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2003 Economic Stimulus Bill Programs
(Chapter 141 of the Acts of 2003--PDF)
2006 Economic Stimulus Bill Programs
(Chapter 123 of the Acts of 2006--PDF)
| Agency |
Stimulus program |
Total appropriated under 2003 Economic Stimulus Bill |
Total appropriated under 2006 Economic Stimulus Bill |
Number / details of projects funded |
Total loan amts approved |
Total grant amts approved |
Total new jobs created/
pro-jected |
| Totals |
|
$82,400,000 |
$150,920,087 |
|
$34,079,615 |
$55,996,326 |
12,215 |
| Department of Higher Education |
Mass Mathematics, Science, Technology, and Engineering Grant Fund
(STEM Pipeline Fund) |
$2,500,000 |
$4,000,000 (1) |
Funds approved for 50 student STEM enrichment, teacher profes-
sional development, and other programs |
* |
$7,282,757 |
* |
| Department of Higher Education |
Scholar/Intern-
ship Match Fund |
* |
$2,500,000 |
** |
* |
** |
** |
Department of Workforce Development
Department of Higher Education |
Educational Rewards Grant Program Fund |
* |
$1,500,000 |
** |
* |
** |
** |
| Donahue Institute, UMASS |
CITI Fund (2) |
* |
$1,000,000 |
** |
* |
** |
** |
Dept of Business and Technology
Massachusetts Business Development Corporation |
Brownfields Redevelopment Access to Capital Program |
$6,000,000 |
* |
Insurance subsidies provided to 115 cleanup/
redevelopment projects |
* |
$1,708,287 (3) |
8,870 |
MassDevelop-
ment |
Brownfields Redevelopment Fund |
* |
$30,000,000 |
** |
** |
** |
** |
| Dept of Business and Technology |
Small business grants |
* |
$2,000,000 |
** |
* |
** |
** |
| Department of Revenue |
Jobs Incentive Payment Program (4) |
* |
* |
Incentive payments approved to 5 companies |
* |
$35,838 |
138 |
Dept of Workforce Development
Commonwealth Corporation |
BayStateWorks |
$6,000,000 |
* |
Grants provided to 18 partner-ships |
* |
$5,370,976 |
244
(5) |
Dept of Workforce Development
Commonwealth Corporation |
Workforce Competitiveness Trust Fund training programs |
* |
$11,000,000 |
Grants approved for 20 programs |
* |
$6,989,819 |
854 |
Dept of Workforce Development
Board of Education |
Workforce development programs |
* |
$9,364,087 (6) |
Grants approved for 16 School-to-Career Connecting Activities and 9 CS-Squared programs |
* |
$7,344,188 |
* |
| Massachusetts Technology Collaborative |
Grants to promote defense-industry related development in Southeastern Mass. |
* |
$3,000,000 |
** |
* |
** |
** |
| John Adams Innovation Institute |
Regional Fund |
$15,000,000 |
* |
15 grants approved |
* |
$1,716,819 |
* |
| John Adams Innovation Institute |
Research Center Matching Fund |
$20,000,000 |
$10,000,000 |
Grants approved for 17 projects, 10 of which obtained required federal funds |
* |
$18,286,191 |
* |
| Massachusetts Community Development Finance Corp |
MCDFC loans
(7)
|
$1,000,000 |
* |
30 loans approved to companies and other organizations |
$7,420,000 |
* |
50 |
| Mass Technology Development Corporation |
Technology investment fund |
$5,000,000 |
$2,500,000 |
Investments made in 9 companies |
* |
$5,736,451 (8) |
517 |
| MassDevelop-ment |
Emerging Technology Fund |
$25,000,000 |
$10,000,000 |
18 loans and 1 mortgage insurance guaranty approved |
$26,659,615 |
* |
1,442 |
| University of Mass |
Mass Technology Transfer Center |
$1,900,000 |
$2,500,000 |
11 Partnering/
Investment forums held;10 seminars on tech transfer held
|
* |
$1,525,000 |
* |
Massachusetts Manufac-
turing Extension Partnership |
Training for small and mid-size manufac-
turing companies |
* |
$1,556,000 (9) |
20 companies trained in "lean manufacturing" methodologies |
** |
** |
100 |
Research and Manufac-
turing Centers |
UMass Lowell Nanotech Center
UMass Boston Venture Development Center
Mass Life Sciences Center
UMass Dartmouth Bio-processing Facility |
* |
$60,000,000 (10) |
** |
** |
** |
** |
| Totals |
|
$82,400,000 |
$150,920,087 |
|
$34,079,615 |
$55,996,326 |
12,215 |
| Agency |
Stimulus program |
Total appropriated under 2003 Economic Stimulus Bill |
Total appropriated under 2006 Economic Stimulus Bill |
Number / details of projects funded |
Total loan amts approved |
Total grant amts approved |
Total new jobs
created/pro-jected |
Data involve transactions conducted from January 2004, following enactment of the 2003 Economic Stimulus Bill, to April 2008. Data for individual programs are updated when provided by the administering agencies. Some Fact Sheets for programs created under the 2006 Economic Stimulus Bill (listed in columns 2 and 4 in table above) have not yet been developed.
MEEAP is tracking programs that are funded or authorized under the 2003 and 2006 Economic Stimulus Bills and that appear to have the advancement of economic development in an area or region as a major intended outcome. Those include programs intended to promote high technology and other forms of research and development, programs to bolster the workforce through job training and education, programs to help small businesses in economically distressed areas, and programs to fund the environmental cleanup of properties in order to develop them economically.
* Not applicable ** Not yet available *** Not disclosed
Note 1: The STEM Pipeline Fund received an additional $4,000,000 appropriation under the Fiscal Year 2008 state budget (Chapter 61 of the Acts of 2007, section 62).
Note 2: The CITI Fund program was previously administered by the Board of Higher Education as part of the Massachusetts Mathematics, Science, Engineering, and Technology Fund (the STEM Pipeline Fund), under the 2003 Economic Stimulus Bill.
Note 3: This amount represents insurance subsidies approved under the BRAC program.
Note 4: The Jobs Incentive Payment Pogram was created under the 2003 Economic Stimulus Bill and expanded under the 2006 Economic Stimulus Bill.
Note 5: This amount represents job vacancies filled under BayStateWorks programs.
Note 6: This amount includes three separate appropriations in the 2006 Economic Stimulus Bill for workforce development programs to be administered jointly by the Department of Workforce Development and the Board of Education (Sections 91 and 92 of the 2006 Economic Stimulus Bill).
Note 7: The 2003 Economic Stimulus Bill authorized the transfer of all assets of the former Urban Initiative Fund to the MCDFC. Those assets totaled approximately $1.6 million. The Bill also appropriated an additional $1 million to recapitalize the MCDFC. Those funds have been used to support the the lending activities of the agency.
Note 8: This amount represents venture capital investments in start-up companies by the Massachusetts Technology Development Corporation.
Note 9: MassMEP reported that actual economic stimulus funding received by MassMEP in Fiscal Year 2007 totaled $556,000.
Note 10: This amount includes four separate appropriations in the 2006 Economic Stimulus Bill for the listed research and manufacturing centers (Sections 2A, 2B, 24, and 103 of the 2006 Economic Stimulus Bill).
 PRINT: Overview
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