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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill allocates significant state funds to support economic development and innovation in Massachusetts. It provides grants for private businesses constructing or expanding facilities, particularly those incorporating decarbonization measures; supports artificial intelligence development in key sectors; provides capital grants for business ventures; invests in infrastructure improvements; and offers funding for workforce development and community development initiatives. The bill also includes amendments to existing laws related to licensing and regulatory processes.
Key provisions
- Provides $25 million in capital grants for private businesses constructing or expanding commercial, industrial, or manufacturing facilities with decarbonization features.
- Allocates $75 million for grants to support artificial intelligence technologies in strategic sectors.
- Offers $20 million in capital grants for early-stage and high-growth business ventures.
- Dedicates $100 million to investments in defense-related technology and infrastructure.
- Establishes a competitive program for robotics research and development, providing $25 million in grants.
- Provides $25 million in grants to support economic development in cities and towns.
- Amends existing laws to streamline site plan review processes and clarify definitions related to social work licensure.
- Authorizes the state to issue bonds to finance the bill's provisions.
Who is affected
Bill text
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Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Joint Committee on Economic Development and Emerging Technologies
Cosponsor
Maura T. Healey
Arguments
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