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Budget Summary FY2018

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Department of Business Development
Data Current as of:  12/6/2017





FISCAL YEAR 2018 BUDGET SUMMARY ($000)
ACCOUNT FY2018
Conference
FY2018
Vetoes
FY2018
Overrides
FY2018
GAA
Regional Economic Development Grants 300 0 0 300
Massachusetts Office of Business Development 1,545 0 0 1,545
For Massachusetts Biotechnology Research 243 0 0 243
Small Business Development Center at UMass 1,386 -200 200 1,386
Microlending 100 0 0 100
Commonwealth Zoological Corporation 4,350 -350 350 4,350
Mass Tech Collaborative - Computer Science Education Promoti 850 -850 850 850
Small Business Association Layoff Aversion Grant Program 243 0 0 243
TOTAL    9,016 -1,400 1,400 9,016

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account description amount
DEPARTMENT OF BUSINESS DEVELOPMENT 9,015,928
 
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
300,000
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 not less than $100,000 shall be expended for the Massachusetts Food Trust Program established in section 65 of chapter 23A of the General Laws
1,544,706
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
242,500
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 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 the center; provided further, that not more than $300,000 from this item shall be expended for federal procurement technical assistance services within the 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; provided further, that funds expended for federal procurement technical assistance services within the center shall be subject to the receipt of matching funds from federal or private sources, including the United States Department of Defense; provided further, that annual expenditure reports shall be filed with the house and senate committees on ways and means; provided further, that not less than $200,000 shall be expended for a matching grant program to be administered by The Lowell Development and Financial Corporation that shall match program funds to startup companies that have left an incubator or accelerator within the previous 12 months and seek to lease or rent office or laboratory space within the city of Lowell; and provided further, that The Lowell Development and Financial Corporation shall award funds to companies that have secured private matching funds from landlords or other sources to assist in rent or lease payments
1,386,222
7007-0801 Microlending
For microlending grants of not more than $100,000 that 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 organizations' lending and technical assistance activities;
100,000
7007-0952 Commonwealth Zoological Corporation
For the operation of the Commonwealth Zoological Corporation established in 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, 2018 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; provided further, that not less than $100,000 be expended for the Lupa Zoo and Game Farm, Inc. in Ludlow; 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 the Walter D. Stone Memorial Zoo
4,350,000
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 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 Park Corporation shall seek out matching private funds equal to $1 for every $1 contributed by the corporation; 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; and provided further, that said report shall be published on the Massachusetts Technology Park Corporation's website
850,000
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 under 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
242,500

account description amount