Governor Charles D. Baker's Budget Recommendation - House 2 Fiscal Year 2017

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Department of Business Development

Fiscal Year 2017 Resource Summary ($000)
FY 2017
Federal, Trust,
and ISF
FY 2017
FY 2017
Non-Tax Revenue
Department of Business Development 8,998 0 8,998 0

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account description amount
Budgetary Direct Appropriations   
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
7007-0300 Massachusetts Office of Business Development
For the operation of the Massachusetts office of business development in order to attract and retain targeted businesses and industries
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
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
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
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
                Massachusetts Tourism Fund ............... 100%
7007-1641 Small Business Association Layoff Aversion Grant Program
For a grant for the Small 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 program in this item shall leverage at least $1 in matching funds for every $1 granted pursuant to this item

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