Office of Performance Management and Oversight 2020 Annual Report
The Office of Performance Management and Oversight measures the performance of all public and quasi-public entities engaged in economic development. For more information, visit OPMO.
For more information on the Office of Performance Management and Oversight, contact Helena Fruscio Altsman, Mass. Executive Office of Housing and Economic Development, Director - Office of Performance Management and Oversight at email@example.com
All designated agencies are required to submit an annual plan which includes goals and performance measurements to evaluate progress. Agencies covered by the Office of Performance Management and Oversight are actively committed to aligning their efforts with the Commonwealth’s economic development strategy.
The following agencies fall under the Office of Performance Management and Oversight, created by Section 16G of Massachusetts General Law.
MassDevelopment is the Commonwealth’s economic development and finance authority. MassDevelopment is committed to achieving three goals: stimulating business, driving economic growth, and helping communities thrive across Massachusetts. For more information, visit MassDevelopment.
Massachusetts Technology Collaborative (MassTech)
Massachusetts Growth Capital Corporation (MGCC)
Massachusetts Growth Capital Corporation (MGCC) is a small business loan fund providing working capital to small businesses, minority-owned and women-owned businesses, to create and maintain jobs in the Commonwealth. Massachusetts Growth Capital Corporation lends to businesses unable to access credit from traditional lenders or those unable to get additional credit from an existing lender. Each loan is customized to solve a specific financing problem using term loans, lines of credit, partial and limited guarantees, over advances, contract financing, or a combination of these tools. For more information, visit Massachusetts Growth Capital Corporation.
MassVentures a quasi-public corporation that meets capital needs in the Massachusetts innovation economy, providing seed and early-stage venture funding to high growth startups as they move from concept to commercialization. For more information, visit MassVentures.
Massachusetts Life Sciences Center (MLSC)
The Massachusetts Life Sciences Center (MLSC) is an investment agency that supports life sciences innovation, education, research & development, and commercialization. For more information, visit the Life Sciences Center.
Commonwealth Corporation (CommCorp)
Commonwealth Corporation strengthens the skills of Massachusetts youth and adults by investing in innovative partnerships with industry, education and workforce organizations. Commonwealth Corporation designs and executes workforce programs in partnership with businesses, educators, and providers. For more information, visit Commonwealth Corporation.
Massachusetts Clean Energy Center (MCEC)
Massachusetts Clean Energy Center is a state economic development agency dedicated to accelerating the growth of the clean energy sector across the Commonwealth to spur job creation, deliver statewide environmental benefits and to secure long-term economic growth for the people of Massachusetts.
Massachusetts Clean Energy Center works to increase the adoption of clean energy while driving down costs and delivering financial, environmental, and economic development benefits to energy users and utility customers across the state. For more information, visit Mass Clean Energy.
Massachusetts Small Business Development Center (MSBDC / Export Center)
The Massachusetts Small Business Development Center helps businesses succeed in Massachusetts by providing free, confidential, one-to-one business assistance and free or low-cost educational training programs to prospective and existing small businesses throughout the Commonwealth. The Massachusetts Small Business Development Center fosters the start, growth and sustainability of small business by providing high-quality, in-depth advising, training and capital access. Areas of assistance include, but are not limited to: business plan development, preventure feasibility, cash flow analysis, personnel and organizational issues, conventional and non-conventional financing, marketing, international trade, SBIR and government procurement. For more information, visit the Small Business Development Center.
Community Economic Development Assistance Corporation (CEDAC)
The Community Economic Development Assistance Corporation serves as a financial and technical assistance resource to non-profit organizations engaged in effective community development. The Community Economic Development Assistance Corporation is a public-private community development finance institution (CDFI) that provides technical assistance, pre-development, acquisition and permanent lending, and consulting services to non-profit organizations involved in affordable housing development or preservation and capital improvements to child care facilities. These organizations may include community development corporations, non-profit developers, and tenants’ associations. For more information, visit the Economic Development Assistance Corporation.
Massachusetts Convention Center Authority (MCCA)
The Massachusetts Convention Center Authority generates regional economic activity by attracting conventions, trade shows, and other events to its world-class facilities while maximizing the investment return for the residents and businesses in the Commonwealth. For more information, visit Mass. Convention Center.
Massachusetts Cultural Council (MCC)
Massachusetts Cultural Council is a state agency that promotes excellence, education, diversity, and inclusion in the arts, humanities, and sciences to foster a rich cultural life for all Massachusetts residents and contribute to the vitality of our communities and economy. The Massachusetts Cultural Council pursues this mission through a wide range of grants, initiatives, and advocacy for artists, communities, organizations, and schools. We work with partners in government, the cultural community, and across sectors, to increase public and private investment in the arts, humanities, and sciences. For more information, visit Mass. Cultural Council.
Massachusetts Port Authority
Massport operates an integrated transportation system that delivers world-class safety, security, facilities, and customer services in an environmentally responsible manner. The Authority’s facilities include airport properties such as Boston-Logan International Airport, Worcester Regional Airport and Laurence G. Hanscom Field (“Hanscom Field”); maritime properties including the Paul W. Conley Marine Terminal (“Conley Terminal”), the Flynn Cruiseport Boston at the Black Falcon Terminal (“Flynn Cruiseport Boston”), and various maritime and industrial port properties, located in Charlestown, South Boston and East Boston; and various commercial and residential properties, located primarily in South Boston and East Boston. For more information, visit the Port Authority.
Massachusetts Office of Business Development (MOBD)
Massachusetts Office of Business Development (MOBD) serves as the umbrella organization for all business development activity on behalf of the state. The Commonwealth is divided into six regions, each led by a regional Director who reports to the executive director.
MOBD offers a range of expertise and services to help business flourish in Massachusetts. Massachusetts Office of Business Development’s staff operates regionally statewide, so that the agency can provide on-the-ground knowledge and viable connections for businesses. MOBD works closely with the private and public sectors to coordinate a range of resources, including financing opportunities, workforce training and site selection. For more information, visit MOBD.
Massachusetts Office of International Trade and Investment (MOITI)
The Massachusetts Office of International Trade and Investment (MOITI) promotes commerce with global partners in Massachusetts and around the world. The International Trade Office builds successful international partnerships that create economic development and investment. MOITI recruits foreign investors by promoting the strengths of Massachusetts as a premier business and investment destination. MOITI, in coordination with other state and federal agencies, prepares MA-based companies to work in global markets, including the export of goods and services. For more information, visit MOITI.