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Department of Economic Development

FISCAL YEAR 2001 RESOURCE SUMMARY ($000)
DEPARTMENT Budgetary Direct Appro. Budgetary Retained Revenue Total Budgetary Spending Intragov- ernmental Service Federal Grant Spending Trust & Other Spending Total
Spending
Budgetary Revenue
Department of Economic Development 44,961  44,961  4,996  382  50,338 
TOTAL     44,961    44,961  4,996  382    50,338 

Budgetary Direct Appropriations

DEPARTMENT OF ECONOMIC DEVELOPMENT ADMINISTRATION
7007-0100  

For the operation of the office of the director of the department of economic development

428,479

MYSTIC VALLEY ECONOMIC DEVELOPMENT PROJECT
7007-0104  

For a grant for regional economic development projects related to the Mystic Valley development commission established by section 11 of chapter 294 of the acts of 1996

800,000

MASSACHUSETTS OFFICE OF BUSINESS DEVELOPMENT
7007-0300  

For the operation of the Massachusetts office of business development, including the administrative costs for the Massachusetts manufacturing networks program

3,425,432

MASSACHUSETTS MANUFACTURING INITIATIVES
7007-0350  

For assistance to the Massachusetts manufacturing partnership and the Massachusetts manufacturing networks program

1,740,000

MASSACHUSETTS OFFICE OF BUSINESS DEVELOPMENT GRANTS
7007-0400  

For economic development grants to public or non-public entities, administered by the Massachusetts office of business development; provided, that not less than $525,000 shall be expended for minority economic and community development grants; and provided further, that all grants made from this item shall require the recipient to provide 100 per cent matching funds, of which not less than 50 per cent shall be in the form of cash

1,520,000

MASSACHUSETTS BIOMEDICAL INITIATIVES
7007-0500  

For a contract with the Massachusetts biotechnology research institute

500,000

REGIONAL REDEVELOPMENT PROJECTS
7007-0515  

For regional redevelopment projects; provided, that not more than $125,000 shall be made available for the Devens enterprise commission; provided further, that said commission shall collaborate with the department of economic development and the Massachusetts Development Finance Agency on a plan to render the commission financially self-sufficient by July 1, 2001; provided further, that said plan shall include a review of the commission`s expenditures and all possible revenue sources, including permitting fees and assessments; and provided further, that said plan shall be submitted to the house and senate committees on ways and means and the secretary of administration and finance not later than December 1, 2000

400,000

SMALL BUSINESS DEVELOPMENT CENTER
7007-0800  

For the state match for a small business development center; provided, that no funds shall be expended from this item until such time as the United States Small Business Administration has made a payment or executed a grant or contract with the University of Massachusetts at Amherst for the operation of said center; provided further, that the funds expended from this item shall not exceed 25 per cent of the gross operating cost of said center; provided further, that not more than $300,000 of the amount appropriated herein shall be expended for the purpose of maintaining federal procurement technical assistance services within said center; and provided further, that the expenditure of said $300,000 shall be subject to the receipt of matching funds from federal or private sources including the United States Department of Defense

1,196,448

OFFICE OF TRAVEL AND TOURISM
7007-0900  

For the operation of the Massachusetts office of travel and tourism and the office of film and video, including grants to public or non-public entities; provided, that not less than $250,000 shall be made available for south coast regional tourism and economic development; and provided further, that not more than $500,000 shall be made available through a grant application process established by the office of travel and tourism to offset deficits that may occur during fiscal year 2001 for the highway information centers operating year-round on state highways and federally-assisted highways, and the visitor information centers on Boston Common and at the Prudential Center, both in the city of Boston

16,040,000
 
Massachusetts Tourism Fund 100%
 

LOCAL TOURIST COUNCILS FINANCIAL ASSISTANCE
7007-1000  

For financial assistance to local tourist councils, pursuant to section 14 of chapter 23A of the General Laws

7,809,000
 
Massachusetts Tourism Fund 100%
 

MASSACHUSETTS TECHNOLOGY COLLABORATIVE PROGRAM
7007-1200  

For a contract with the Massachusetts Technology Park Corporation for the Massachusetts technology collaborative program to create and maintain a more favorable and responsive environment for the formation, growth, attraction, and retention of technology-intensive industry for the commonwealth through the support of activities of clusters of technology-intensive organizations; provided, that any portfolio of such clusters shall include firms and universities concerned with federal technology funding and medical device manufacturing; and provided further, that funds appropriated herein shall be used solely for the purposes of providing technical assistance and proposal support to applicants or prospective applicants

1,200,000

MASSACHUSETTS INTERNATIONAL TRADE COUNCIL
7007-1300  

For the operation of the Massachusetts international trade council

1,233,000
 
Massachusetts Tourism Fund 100%
 

OFFICE OF MINORITY AND WOMEN BUSINESS ASSISTANCE
7007-1500  

For the operation of the state office of minority and women business assistance

691,820


Federal Grant Spending

MASSACHUSETTS FISHERIES INITIATIVE
7007-0002  

For the purposes of a federally funded grant entitled, Massachusetts Fisheries Initiative

540,000

MASSACHUSETTS MODERNIZATION PARTNERSHIP
7007-0211  

For the purposes of a federally funded grant entitled, Massachusetts Modernization Partnership

2,356,000

URBAN ENTERPRISE PROGRAM
7007-9007  

For the purposes of a federally funded grant entitled, Urban Enterprise Program

2,100,000


Trust and Other Spending

9000-0001  

FILM OFFICE - PROMOTIONAL EVENTS

21,000

9000-0501  

OFFICE OF TRAVEL AND TOURISM ANNUAL GOVERNOR`S TOURISM CONFERENCE

100,000

9000-1809  

INDUSTRY SPECIALIST PROGRAM

2,000

9000-2220  

STATE OFFICE OF MINORITY AND WOMEN BUSINESS ASSISTANCE

256,693

9000-9008  

SEAPORT ADVISORY COUNCIL

2,000



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Commonwealth of Massachusetts

Executive Office for Administration and Finance
Fiscal Affairs Division
State House, Room 272
Boston, MA 02133
(617) 727-2081


Last updated on January 26, 2000

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