Governor Charlie Baker released a new economic development framework and legislation, An Act Enhancing Opportunities for All, to build on the administration’s efforts to promote economic vitality in our communities and spur economic growth across the state. This bill serves as the next step forward to bolster Massachusetts’ success, adding on to the achievements and framework unleashed by Governor Baker’s first economic development bill that was passed by the Legislature in July 2016.
“This bill seeks to grow the economy for all regions of the Commonwealth by providing support for small businesses, continuing the successful MassWorks program for Massachusetts’ downtowns and main streets and purchasing more equipment to expand and improve workforce skills training,” said Governor Charlie Baker. “We look forward to working with the Legislature to create a permanent sales tax holiday, to develop a stronger pipeline of trained employees in manufacturing and technology fields and incentivizing business through tax credits.”
This new legislation provides over $610 million in capital authorizations, including $300 million in capital reauthorization for the successful MassWorks infrastructure program, to expand on critical programming created in the administration’s 2016 Economic Development Legislation. Since 2015, the Baker-Polito Administration has awarded more than $430 million in capital to over 130 communities, in public infrastructure, to high schools and community colleges, in the future of advanced manufacturing, and more. In 2017, we had more people working than at any time in state history and our economy has added hundreds of thousands of new jobs since the Baker-Polito Administration took office in 2015.