This is not the official budget document.

Budget Summary FY2018

Search for line item

Go

Office of the Secretary of Housing and Economic Development
Data Current as of:  12/6/2017





FISCAL YEAR 2018 BUDGET SUMMARY ($000)
ACCOUNT FY2018
Conference
FY2018
Vetoes
FY2018
Overrides
FY2018
GAA
Executive Office of Housing and Economic Development 2,679 -425 425 2,679
Housing and Economic Development IT Costs 3,079 0 0 3,079
Workforce Development Grant 1,525 -175 175 1,525
Massachusetts Technology Collaborative 1,000 -250 250 1,000
International Trade 100 -100 100 100
Military Base Promotion 125 0 0 125
Urban Agenda Economic Development Grants 500 0 0 500
Small Business Technical Assistance Grant Program 750 0 0 750
Transformative Development Fund 250 -250 250 250
Mass Tech Collaborative Tech and Innovation Entrepre 1,550 -1,550 1,550 1,550
Entrepreneur in Residence Pilot Program 50 0 0 50
Big Data Innovation and Workforce Fund 500 -500 500 500
TOTAL    12,108 -3,250 3,250 12,108

Hide line item language

account description amount
OFFICE OF THE SECRETARY OF HOUSING AND ECONOMIC DEVELOPMENT 19,777,707
Direct Appropriations
7002-0010 Executive Office of Housing and Economic Development
For the operation of the office of the secretary of housing and economic development, including the operation of the Massachusetts permit regulatory office and the operation of the office of the wireless and broadband affairs director; provided, that agencies within the executive office may, with the prior approval of the secretary, streamline and improve administrative operations pursuant to interdepartmental service agreements; provided further, that the executive office of housing and economic development, in cooperation with the commonwealth corporation, shall award not less than $300,000 to the New England Center for Arts and Technology, Inc; provided, that $75,000 be expended for The Women's Fund of Western Massachusetts, Inc. for a pilot program in collaboration with the national Partnership for Young Women's Progress that will utilize public-private funding and address core structural issues that keep a majority of the nation's low-income young women from experiencing robust health, economic security, personal safety and the leadership opportunities that their gifts and strengths deserve; provided further, that $100,000 shall be expended for the operation of the Greater Gardner Business Incubator Network Inc.'s business incubator in the city of Gardner; provided further, that not less than $50,000 shall be expended for the Lawrence Partnership, Inc. to facilitate public-private economic development collaboration in the city of Lawrence; provided further, that $100,000 shall be expended to Valley Venture Mentors, Inc. to establish a collegiate accelerator program that will provide 8 weeks of hands-on, intensive mentoring, education and support; provided further, that $50,000 shall be expended for the town of Georgetown to develop an economic development plan; and provided further, that not less than $50,000 shall be expended to Tech Foundry, Inc. in the city of Springfield for training in technology and job placement
2,679,257
7002-0017 Housing and Economic Development IT Costs
For the provision of information technology services within the executive office of housing and economic development, including the homeless management information system
3,078,974
7002-0020 Workforce Development Grant
For a precision manufacturing program administered by the executive office of housing and economic development that provides training to unemployed and underemployed individuals, including veterans; provided, that not less than $85,000 shall be expended for the Middle Skills Manufacturing Initiative in Hampshire and Franklin counties; and provided further, that not less than $90,000 shall be expended for the E-Team Machinist program in the city of Lynn
1,525,000
7002-0032 Massachusetts Technology Collaborative
For a transfer to the Innovation Institute Fund established in section 6A of chapter 40J of the General Laws
1,000,000
7002-0033 International Trade
For an international trade and export development program to be administered by the Massachusetts Development Finance Agency to strengthen international economic development and competiveness and promote international trade and the export of products and services from the commonwealth; provided, that the program shall be a statewide resource for international trade and export development, attracting foreign direct investment to the commonwealth for job creation and retention, assisting companies in commonwealth in exporting products and services and expanding the commonwealth's visibility in the global marketplace; and provided further, that the program shall develop a comprehensive global strategy in conjunction with state agencies, international trade and export development associations, cultural facilities, export businesses and other relevant stakeholders and submit that strategy to the joint committee on export development and the senate and house committees on ways and means not later than July 1, 2018
100,000
7002-0035 Military Base Promotion
For a reserve to support the commonwealth's defense sector initiatives; provided, that the executive office may allocate funds to the Massachusetts Development Finance Agency for this purpose
125,000
7002-0036 Urban Agenda Economic Development Grants
For a competitive grant program to work with urban entrepreneurs to promote small businesses, create new jobs and support workforce development and training initiatives in urban communities; provided, that the program shall be administered by the executive office of housing and economic development; and provided further, that funds may be used for planning grants to local housing authorities and municipalities in urban areas to develop new affordable rental or homeownership housing
500,000
7002-0040 Small Business Technical Assistance Grant Program
For a transfer to the Massachusetts Growth Capital Corporation for the small business technical assistance grant program; provided, that not less than $750,000 shall be disbursed as grants to community development corporations certified under chapter 40H of the General Laws, nonprofit community development financial institutions certified by the United States Department of the Treasury or nonprofit community-based organizations for the purpose of providing technical assistance or training programs to businesses with not more than 20 employees; provided further, that priority shall be given to those organizations that focus on reaching underserved markets; and provided further, that the Massachusetts Growth Capital Corporation shall submit a report not later than January 4, 2018 to the house and senate committees on ways and means and the joint committee on community development and small businesses
750,000
7002-1502 Transformative Development Fund
For the Transformative Development Fund established in section 46 of chapter 23G of the General Laws
250,000
7002-1508 Mass Tech Collaborative Tech and Innovation Entrepre
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 establish programs that provide advice and training from successful, experienced entrepreneurs for startup enterprises and that create a talent pipeline to technology startups and innovation companies; provided, that an entrepreneur and startup mentoring program shall be established, in consultation with the Massachusetts Technology Development Corporation established in section 2 of chapter 40G and doing business as MassVentures, to provide assistance, mentoring and advice to startups and innovation companies by connecting early-stage entrepreneurs, technology startups and small businesses with successful, experienced business enterprises and capital financing; provided further, that funds shall be expended for paid internships for students seeking careers in technology and innovation industries to work with companies competing actively in those fields; provided further, that the Massachusetts Technology Collaborative shall seek private funds necessary to match contributions equal to $1 for every $1 contributed by the Massachusetts Technology Collaborative through the internship program; provided further, that as a condition of such grants being awarded, the Massachusetts Technology Collaborative shall reach an agreement with the grant recipient on performance measures and indicators that shall be used to evaluate the performance of the grant recipient in carrying out the activities described in the recipient's application; provided further, that the Massachusetts Technology Collaborative shall file annual reports for the duration of the programs with the chairs of the senate and house committees on ways and means and the senate and house chairs of the joint committee on economic development and emerging technologies, no later than June 15, 2018; provided further, that the paid internship program report shall include the number of placements of students in paid internships during the academic year and an analysis of the impact of the program on the ability of its participants to enter the full-time job market in the technology and innovation industries after graduation; provided further, that the entrepreneurship program report shall include an overview of the activities of the programs, the number of participants in the programs and an analysis of the impact of the programs on the success of the participants' startup business ventures; and provided further, that the funds appropriated in this item shall not revert but shall be made available for these purposes through June 30, 2019
1,550,000
7002-1509 Entrepreneur in Residence Pilot Program
For the Massachusetts Technology Park Corporation doing business as the Massachusetts Technology Collaborative in collaboration with the Massachusetts Medical Device Development Center and the Innovation Hub at the University of Massachusetts at Lowell and the Venture Development Center at the University of Massachusetts at Boston, established pursuant to item 7007-0932 of section 2 of chapter 123 of the acts of 2006, to offer candidates on nonimmigrant visas the opportunity to remain in the commonwealth to pursue practical training in entrepreneurship
50,000
7002-1512 Big Data Innovation and Workforce Fund
For the Big Data Innovation and Workforce Fund established in section 6H of chapter 40J of the General Laws
500,000

account description amount
Intragovernmental Service Spending 7,669,476
7002-0018 Chargeback for Housing and Economic Development IT Costs
For the cost of information technology services provided to agencies of the executive office of housing and economic development
                Intragovernmental Services Fund ............... 100%
7,669,476