Representative Dru Tarr

House Passes Economic Development and Competitiveness Bill to Strengthen Massachusetts Economy

The Massachusetts House of Representatives today passed a $561 million bond bill that strengthens key innovation sectors, supports small businesses, expands housing opportunities, and positions the Commonwealth for long-term economic growth and competitiveness. The legislation makes targeted updates across dozens of state programs to improve efficiency, encourage investment, reduce barriers to economic development, and better prepare Massachusetts for emerging industries and workforce needs.

“This legislation will bolster the Commonwealth’s competitiveness by expanding the housing supply, by safeguarding critical institutions and jobs, by attracting new investments, and by positioning Massachusetts for long-term economic success,” said House Speaker Ronald J. Mariano (D-Quincy). “As the Commonwealth continues to navigate a housing crisis, the reforms in this legislation will help to increase housing production – a prerequisite for bringing costs down. I want to thank Chair Michlewitz, Chair Fiola, Chair Finn, and all my colleagues in the House for working to ensure that this legislation delivers for Massachusetts residents.”

“This well-rounded economic development package makes significant, targeted investments into major sectors of the Commonwealth’s economy. By advancing this legislation we will be helping our small businesses cope with an ever-changing economic picture, while also making key advances for housing developments and protections across the Commonwealth,” said Representative Aaron Michlewitz, Chair of the House Committee on Ways & Means (D-Boston). “I want to thank Speaker Mariano for his leadership on this issue, and Chair Fiola for her hard work in getting this legislation to where it is today. Finally, I’m grateful to each of my House colleagues for their thoughtful input, and for voting to advance this critical legislation.”

“I would like to thank Speaker Mariano and Chair Michlewitz for their efforts in advancing this economic development package. I am proud of the House’s work to advance legislation that positions the Commonwealth for continued long-term economic success,” said Representative Carole A. Fiola (D-Fall River), House Chair of the Joint Committee on Economic Development and Emerging Technologies. “This legislation reflects Massachusetts’ commitment to building an economy that is innovative, competitive and inclusive. By investing in housing, supporting entrepreneurs and small businesses, strengthening our innovation ecosystem, and preparing for emerging industries like artificial intelligence, Agtech, and the defense sector, we are making strategic investments that will create jobs and expand opportunity across every region of the Commonwealth. Just as importantly, this bill gives our cities and towns new tools to address local challenges, helps safeguard our economy against federal uncertainty, and ensures Massachusetts remains the best place to start a business, grow a company, and bring new ideas to market.”

“The MassWINS Act builds on the momentum of the Mass Leads Act and delivers real tools for communities, from supporting small business growth to investing in emerging sectors that will play a pivotal role in the Commonwealth’s economic future,” said Representative Michael J. Finn (D-West Springfield), House Chair of the Joint Committee on Bonding, Capital Expenditures and State Assets. “Massachusetts has always led with talent and ideas, and this bill ensures we keep that edge in robotics, AI, and the industries of tomorrow, while making it easier and more affordable to do business here at home today. I want to thank Speaker Mariano and Chair Michlewitz for bringing this important legislation forward.”

Among its most significant provisions, the legislation:

The bill includes $561 million in capital authorizations, such as:

Having passed the House of Representatives 148-2, the bill now goes to the Senate for consideration.