Consolidated Amendment #K to H.4100

Consolidated Amendment "K" to H4100

Business and Economic Development

Fiscal Note: $8,791,620

Amendment 267 has been re-categorized from Housing and Social Services.

Amendment 837 has been re-categorized from Education and Local Aid.

Amendment 697 has been re-categorized to Constitutional Officers and State Administration.

Amendments from Business and Economic Development: 9, 52, 72, 91, 93, 94, 96, 114, 163, 175, 176, 204, 206, 221, 237, 244, 251, 254, 258, 260, 261, 263, 264, 266, 267, 269, 270, 271, 273, 284, 288, 289, 292, 294, 303, 306, 307, 310, 311, 315, 319, 320, 325, 338, 339, 387, 390, 391, 393, 404, 411, 425, 435, 463, 464, 476, 523, 536, 539, 563, 567, 568, 627, 676, 713, 719, 757, 769, 787, 807, 823, 826, 837 and 866

Mr. Dempsey of Haverhill and others move to amend H 4100 in section 2, in line item 7002-0012, by striking out the figure: “6,915,087” and inserting in place thereof the following figure: $8,609,158

And further amend the bill in section 2, in line item 7002-0017, by striking out the figure “2,796,246” and inserting in place thereof the following figure: $2,952,761.

And further amend the bill in section 2, in line item 7003-0100, by striking out the figure: “$437,278” and inserting in place thereof the figure: $758,649

And further amend the bill in section 2, in line item 7003-0200, by striking out the figure “$1,283,716” and inserting in place thereof the figure: $2,026,178.

And further amend the bill in section 2, in line item 7003-0803, by striking out the figure “$4,480,122” and inserting in place thereof the figure $4,752,323.

And further amend the bill in section 2, in line item 7003-1206, by inserting after “organizations” the following: ; provided, that not less than $250,000 shall be expended for the New England Farm Workers Council; provided further, that the Urban League of Eastern Massachusetts shall receive 50 per cent of the amount appropriated in chapter 68 of the acts of 2011 and that the remainder of said amount be expended for the Urban League of Springfield, Massachusetts; and provided further, that not less than $25,000 shall be expended for programs supporting and promoting cultural heritage diversity, and education in the city of Boston that were in item 7007-0900 in chapter 182 of the acts of 2008

And in said item by striking out the figure: “$500,000” and inserting the figure: $1,525,000.

And further amend the bill in section 2, by inserting after item 7006-0071, the following item:

7007-0150 For the Massachusetts office of business development for contracts with regional economic development organizations under the program established by section 3J and 3K of chapter 23A of the General Laws...................................................................................... $850,000

And further amend the bill in section 2, in line item 7007-0300, by striking out the following: “including the MassWorks Capital Infrastructure Program,”

And further amend the bill in section 2, in line item 7007-0800, by inserting after “technical assistance services within said center;” the following: “provided further, that no less than $25,000 each shall be expended for the Winthrop and Revere Chambers of Commerce, respectively, for the purpose of small business development;” and by striking out the figure: “1,204,286” and inserting in place thereof: “$1,254,286”

And further amend the bill in section 2, by inserting after item 7007-0800, the following item:

“7007-0801 For microlending grants of up to $100,000, to be issued to established Community Development Financial Institutions and Community Advantage Lenders making direct microenterprise and small business loans to borrowers on a regional basis, as well as providing technical assistance to applicants and borrowers in order to foster business establishment and success, provided that the funds will be used to support eligible organization’s lending and technical assistance activities………………………………….…..$200,000”

And further amend the bill in section 2, in line item 7007-0952 by striking out the figure: “3,500,000 and inserting in place thereof: $3,750,000.

And further amend the bill in section 2, in line item 7008-0900, by inserting after “commonwealth;” in line 3, the following: provided further, that no less than $200,000 shall be expended as grants for the Bay State Games; provided further, that no less than $250,000 shall be expended as matching grants to the Plymouth 400th Committee for the commemoration of the town of Plymouth’s 400th anniversary; provided further that no less than $25,000 shall be expended as grants for business assistance organizations in the city of Haverhill that were in item 7007-0900 in chapter 182 of the acts of 2008; provided further, that no less than $250,000 shall be expended for a matching grant program to the Enrichment Center located in Mattapan; provided further that no less than $50,000 shall be provided to the Grand Army of the Republic Historical Museum in Lynn; provided further, that no less than $200,000 shall be expended for opening the 11 Visitor Information Centers from Memorial Day to Columbus Day; provided further, that no less than $75,000 shall be expended for the Waltham Tourism Council; provided further, that no less than $30,000 shall be expended for a child safety grant in the town in Saugus; provided further, that no less than $100,000 shall be expended for a senior safety grant in the town of Newburyport; provided further, that not less than $25,000 shall be expended for the Town of Pembroke’s 300th Anniversary; provided further, that not less than $25,000 shall be expended for the Town of Duxbury’s 375th Anniversary;

And in said item by striking out the figures: $1,822,454” and inserting the figures: “$3,052,454”.

And further amend the bill in section 2, in line item 7008-1000, by striking out the figure: “$4,000,000” and inserting in place thereof the figure: $6,000,000

And further amend the bill by adding the following sections:-

SECTION XX. Chapter 23A of the General Laws, as appearing in the 2010 Official Edition, is hereby amended by inserting after section 10A the following new section:-

Section 10B. (a) There shall be established and set upon the books of the commonwealth a separate fund to be known as the Student Entrepreneurial Development and Economic Investment Fund, hereinafter referred to as the Student Investment Fund, to which shall be credited any appropriations, bond proceeds, or other monies authorized by the general court and specifically designated to be credited thereto and additional funds designated for deposit to the student investment fund, including any pension funds, federal grants or loans, or private donations made available to the secretary of economic development. The secretary of economic development shall hold the student investment fund in an account separate from other funds or accounts. Amounts credited to the student investment fund shall be available to the investment board as established in subsection (b) to carry out the purposes of subsection (c).

(b) The investment board shall consist of the following members: the secretary of economic development or his designee, who shall serve as the chairperson of the board; the chairman of the board of higher education or his designee, who shall serve as the vice-chairperson of the board; the president of the Massachusetts technology development corporation, or his designee; the executive director of commercial ventures and intellectual property, or his designee; two private Massachusetts-based investors to be chosen by the chairperson in consultation with the president of the Massachusetts technology development corporation; one student representative selected by the university of Massachusetts representative to the board of higher education; one student representative selected by the state college representative to the board of higher education; and one student representative selected by the community college representative to the board of higher education. The chairman of the board of higher education shall establish a student application program to aid the representatives of the board of higher education in the selection of student members to the board.

Five members of the board shall constitute a quorum and the affirmative vote of five members shall be necessary for any action taken by the board. No vacancy in the membership of the board shall impair the right of a quorum to exercise all the rights and perform all the duties of the board.

(c) The purpose of the student investment fund shall be to provide an opportunity for interested students to gain experience in entrepreneurialism and early-stage business development while fostering an economic environment that will attract students to the commonwealth and forge a relationship between the public higher education system and the Massachusetts business community with the intent of driving economic growth. Funds made available to the student investment board from the student investment fund shall be used for a grant program administered by the board for prototype funding of Massachusetts’ student ideas in early development stages; provided however, that the development of such ideas, plans, or business occur within the commonwealth. The secretary of economic development shall promulgate rules regarding the enforcement and penalties for recipients who relocate outside of the commonwealth. The board shall not be limited in the number of grants distributed to students in any 1 year; provided however, that the total monetary amount of all grants distributed by the board in a fiscal year shall not exceed 20 per cent of the fund’s first year balance. The board shall hold periodic hearings to allow selected students, who have submitted a statement of interest and initial business plan, the opportunity to present a comprehensive business plan describing characteristics and proprietary positions of the student’s product or services; present and future markets for such products or services; potential strategies for the future development and funding of the prototype product or service; a statement of amount, timing and projected use of the capital sought by the student; and a statement of the projected growth in employment or other positive economic impacts. Comprehensive business plans may be written and reviewed in consultation with the Massachusetts technology transfer center at the University of Massachusetts.

(d) The board shall, by January 1 of each year, submit a report of its activities for the preceding fiscal year to the governor, the joint committee on economic development and emerging technologies, and the clerks of the house of representatives and senate. Each report shall set forth a complete financial statement covering its operation during the year and shall also include any requests for additional appropriations.

SECTION XX. Section 1 of chapter 30B of the General Laws, as appearing in the 2010 Official Edition, is hereby amended by striking out, in lines 87 through 88, paragraph (31) of subsection (b) in its entirety.

SECTION XX. Section 2 of chapter 354 of the acts of 2008 is hereby amended by striking the figure “2012” and inserting in place thereof the figure:- 2016