public entities for improvements to publicly-owned infrastructure, such as for market rate housing, recreation facilities, business development, and transportation projects. - Providing $50 million for a grant program to coastal communities for planning, investment, and construction/repair of coastal assets to support the maritime economy. - Establishing a $2.5 million Massachusetts Cybersecurity Innovation Fund to support facilities, software, and workforce training to grow the cybersecurity industry cluster. - Creating a $75 million competitive grant program for the purchase and installation of equipment and facility improvements for career and technical education programs. - Providing tax credits for businesses that hire apprentices in certain high-demand occupations. - Establishing a voluntary corporate governance annual disclosure program for insurers. - Exempting sales of "rolling stock" (trucks, tractors, trailers) used in interstate commerce from the sales and use tax. The bill aims to promote economic development, job creation, and industry cluster growth through infrastructure investments, workforce training, tax incentives, and regulatory changes.

Budget and Finance

https://malegislature.gov/Bills/190/H4732