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Patrick Signs Massachusetts Economic Development Bill
Posted by Tarra Curran on Tue, Aug 26, 2014 @ 09:29 AM

On August 13, 2014 Massachusetts Governor Deval Patrick signed a $77.8 million economic development bill focused on investments in education, innovation and infrastructure. The new law expands the research and development tax credit, creates multiple initiatives to accelerate job growth and promotes the economic revitalization of the Commonwealth’s Gateway Cities through a $15 million shot in the arm for the Gateway Cities Transformative Development Fund. 

In announcing the passage of H.4377, An Act To Promote Economic Growth in the Commonwealth, Patrick said, “In important ways, this legislation improves existing tools and provides a few new ones to continue our strong job growth, and I thank the Legislature for being so responsive. At the same time, we have unfinished business, so I am filing further legislation today to give innovators and municipalities all the tools they need to grow jobs and opportunity.”

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Topics: Tarra Curran, Massachusetts, Economic Development Bill, alert

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