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BayStateWorks (BayStateWorks)
Grant program for recruitment and training of workers in health care and related professions. Recapitalized under the Economic Stimulus Bill.
Responsible agency:
Department of Workforce Development (DWD) www.mass.gov/dlwd/
Commonwealth Corporation (CommCorp) www.commcorp.org/
BHE (Board of Higher Education)
Responsible agency:
Administering agency for the Pipeline Fund www.mass.edu/pipeline
Board of Higher Education www.bhe.mass.edu
BRAC (Brownfields Redevelopment Access to Capital Fund)
Funding program to help companies purchase insurance for the cleanup of contaminated properties. Recapitalized under the Economic Stimulus Bill.
Responsible agency:
Department of Business and Technology (DBT) www.state.ma.us/econ/
Massachusetts Business Development Corporation (MBDC) www.mass-business.com
CommCorp (Commonwealth Corporation)
Managing agency for BayStateWorks
Responsible agency:
Department of Workforce Development (DWD) www.mass.gov/dlwd/
Commonwealth Corporation www.commcorp.org/
DBT (Department of Business and Technology)
Responsible agency:
Administering agency for the Brownfields Redevelopment Access to Capital Fund (BRAC)
Department of Business and Technology www.state.ma.us/econ/
DOR (Department of Revenue)
Administering agency for Jobs Incentive Payment Program (JIPP)
Responsible agency:
Department of Revenue www.dor.state.ma.us
DWD (Department of Workforce Development) www.mass.gov/dlwd/
Administering agency for BayStateWorks.
Responsible agency:
Department of Workforce Development (DWD)
www.mass.gov/dlwd/ Commonwealth Corporation www.commcorp.org/
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Economic Stimulus Bill (Chapter 141 of the Acts of 2003)
A 2003 session law enacted by the Massachusetts Legislature, which was intended to stimulate economic development in the state through a variety of loan, grant, and other incentive programs.
ETF (Emerging Technology Fund)
Loan program to leverage private financing for new technology facilities. Recapitalized under the Economic Stimulus Bill.
Responsible agency:
MassDevelopment www.massdevelopment.com
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JAII (John Adams Innovation Institute)
Administering Agency for Regional and Research Center Matching Funds. Newly created under the Economic Stimulus Bill. The JAII is a division of the Massachusetts Technology Collaborative (MTC)
Responsible agency:
John Adams Innovation Institute www.masstech.org
JIPP (Jobs Incentive Payment Program)
Payment program to biotechnology and medical device companies that create new jobs. Newly created under the Economic Stimulus Bill.
Responsible agency:
Department of Revenue (DOR) www.dor.state.ma.us
MassDevelopment (Massachusetts Economic Development Authority)
Administering Agency for the Emerging Technology Fund (ETF)
Responsible agency:
MassDevelopment www.massdevelopment.com
MBDC (Massachusetts Business Development Corporation)
Managing agency for the BRAC Program
Responsible agency:
Department of Business and Technology (DBT) www.state.ma.us/econ/
Massachusetts Business Development Corporation www.mass-business.com
MCDFC (Massachusetts Community Development Finance Corporation)
Administering agency for the Urban Initiative Fund (UI) and
Massachusetts Enterprise Loan Fund (MELF).
Responsible agency:
Massachusetts Community Development Finance Corporation www.mcdfc.com/
MEAAP (Massachusetts Economic Assessment and Analysis Project)
Program to assess the performance of the stimulus programs created under the Economic Stimulus Bill.
Responsible agency:
University of Massachusetts Boston and University of Massachusetts Lowell
MELF (Massachusetts Enterprise Loan Fund)
Loan fund to help businesses expand or retain their workforces. Created by the MCDFC, which was recapitalized under the Economic Stimulus Bill.
Responsible agency:
Massachusetts Community Development Finance Corporation (MCDFC) www.mcdfc.com/
MTC (Massachusetts Technology Collaborative)
A quasi-public agency, which houses the John Adams Innovation Institute.
Responsible agency:
Massachusetts Technology Collaborative www.masstech.org
John Adams Innovation Institute
MTDC (Massachusetts Technology Development Corporation)
Administering agency for the “technology investment fund.”
Responsible agency:
Massachusetts Technology Development Corporation www.mtdc.com
MTTC (Massachusetts Technology Transfer Center)
Organization to facilitate the transfer of technology from research institutions to industries. Newly created under the Economic Stimulus Bill.
Responsible agency:
University of Massachusetts
Massachusetts Technology Transfer Center www.mattcenter.org
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Pipeline (Massachusetts Mathematics, Science, Technology, and Engineering Grant Fund) www.mass.edu/pipeline
Grant fund to increase the number of students and teachers in mathematics, science, technology, and engineering fields. Newly created under the Economic Stimulus Bill.
Responsible agency:
Board of Higher Education (BHE) www.bhe.mass.edu
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Regional Fund (John Adams Innovation Institute Regional Fund)
Grant fund for the development of “technology-intensive clusters.” Newly created under the Economic Stimulus Bill.
Responsible agency:
Massachusetts Technology Collaborative www.mtpc.org
John Adams Innovation Institute
Research Center Matching Fund (John Adams Innovation Institute
Research Center Matching Fund)
Grant fund to provide matching funding for university and nonprofit research. Newly created under the Economic Stimulus Bill.
Responsible agency:
Massachusetts Technology Collaborative www.mtpc.org
John Adams Innovation Institute
S.T.E.M. (Science, Technology, Engineering and Mathematics)
Programs to increase student and teacher participation in fields related to science, technology, engineering, and mathematics.
Responsible agency:
Board of Higher Education www.bhe.mass.edu
Tech invest (Technology investment fund)
Fund for equity investments in start-up technology companies. Recapitalized under the Economic Stimulus Bill.
Responsible agency:
Massachusetts Technology Development Corporation (MTDC) www.mtdc.com
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UI (Urban Initiative Fund)
Loan and grant fund to minority and women-owned businesses for job training and other activities.
Responsible agency:
Massachusetts Community Development Finance Corporation (MCDFC) www.mcdfc.com/
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