Governor Deval Patrick's Budget Recommendation - House 2 Fiscal Year 2013

Governor's Budget Recommendation FY 2013

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Department of Business Development




Fiscal Year 2013 Resource Summary ($000)
DEPARTMENT FY 2013
Budgetary
Recommendations
FY 2013
Federal, Trust,
and ISF
FY 2013
Total
Spending
FY 2013
Budgetary
Non-Tax Revenue
Department of Business Development 7,510 12 7,522 0

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account description amount
DEPARTMENT OF BUSINESS DEVELOPMENT 7,521,616
Budgetary Direct Appropriations 7,509,616
7007-0150 Regional Economic Development Grants
For the Massachusetts office of business development for contracts with regional economic development organizations under the program established by section 3J and 3K of chapter 23A of the General Laws
850,000
7007-0300 Massachusetts Office of Business Development
For the operation of the Massachusetts office of business development, which shall include the operation and support of capital grants programs, including but not limited to the MassWorks Capital Infrastructure Program, the operation of the Massachusetts office of small business and entrepreneurship and for marketing and promoting the commonwealth in order to attract and retain targeted businesses and industries
1,755,330
7007-0500 For Massachusetts Biotechnology Research
For the operation and maintenance of the Massachusetts Biotechnology Research Institute for the purpose of promoting the commercialization of new, academic-based research and development and raising the scientific awareness of the communities of the commonwealth
200,000
7007-0800 Small Business Development Center at UMass
For a state matching grant for a small business development center; provided, that no funds may 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, subject to the receipt of matching funds from federal or private sources including the Department of Defense; and 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 the electronic identification and tracking of federal bid opportunities
1,204,286
7007-0952 Commonwealth Zoological Corporation
For the operation of the Commonwealth Zoological Corporation under chapter 92B of the General Laws; provided, that the funds appropriated in this item shall be used to promote private fundraising, achieve self-sufficiency and serve as a catalyst for urban economic development and job opportunities for local residents; and provided further, that not less than $750,000 shall be expended on a matching program to encourage private and corporate donations to support the Franklin Park Zoo and Stone Zoo
3,500,000
account description amount
Trust and Other Spending 12,000
9000-1809 Industry Specialist Program 12,000


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