Includes $1 million for Dennis, $200k for Barnstable and more...
State Rep. Tim Whelan (R-Brewster)
BOSTON – State Representative Timothy Whelan (R-Brewster) announced today that he has secured funding authorization for two local projects as part of House Bill 4714, and Economic Development Bond Bill. This broad reaching bill aims to help municipalities and local business and education organizations enhance commerce and job opportunity across the Commonwealth as well as secure critical coastal infrastructure.
Amendments #63 and #85 were filed by Representative Whelan to H.4714 and provide funding authorization for $1 million to the Town of Dennis to support costs associated with the dredging of Sesuit Harbor and $200,000 to the Town of Barnstable to be used toward drainage repair and improvements in the Commerce Road and Blish Point section of Barnstable.
“These are very important first steps in bringing state support to important projects in the 1st Barnstable District”, Rep. Whelan said. “I have been working closely with Town government in Dennis and Barnstable, as well as neighborhood residents in Blish Point, on these important issues and I thank them for their advocacy. I look forward to the work ahead on funding these items and am already in contact with Senator Cyr’s office in order to ensure success in the Senate.”
House Bill 4714 also authorizes $666 million in state borrowing to enhance economic opportunities throughout the Commonwealth, including:
- $300 million for the MassWorks Infrastructure Program, which provides public infrastructure funding for municipalities to support economic development and job creation;
- $75 million in competitive grant funding for community colleges and innovation centers to establish, upgrade, and expand technical education and training programs for regional economic and workforce development priorities;
- $12.5 million for the Massachusetts Technology Development Corporation/MassVentures to provide competitive grants to growing Massachusetts-based companies seeking to commercialize technologies developed with the assistance of Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) grants from the federal government;
- $1.25 million for the Massachusetts Growth Capital Corporation to provide matching grants to help community development financial institutions and community development corporations leverage federal or private investments for small business loans;
- $50 million to help the Massachusetts Cultural Facilities Fund advance tourism by supporting capital improvements to cultural facilities and preserving the state’s cultural resources;
- $50 million in matching grants to support dredging projects in coastal communities to promote job creation, increase commercial activity, revitalize downtown areas, and advance other economic goals;
- an additional $50 million in grants for coastal communities, through the Seaport Economic Council, to stimulate economic development and job creation in the maritime economy sector; and
- $25 million in matching grants to allow higher education institutions to participate in and receive federal funding through Manufacturing USA.
The economic development bond bill now moves to the Senate for further action.