IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: No inception date

Financial grant

On October 10, 2016 the governor of Massachusetts signed into law a bill (H.4569) entitled “An Act Relative to Job Creation and Workforce Development” that includes numerous provisions intended to promote that aim. A few of them may constitute subsidies for specific sectors or firms. The more questionable among them are as follows:

  • $15,000,000 for a program to be administered by the Massachusetts Development Finance Agency for site assembly, site assessment, predevelopment permitting and other predevelopment and marketing activities that enhance a site’s readiness for commercial, industrial or mixed-use development; provided, that a portion of the funds shall be used to facilitate the expansion or replication of successful industrial park;
  • $15,775,000 for a program to be administered by the Massachusetts Development Finance Agency: (i) to make grants to private property owners, nonprofit entrepreneur support organizations and business operators; (ii) to make grants and loans to municipalities for design, construction and improvement of buildings and for equipment to spur innovation and entrepreneurship across the commonwealth including, but not limited to, co-working spaces, innovation centers, maker spaces, post-incubation start-ups and artist spaces;
  • $45,000,000 for the Transformative Development Fund established by section 46 of chapter 23G of the General Laws. The Transformative Development Fund was created within MassDevelopment pursuant to C. 287, Acts of 2014, and supports MassDevelopment's Transformative Development Initiative (TDI). The TDI is a place-based development program for Gateway Cities designed to enhance local public-private engagement and community identity; stimulate an improved quality of life for local residents; and spur increased investment and economic activity;
  • $15,000,000 for the Scientific and Technology Research and Development Matching Grant Fund established by section 4G of chapter 40J of the General Laws. This is a matching grant fund the purpose of which is to provide matching funds for capital expenditures to be made in connection with projects which are sponsored by the University of Massachusetts, research universities, non-profit entities, or non-profit research institutions in the commonwealth for scientific or technology research and development and funded in part by the federal government or other public or private funds including, but not limited to, venture capital; and
  • $30,000,000 for the Advanced Manufacturing, Technology and Hospitality Training Trust Fund established in section 20000 of chapter 29 of the General Laws. This fund aims to establish and support training and education programs that address the workforce shortages of the advanced manufacturing, mechanical and technical skills, hospitality and information technology industries in the commonwealth to help meet the workforce and talent pipeline needs of employers.

 

 

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