This is not the official budget document.

Budget Summary FY2017

70070800 - Small Business Development Center at UMass
Data Current as of:  8/9/2016





Account Description FY2016
Spending
FY2017
GAA
7007-0800 Small Business Development Center at UMass
For a state matching grant for the small business development center; provided, that no funds shall be expended from this item until 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 the center; provided further, that not more than $300,000 from this item shall be expended for federal procurement technical assistance services within the 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 federal procurement technical assistance services within the center shall be subject to the receipt of matching funds from federal or private sources, including the United States Department of Defense; provided further, that annual expenditure reports shall be filed with the house and senate committees on ways and means; provided further, that not less than $200,000 shall be expended for a matching grant program to be administered by the Lowell Development and Financial Corporation that shall match program funds to start-up companies that have left an incubator or accelerator within the previous 12 months and seek to lease or rent office or laboratory space within the city of Lowell; and provided further, that the Lowell Development and Financial Corporation shall award funds to companies who have secured private matching funds from landlords or other sources to assist in rent or lease payment

1,186,222 1,386,222

Veto Explanation:   I am striking language which earmarks funding for a program not recommended. The reduction in the item incorporates the amount of the stricken earmarked funds.