HOUSE DOCKET, NO. 3433        FILED ON: 1/20/2017

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2830

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Antonio F. D. Cabral

_________________

To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act promoting capital investment in targeted employment areas.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

Antonio F. D. Cabral

13th Bristol

1/20/2017

Robert M. Koczera

11th Bristol

 

Barbara A. L'Italien

Second Essex and Middlesex

 

Mary S. Keefe

15th Worcester

 

Linda Dean Campbell

15th Essex

 

Paul A. Schmid, III

8th Bristol

 


HOUSE DOCKET, NO. 3433        FILED ON: 1/20/2017

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2830

By Mr. Cabral of New Bedford, a petition (accompanied by bill, House, No. 2830) of Antonio F. D. Cabral and others relative to the certification of targeted employment area districts in gateway municipalities.  Economic Development and Emerging Technologies.

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninetieth General Court
(2017-2018)

_______________

 

An Act promoting capital investment in targeted employment areas.

 

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

SECTION 1.Section 16G of chapter 6A, as appearing in the 2014 Official Edition, is hereby amended by inserting after subsection (n) the following subsection:-

“(o) Massachusetts EB-5 Authority.

(1) Definitions. In this subsection the term ‘TEA districts’ means ‘targeted employment area’, as defined in 8 C.F.R. 204.6(e).

(2) TEA District Designations.

(i)The secretary may draw TEA districts, subject to the requirements of this subsection.

(ii)In addition to the authority to draw TEA districts, all TEA district designations shall be certified by the secretary—

(A)in accordance with any federal requirements, including 8 U.S.C. § 1153(b)(5) and 8 C.F.R. 204.6(i); and

(B)upon the recommendation of the secretary of the executive office of labor and workforce development.

(iii)The secretary shall prioritize certification of TEA districts  located within a gateway municipality, as defined in section 3A of chapter 23A.

(iv)The TEA district designations, as described in clauses (i) and (ii), shall include—

(A)evidence of such designation, including a description of the boundaries of the geographic or political subdivision; and

(B)the method or methods by which the unemployment statistics were obtained.

(v)The TEA district designations shall be made available to the public.

(3) Authority to Create Regional Center. The secretary may adopt regulations to establish a regional center, as defined in 8 C.F.R. 204.6(e), and impose administrative charges to fund the personnel and operating expenses of the regional center. ”.