Relative to economic development in the commonwealth

What it means

This House Ways and Means version of an economic development bill lets the state borrow up to $441,250,000 for one set of programs and up to $225,000,000 for another. Borrowing items include $300,000,000 for the MassWorks infrastructure program, $75,000,000 for an equipment grant program run by the Executive Office of Education, $50,000,000 each for coastal community grants, coastal dredging grants and the Massachusetts Cultural Facilities Fund, $100,000,000 for costs tied to the Raymond L. Flynn Cruiseport, and $2,500,000 for a new Massachusetts Cybersecurity Innovation Fund. It also sets a tax credit for employers of $4,800 or 50 per cent of wages per qualified apprentice, whichever is less, creates new corporate governance disclosure rules for insurers, sets $1,000,000 a year from fiscal 2019 to 2025 for a Fishing Partnership health project, and orders a study of the autonomous vehicle industry.

Source: official text and history of H.4714 on malegislature.gov. This describes the bill text posted there; amendments may have changed the version that was voted on.