The Build to Scale Reauthorization Act of 2026 extends federal funding for the Regional Innovation Program through fiscal year 2030, providing up to $50 million annually to support economic development in specific areas. The bill defines eligible partners as state or nonprofit organizations that offer direct financing, commercialization services, and entrepreneurial support to local businesses. It mandates that the federal government contribute no more than 50 percent of project costs, with an additional 40 percent available based on regional needs, and requires outreach to rural communities and areas facing economic distress. Additionally, the legislation allows agencies to use unspent funds from previous years and updates the program's focus to include specific initiatives aimed at accelerating innovation.
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Economic Development
This bill establishes a multi-year funding program administered by the Executive Office of Economic Development to support various sectors of the Massachusetts economy. The legislation allocates millions of dollars in grants to private businesses for constructing green facilities, developing artificial intelligence technologies, and creating new jobs, while also providing funds for defense innovation, food science, robotics research, and local downtown revitalization. A key requirement for most grants is that they must be awarded in a way that promotes geographic equity across the state. The funds are available until June 30, 2036, and can be administered by the executive office or contracted to existing state agencies.
