This is not the official budget document.

Budget Summary FY2012

Department of Business Development
Data Current as of:  7/11/2011





FISCAL YEAR 2012 BUDGET SUMMARY ($000)
ACCOUNT FY2012
Conference
FY2012
Vetoes
FY2012
GAA
Regional Economic Development Grants 450 0 450
Massachusetts Office of Business Development 1,624 0 1,624
Biotech Research Institute 200 0 200
Small Business Development Center at the University of Massachusetts Amherst 704 0 704
Microlending 200 0 200
Year Up 100 0 100
Commonwealth Zoological Corporation 3,500 0 3,500
TOTAL    6,778 0 6,778

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account description amount
DEPARTMENT OF BUSINESS DEVELOPMENT 6,778,314
 
7007-0150 Regional Economic Development Grants
For the Massachusetts office of business development for contracts with regional economic development organizations under the program established by section 3J and 3K of chapter 23A of the General Laws, prior appropriation continued
450,000
7007-0300 Massachusetts Office of Business Development
For the operation of the Massachusetts office of business development, which shall include the operation and support of capital grants programs, including the Massachusetts Opportunity Relocation and Expansion Jobs Capital Program established in chapter 123 of the acts of 2006, and for marketing and promoting the commonwealth in order to attract and retain targeted businesses and industries
1,624,028
7007-0500 Biotech Research Institute
For the operation and maintenance of the Massachusetts biotechnology research institute for the purpose of promoting the commercialization of new, academic-based research and development, and raising the scientific awareness of the communities of the commonwealth
200,000
7007-0800 Small Business Development Center at the University of Massachusetts Amherst
For a grant 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 has executed a contract to pay the University of Massachusetts at Amherst for the operation of the 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 from this item shall be expended for federal procurement technical assistance services within said center; provided further, that the services shall include, but not be limited to, assisting businesses in securing federal contracts, obtaining contract financing, generating responses to requests-for-proposals, interpreting bid documents, providing educational workshops and seminars and for the electronic identification and tracking of federal bid opportunities; provided further, that funds expended for the purpose of operating federal procurement technical assistance services within said center shall be subject to the receipt of matching funds from federal or private sources, including the United States Department of Defense; and provided further, that annual expenditure reports shall be filed with the house and senate committees on ways and means
704,286
7007-0801 Microlending
For microlending grants of up to $100,000 to be issued to established Community Development Financial Institutions making direct microenterprise and small business loans to borrowers on a regional basis, as well as providing technical assistance to applicants and borrowers in order to foster business establishment and success; provided, that the funds will be used to support the eligible organization's lending and technical assistance activities
200,000
7007-0802 Year Up
For the Year Up, Inc. program to provide employment, training and job placement through a 1-year program for young urban adults ages 18 to 24 that combines an internship with college credits and a stipend, so long as the program demonstrates at least a 6:1 private match and has a proven record of achieving at least an 80 per cent positive outcome within 6 months after graduation, defined by either a first job earning $30,000 or full-time enrollment in college
100,000
7007-0951 Commonwealth Zoological Corporation
For the operation of the commonwealth zoological corporation pursuant to chapter 92B of the General Laws; provided, that funds appropriated in this item shall be expended for the purposes of promoting private fundraising, achieving self-sufficiency and serving as a catalyst for urban economic development and job opportunities for local residents; provided further, that the corporation shall take all steps necessary to increase the amount of private funding available for the operation of the zoos; provided further, that funding in this item may not be transferred through interdepartmental service agreements; provided further, that the corporation shall report to the house and senate committees on ways and means not later than February 1, 2012, on the status of, and amounts collected from, the private fundraising and enhanced revenue efforts identified in the draft Massachusetts Zoos Business and Operations Plan, dated December 1996; and provided further, that not less than $750,000 shall be expended on a matching program to encourage private and corporate donations to support the Franklin Park Zoo and Stone Zoo
                Massachusetts Tourism Fund ............... 100%
3,500,000

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