An Act to promote downtown vitality

This bill creates the Downtown Vitality Fund to support local commercial districts and small businesses across Massachusetts. It establishes a new revenue source by allocating 5% of sales tax receipts from remote online retailers to this dedicated fund. The Executive Office of Housing and Economic Development will use these funds to provide grants for establishing and operating district management entities, as well as offering technical assistance to local groups. A new 15-member advisory board will be appointed to guide the fund's priorities, which include supporting small businesses in low-income areas, expanding entrepreneurship for underrepresented communities, and preserving cultural identity. The agency must also submit annual reports to state legislative committees detailing how the grants are dispersed.