Life sciences and climatetech among $4 billion in authorizations; support for small businesses, easing the nursing shortage, Everett stadium zoning, and ticket pricing transparency among policies
BOSTON (11/14/2024)—Today, the Massachusetts Legislature passed a sweeping economic development bill authorizing a nearly $4 billion infusion into the Commonwealth’s economy while making wide-ranging policy changes to make Massachusetts more competitive. Senator Cindy F. Friedman (D-Arlington) voted in favor of the legislation.
The bold investments in H.5100, An Act relative to strengthening Massachusetts’ economic leadership, will stimulate new and proven industries, support workforce development and talent retention, and modernize economic growth strategies. Provisions of the bill will support small businesses, communities, and cultural development, ensuring that businesses Main Streets across the Commonwealth benefit from the economic boost.
“This comprehensive legislation will enhance our infrastructure, schools, public services, and private industry in all corners of the Commonwealth, all while strengthening the workforces that support these areas,” said Senator Friedman, Vice Chair of the Senate Committee on Ways and Means. “I am particularly excited to see Massachusetts enter into the Nurse Licensure Compact and create a pathway for foreign-trained physicians to practice in our state. These two workforce policies will make a tangible impact for hospitals who are struggling to hire and retain trained nurses, and also hospitals in underserved regions who are having trouble attracting physicians. I fundamentally believe that all residents deserve access to health care and public health protections, and this bill addresses challenges seen at the local and regional level.… Read more.