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Budget Summary FY2015

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70070300 - Massachusetts Office of Business Development
Data Current as of:  10/17/2014





Account Description FY2014
Spending
FY2015
GAA
7007-0300 Massachusetts Office of Business Development
For the operation of the Massachusetts office of business development and for marketing and promoting the commonwealth in order to attract and retain targeted businesses and industries; provided, that not less than $100,000 shall be expended for the Springfield Business Improvement District; provided further, that there shall be a grant program for community development corporations located in designated port areas and for the planning of projects to assist commercial fishing such as the pretreatment of wastewater resulting from seafood processing; provided further, that not less than $100,000 shall be expended for the Massachusetts Development Finance Agency to administer a grant program for early stage development of waterfront community development corporations located in a designated port area established under 301 CMR 25.00 et seq.; and provided further, that the community development corporations shall demonstrate that: (i) the designated port area has been negatively impacted by the decline in fishing stocks; and (ii) the community development corporation's mission shall include, but not be limited to, utilization of federal or state tax credits

1,691,162 1,891,162

Veto Explanation:   I am striking language which earmarks funding for a program not recommended. The reduction in the item incorporates the amount of the stricken earmarked funds.