Senate tax bill spurs mixed-income housing production

The Gateway Cities Journal

This week the Massachusetts Senate revealed its much-anticipated tax relief package. Mirroring language from Governor Healey’s proposal, the bill includes provisions increasing the Housing Development Incentive Program (HDIP) to $57 million in FY 24 to clear a lengthy backlog of pending projects, followed by $30 million annually each year thereafter. MassINC anticipates that this expansion

Five Gateway City bills to watch this session

The Gateway Cities Journal

Last Friday was “docket day” on Beacon Hill, the deadline for filing legislation for consideration during the 2023 – 2024 session. The co-chairs of the Gateway Cities caucus presented five hefty bills. As a package, the complementary and commonsense policy proposals contained in these bills would offer a huge infusion of energy for Gateway City

Simply Having a Wonderful MassINC Time

Our 2022 year-end wrap-up

Simply Having a Wonderful MassINC Time  (loosely adapted from Paul McCartney’s “Wonderful Christmastime”) [Verse 1] The mood is right The spreadsheet’s up The data’s clean And that’s enough [Chorus] Simply having a wonderful MassINC time Simply having a wonderful MassINC time [Verse 2] The meeting’s on Each city here From Chicopee East to Revere [Chorus]

A Gateway Cities Strategy for the Healey–Driscoll Administration

Transition Briefing Memorandum

Governor Healey takes office at a pivotal moment. State government must deploy a deluge of federal resources from the American Rescue Plan Act (ARPA), the Bipartisan Infrastructure Law (BIL), and the Inflation Reduction Act (IRA). The mandate to leverage this unprecedented investment to combat the commonwealth’s two most existential threats—climate change and rising inequality—has never

Poll: Massachusetts small businesses still recovering from COVID

New MassINC Polling Group Poll finds Massachusetts small businesses owned by entrepreneurs of color see expansion opportunities if capital and space challenges can be overcome

September 22, 2022 A new statewide survey commissioned by Coalition for an Equitable Economy (the Coalition) in partnership with The MassINC Polling Group (MPG) and Mass Growth Capital Corporation (MGCC) finds Massachusetts small businesses facing a long road to recovery from the COVID-19 pandemic, with about half (53%) reporting revenues remain lower than pre-pandemic. Business

The Baker Administration’s Crowning Achievement

The Gateway Cities Journal

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

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.

50 Gateway City economic development leaders write to state legislators for HDIP

50 Gateway City economic development leaders and developers sent a letter to state legislators calling for action to rescue the Housing Development Incentive Program (HDIP), which is the only state program to address the unique development challenges of our small cities. Most significantly, rents remain comparatively low in most Gateway Cities compared to rising construction
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