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Department of Business Development
Data Current as of: 8/10/2018
| ACCOUNT | FY2019 Conference |
FY2019 Vetoes |
FY2019 Overrides |
FY2019 GAA |
|
|---|---|---|---|---|---|
| 7007-0150 | Regional Economic Development Grants | 1,000 | 0 | 0 | 1,000 |
| 7007-0300 | Massachusetts Office of Business Development | 1,625 | -80 | 80 | 1,625 |
| 7007-0500 | For Massachusetts Biotechnology Research | 500 | 0 | 0 | 500 |
| 7007-0800 | Small Business Development Center at UMass | 1,174 | 0 | 0 | 1,174 |
| 7007-0801 | Microlending | 300 | -100 | 100 | 300 |
| 7007-0952 | Commonwealth Zoological Corporation | 4,675 | -75 | 75 | 4,675 |
| 7007-1202 | Mass Tech Collaborative - Computer Science Education Promoti | 850 | 0 | 0 | 850 |
| 7007-1641 | Small Business Association Layoff Aversion Grant Program | 250 | 0 | 0 | 250 |
| TOTAL | 10,374 | -255 | 255 | 10,374 | |
| account | description | amount |
|---|---|---|
| DEPARTMENT OF BUSINESS DEVELOPMENT | 10,374,163 | |
| 7007-0150 | Regional Economic Development Grants
For the Massachusetts office of business development for contracts with regional economic development organizations under the programs established in sections 3J and 3K of chapter 23A of the General Laws |
1,000,000 |
| 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 $80,000 shall be expended to the Falmouth Economic Development and Industrial Corporation to fund fiber optic cable installation in the town of Falmouth |
1,624,803 |
| 7007-0500 | For Massachusetts Biotechnology Research
For the operation and maintenance of the Massachusetts Biomedical Initiatives, Inc, for the commercialization of new, academic-based research and development and raising the scientific awareness of the communities of the commonwealth; provided, that the institute, in collaboration with the office of business development, shall expend not less than $250,000 for initiatives to increase diversity in the fields of life sciences and biotechnology in the commonwealth; provided further, that such initiatives may include, but not be limited to: (a) investments in minority-owned businesses; (b) grants to school districts with significant minority student populations for the development of curricula, purchase of equipment and the provision of internships; (c) planning and implementation of strategies to recruit, develop and retain a diverse workforce in the fields of life sciences and biotechnology; and (d) identifying structural and cultural obstacles to the full inclusion of diverse population in the life sciences and biotechnology field, along with recommendations for removing those obstacles; provided further, that the institute shall issue a report to the house and senate committees on ways and means not later than February 1, 2019 on the development, implementation and success of these initiatives, including the disbursement of funds to specific entities as defined in this item; and provided further, the institute shall seek out private funds necessary to match contributions equal to $1 for every $1 contributed by this item |
500,000 |
| 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 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 shall 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 the center shall be subject to the receipt of matching funds from federal or private sources, including the United States Department of Defense |
1,174,360 |
| 7007-0801 | Microlending
For microlending grants which shall be issued to established United States Treasury-certified community development financial institutions and United States Small Business Administration microlenders 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; provided further, that the Massachusetts office of business development shall file an annual report with the senate and house committees on ways and means identifying: (a) the United States Treasury-certified community development financial institutions receiving grant issuances; (b) the names and loan amounts of each business receiving grant funds from the lending institution; (c) the federal dollar match received as a result of making the loan; (d) the number of jobs created through the business loans; and (e) the number of failed loans; and provided further, that not less than $100,000 shall be allocated to South Eastern Economic Development Corporation and Common Capital, Inc. for these purposes |
300,000 |
| 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, 2019 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 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; and provided further, that not less than $75,000 shall be expended for the Zoo at Forest Park in the city of Springfield |
4,675,000 |
| 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 said program, including administrative costs |
250,000 |
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