Budget Amendment ID: FY2016-S3-387

ECO 387

Working Cities

Messrs. Humason, deMacedo, Tarr and Ross moved that the proposed new text be amended in section 2, by inserting, after item 7002-1075, the following item:-

“7002-1506 For competitive technical assistance grants to be administered by the executive office of housing and economic development, in coordination with the Federal Reserve Bank of Boston, to provide multi-year support to initiatives that advance cross-sector collaboration among the public, private and non-profit sectors; provided, that, in order to qualify for funding, a project proposal shall catalyze and accelerate initiatives that create new or stronger working relationships between key institutions, agencies, organizations and businesses within municipalities with: (a) a population of greater than 35,000 and less than 250,000; (b) a median family income that is below the median of those similarly-sized municipalities; and (c) a median poverty rate that is above the median for those similarly-sized municipalities; provided further, that the Federal Reserve Bank of Boston shall identify additional program eligibility requirements; and provided further, that the private sector and other institutions shall contribute to this program an amount that is at least equal to the total state appropriation for this program …. $500,000”