FISCAL YEAR 2015 BUDGET SUMMARY ($000)
ACCOUNT FY2015
Conference
FY2015
Vetoes
FY2015
Overrides
FY2015
GAA
Regional Economic Development Grants 650 0 0 650
Massachusetts Office of Business Development 1,891 -100 100 1,891
For Massachusetts Biotechnology Research 250 0 0 250
Small Business Development Center at UMass 1,204 0 0 1,204
Microlending 300 0 0 300
Commonwealth Zoological Corporation 3,900 0 0 3,900
TOTAL    8,195 -100 100 8,195

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account description amount
DEPARTMENT OF BUSINESS DEVELOPMENT 8,195,448
 
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
650,000
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 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
1,891,162
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 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
1,204,286
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, achieving self-sufficiency and serving 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 2, 2015, 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%
3,900,000

account description amount