Leaders on Beacon Hill continue to look for solutions to the stalled economic development package. Embedding the bill’s provision in a supplemental budget, which Governor Baker would take the lead in drafting, is one scenario floating around the State House. This approach has one major downside: supplemental budgets cannot contain bond authorizations. If this is
For the Good of the Commonwealth
The Gateway Cities Journal
Gateway City leaders awoke Monday morning to incredibly disheartening news: The legislature had failed to pass the economic development bill and its long-awaited increase in the Housing Development Incentive Program (HDIP). Session after session, the omnibus economic development bill has been the primary vehicle for economic policy in Massachusetts. Many interests are now waiting patiently
House and Senate move on HDIP, Lesser fighting for inclusive entrepreneurship provisions
The Gateway Cities Journal
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On Monday, the Senate Ways and Means Committee released its version of the biennial economic development bill. Similar to the bill passed unanimously by the House last week, S. 3018 contains provisions increasing the annual cap on the Housing Development Incentive Program (HDIP) to $57 million for FY 2023 and $30 million each year thereafter.
Event Recap | Gateway Cities Leadership Summit: Growing an Inclusive Economy II
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On Tuesday, July 12th, MassINC hosted its Annual Gateway Cities Leadership Summit. The forum explored how municipal contracting can support the growth of businesses of color, a timely conversation with an unprecedented influx of federal resources flowing into Gateway Cities through ARPA and the Bipartisan Infrastructure Law. MassINC Research Director Ben Forman and Executive Director
This is the moment to make transformative investments
The Gateway Cities Journal
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The TDI program has been highly effective in Gateway Cities closer to Boston with relatively strong real estate markets. But the impact has been minimal in weaker markets outside of I-495, where Massachusetts desperately needs new sources of economic growth. Now is the moment to do right by the communities that state economic development policy has neglected for far too long.
Baker’s Seminal Economic Development Legislation
The Gateway Cities Journal
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Gateway City economic development leaders huddled on Zoom Wednesday for a call with Sec. Kennealy. The discussion offered valuable insight into how Gov. Baker’s $3.5 billion economic development/ARPA 2.0 bill could sow seeds for growth. Here are our first impressions of the governor’s final major contribution to economic development policy.
Preliminary Thoughts on a 2022 Equitable Economic Development Bill
The Gateway Cities Journal
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Seasonal patterns suggest a large economic development package will land on Beacon Hill during the month of March in an even year. Sec. Kennealy can make a compelling case for filing a bill laden with policies to ensure that the unprecedented federal investments flowing into Massachusetts generate equitable growth.
Ben Forman offers testimony to Joint Committee on Economic Development and Emerging Technologies
On An Act to Promote Inclusive Entrepreneurship and Economic Justice
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Ben Forman testifies in support of S.270/H. 505 in the hopes that it will be of value as legislators work to position the Commonwealth for strong economic recovery.
Event Recap | Ninth Annual Gateway Cities Innovation Institute Awards and Summit
Infrastructure for Equitable Economic Growth
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On Thursday, September 30th, MassINC hosted its Ninth Annual Gateway Cities Innovation Institute Awards and Summit. During this annual event, a panel of experts explored how Gateway Cities can leverage infrastructure investment to grow businesses owned by people of color and build stronger regional economies.
Event Recap | Gateway Cities Leadership Summit: Growing an Inclusive Economy
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On Thursday, July 22 MassINC hosted its Annual Gateway Cities Leadership Summit where we explored how Gateway Cities can successfully support entrepreneurs of color and promote inclusive entrepreneurship statewide.
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