Budget & Taxes (Economic Development)

Senate, July 16, 2026 -- Text of the Senate amendment to the House Bill relative to economic development in the commonwealth (House, No. 5576) [This legislation authorizes $325,100,000 in bond obligations and $100,000,000 in direct fiscal year 2026 appropriations from the Education and Transportation Fund.]

This bill authorizes the Massachusetts Executive Office of Economic Development to distribute over $275 million in grants to private businesses, public entities, and non-profits to stimulate economic growth and innovation. The funding supports specific initiatives including the construction of energy-efficient and climate-resilient facilities, the development of artificial intelligence technologies, and the establishment of hubs for early-stage companies and defense-related research. Additional funds are allocated to strengthen local downtowns, advance food science and agriculture, enhance the creative economy, and promote robotics technology. All grant programs include requirements to ensure geographic equity across the state and are authorized for use until June 30, 2036.

By Mr. Montigny, a petition (accompanied by bill, Senate, No. 2042) of Mark C. Montigny for legislation relative to economic development tax credits. Revenue.

By Mr. Montigny, a petition (accompanied by bill, Senate, No. 2042) of Mark C. Montigny for legislation relative to economic development tax credits. Revenue.