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Budget Summary FY2016

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Department of Business Development
Data Current as of:  8/19/2015



FISCAL YEAR 2016 BUDGET SUMMARY ($000)
ACCOUNT FY2016
Conference		 FY2016
Vetoes		 FY2016
Overrides		 FY2016
GAA
Regional Economic Development Grants 600 0 0 600
Massachusetts Office of Business Development 1,738 0 0 1,738
For Massachusetts Biotechnology Research 250 0 0 250
Small Business Development Center at UMass 1,186 0 0 1,186
Microlending 300 0 0 300
Commonwealth Zoological Corporation 4,900 -1,000 1,000 4,900
Mass Tech Collaborative - Computer Science Education Promoti 1,700 -700 700 1,700
Small Business Association Layoff Aversion Grant Program 250 0 0 250
TOTAL    10,924 -1,700 1,700 10,924

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DEPARTMENT OF BUSINESS DEVELOPMENT 10,924,162
 
7007-0150 Regional Economic Development Grants
For the Massachusetts office of business development for contracts with regional economic development organizations under the program established in sections 3J and 3K of chapter 23A of the General Laws 		600,000
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 funds may be expended for the Massachusetts Food Trust Program established pursuant to section 65 of chapter 23A added by section 12 of chapter 286 of the acts of 2014 		1,737,940
7007-0500 For Massachusetts Biotechnology Research
For the operation and maintenance of the Massachusetts Biotechnology Research Institute for the commercialization of new, academic-based research and development and raising the scientific awareness of the communities of the commonwealth 		250,000
7007-0800 Small Business Development Center at UMass
For a state matching grant for the small business development center; provided, that no funds shall be expended from this item until such time as the United States Small Business Administration has made a payment or has executed a contract to pay the University of Massachusetts at Amherst for the operation of the center; provided further, that the funds expended from this item shall not exceed 25 per cent of the gross operating cost of said center; provided further, that not more than $300,000 from this item shall be expended for federal procurement technical assistance services within said center; provided further, that the services shall include, but not be limited to, assisting businesses in securing federal contracts, obtaining contract financing, generating responses to requests-for-proposals, interpreting bid documents, providing educational workshops and seminars and for the electronic identification and tracking of federal bid opportunities; and provided further, that funds expended for federal procurement technical assistance services within said center shall be subject to the receipt of matching funds from federal or private sources, including the United States Department of Defense 		1,186,222
7007-0801 Microlending
For microlending grants of up to $100,000 which shall be issued to established community development financial institutions and community advantage lenders making direct microenterprise and small business loans to borrowers on a regional basis, and providing technical assistance to applicants and borrowers in order to foster business establishment and success; provided, that the funds shall be used to support the eligible organization's lending and technical assistance activities; and provided further, that not less than $100,000 shall be granted to the north central Massachusetts region for these purposes 		300,000
7007-0952 Commonwealth Zoological Corporation
For the operation of the Commonwealth Zoological Corporation established under chapter 92B of the General Laws; provided, that funds appropriated in this item shall be expended to promote private fundraising, achieve self-sufficiency and serve as a catalyst for urban economic development and job opportunities for local residents; provided further, that the corporation shall take all steps necessary to increase the amount of private funding available for the operation of the zoos; provided further, that funding in this item shall not be transferred through interdepartmental service agreements; provided further, that the corporation shall report to the house and senate committees on ways and means not later than February 1, 2016 on the status of, and amounts collected from, the private fundraising and enhanced revenue efforts identified in the draft Massachusetts zoos business and operations plan dated December 1996; and provided further, that funds may be expended on a matching program to encourage private and corporate donations to support the Franklin Park Zoo and Stone Zoo
                Massachusetts Tourism Fund ............... 100%
4,900,000
7007-1202 Mass Tech Collaborative - Computer Science Education Promoti
For the Massachusetts Technology Park Corporation established in section 3 of chapter 40J of the General Laws and doing business as the Massachusetts Technology Collaborative, to develop and implement a plan to promote and establish computer science education in public schools as required by section 6I of chapter 40J of the General Laws; provided, that the Massachusetts Technology Collaborative shall seek out matching private funds equal to $1 for every $1 contributed by the collaborative; provided further, that a report shall be filed with the chairs of the house and senate committees on ways and means and the house and senate chairs of the joint committee on economic development and emerging technologies that includes a 3-year strategic plan, annual goals and progress in achieving those goals; provided further, that said report shall be published on the Massachusetts Technology Collaborative's website; and provided further, that not less than $200,000 shall be expended to facilitate the development of regional accelerators and incubators for technology start-ups 		1,700,000
7007-1641 Small Business Association Layoff Aversion Grant Program
For a grant for the Smaller Business Association of New England for the layoff aversion through management assistance program for consultant and technical assistance to manufacturing companies to prevent business closure and employee displacement; provided, that the expenditure of the layoff aversion through management assistance program shall leverage at least $1 in matching funds for every $1 granted pursuant to this item; and provided further, that the president of the Smaller Business Association of New England shall file a quarterly report with the house and senate committees on ways and means, the joint committee on economic development and emerging technologies and the joint committee on labor and workforce development on the number of employees and manufacturing companies that have received financial assistance through this item, a detailed description of the services provided to manufacturing companies through the layoff aversion through management assistance program and a detailed account of the expenditures of the layoff aversion through management assistance program, including administrative costs 		250,000

account description amount