An Act relative to economic development in the commonwealth

This bill establishes a multi-year funding program administered by the Executive Office of Economic Development to support various sectors of the Massachusetts economy. The legislation allocates millions of dollars in grants to private businesses for constructing green facilities, developing artificial intelligence technologies, and creating new jobs, while also providing funds for defense innovation, food science, robotics research, and local downtown revitalization. A key requirement for most grants is that they must be awarded in a way that promotes geographic equity across the state. The funds are available until June 30, 2036, and can be administered by the executive office or contracted to existing state agencies.