Baker-Polito Administration Files $3.5 Billion Economic Development Legislation
Baker-Polito Administration Files $3.5 Billion Economic Development Legislation
Press Release | The Governor's Office | April 21, 2022
https://www.mass.gov/news/baker-polito-administration-files-35-billion-economic-development-legislation
Today, Governor Charlie Baker filed legislation to make $3.5 billion in investments to support Massachusetts’s path forward as the Commonwealth transitions into a post-pandemic world, including projects to strengthen state infrastructure, create jobs and invest in all 351 cities and towns in the Commonwealth.
The legislation, An Act Investing in Future Opportunities for Resiliency, Workforce, and Revitalized Downtowns (FORWARD) includes $2.3 billion in funding from the federal American Rescue Plan Act (ARPA) and over $1.256 billion in capital bond authorizations.
The announcement was made today in Lynn at Breakwater North Harbor, a 331-unit apartment community that broke ground in 2019 and was built in part as a result of a $1.2 million MassWorks grant to fund roadway and water infrastructure improvements, and a $1 million Seaport Economic Council grant to ensure long-term integrity of the adjacent shoreline along North Harbor.
The legislation filed today would direct approximately...