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Inflation Adjustment
  • CPI: adjusts for changes in the cost of goods and services purchased by consumers
  • IPD: adjusts for changes in the cost of goods and services purchased by governments
  • Economic Growth: adjusts for changes in the size of the state economy (measured in terms of total personal income)
  • None: does not capture changes in the value of a dollar over time.

Economic Development

funding levels adjusted for inflation (cpi)

  • Funding History
Adjusted for inflation (cpi) NOT adjusted
FY19 HWM$139,052,216$139,052,216
FY18$145,985,722$142,739,823
FY17$132,652,831$126,937,368
FY16$159,409,166$149,758,534
FY15$164,739,173$153,733,740
FY14$200,114,210$185,416,666
FY13$125,663,994$114,652,269
FY12$165,824,354$148,788,629
FY11$110,482,343$96,303,818
FY10$123,394,575$105,466,788
FY09$162,541,942$137,572,431
FY08$201,064,604$167,826,896
FY07$490,895,258$395,089,313
FY06$249,276,249$195,544,062
FY05$141,876,068$107,243,052
FY04$161,313,117$118,378,636
FY03$207,726,071$149,148,560
FY02$238,790,750$167,757,499
FY01$306,730,543$211,737,839
  • See Changes in Funding
Between and
Funding for Economic Development
27.4%

comparisons adjusted for inflation (cpi)

Adjusted for inflation (cpi) NOT adjusted
FY19 HWM$139,052,216$139,052,216
FY19 Gov$143,395,725$143,395,725
FY18$145,985,722$142,739,823

funding levels adjusted for inflation (cpi)

  • Active Line Items
  • All Line Items
FY17FY18FY19 GovFY19 HWM
Mass. Cultural Council$14,942,825$14,267,937$13,950,699$13,950,699
Workforce Competitiveness Trust Fund$0$1,022,740$4,000,000$0
Commonwealth Infrastructure Investment Assistance Reserve$10,450,258$10,227,400$13,575,575$13,575,575
Supplier Diversity Office$383,609$375,428$362,517$733,608
Department of Agricultural Resources Administration$5,726,162$5,962,923$5,455,785$4,945,785
Cannabis and Hemp Oversight$0$0$1,241,466$1,241,466
Executive Office of Housing and Economic Development$2,189,325$2,740,183$2,222,026$1,880,224
Summer Jobs Program for At-Risk Youth (YouthWorks)$10,502,510$11,199,003$10,268,500$11,500,000
Housing and Economic Development Info. Tech.$3,217,607$3,148,990$2,762,689$2,762,544
Advanced Manufacturing Workforce Development Grants$1,515,287$1,559,678$3,000,000$0
Manufacturing College$0$0$1,000,000$0
Innovation Institute$522,513$1,022,740$750,000$0
International Trade$0$102,274$0$0
Military Base Promotion$130,628$127,842$126,793$0
Urban Agenda Economic Development Grants$1,567,539$511,370$500,000$500,000
Community Compact Grants$71,192$0$0$0
Small Business Technical Assistance Grant Program$1,045,026$767,055$2,000,000$2,000,000
Workforce Competitiveness Trust Fund$2,299,057$767,055$1,000,000$1,750,000
Learn to Earn$0$255,685$1,000,000$250,000
Downtown Regional Grant Program$0$0$350,000$0
Transformative Development Fund$0$255,685$0$250,000
Working Cities Tech Assistance Grants$522,513$0$0$500,000
Mass. Tech. Collaborative Tech and Innovation Entrepreneurs$0$1,585,247$0$1,500,000
Entrepreneur in Residence Pilot Program$104,503$51,137$50,000$50,000
Big Data Innovation and Workforce Fund$0$511,370$0$500,000
Executive Office of Labor and Workforce Development$816,136$997,221$743,578$687,262
Demonstration Workforce Development Program$261,256$153,411$150,000$500,000
Registered Apprenticeship Expansion$0$0$700,000$0
Department of Labor Standards$2,653,546$3,081,583$3,480,801$2,982,972
Dept. of Labor Standards Licensing Fees Revenue$473,240$463,148$452,850$452,850
Department of Industrial Accidents$20,286,042$20,080,418$20,011,806$19,599,342
Massachusetts Manufacturing Extension Partnership$0$0$0$2,000,000
One Stop Career Centers$3,932,014$4,050,102$3,722,774$3,960,051
Department of Labor Relations$2,333,594$2,428,662$2,618,126$2,349,685
Arbitration and Mediation Retained Revenue$104,503$0$0$0
Joint Labor Management Committee for Municipal Police and Fire$130,628$131,960$129,267$129,267
Massachusetts Service Alliance$1,515,287$3,150,039$1,275,000$1,400,000
Office of Consumer Affairs and Business Regulation$768,326$751,941$1,108,890$1,108,890
Regional Economic Development Grants$418,010$306,822$300,000$0
Massachusetts Office of Business Development$1,619,842$1,579,833$1,546,431$1,544,803
Biotechnology Research Institute$261,256$248,014$242,500$500,000
Small Business Development Center at UMass$1,239,633$1,417,745$1,174,360$1,174,360
Microlending$104,503$102,274$100,000$100,000
Commonwealth Zoological Corporation$4,180,103$4,448,919$4,000,000$4,000,000
Business Export Grants$0$0$200,000$0
Mass. Tech. Collab. Computer Science Education$0$869,329$0$850,000
Small Business Association Layoff Aversion Grant Program$261,256$248,014$242,500$250,000
Massachusetts Office of Travel and Tourism$5,572,774$13,708,128$4,163,176$4,163,176
Local Tourist Councils Financial Assistance$6,270,155$6,136,440$6,000,000$6,000,000
Massachusetts International Trade Council$120,073$112,847$119,033$111,074
Race Horse Development Fund Tax Transfer$0$0$1,499,356$1,499,356
Mass. Tourism Trust Fund Tax Transfer$0$0$599,742$599,742
Workforce Training Fund (Transfer)$24,140,097$25,057,129$24,000,000$24,000,000
Mass Cultural Council Tax Transfer$0$0$1,199,485$1,199,485
FY17FY18FY19 GovFY19 HWM
Mass. Cultural Council$14,942,825$14,267,937$13,950,699$13,950,699
Cultural Resources Act$0$0$0$0
John and Abigail Adams Arts Program$0$0$0$0
Mass. Development Finance Agency$0$0$0$0
Mass Development Small Business Loan Reserve$0$0$0$0
Economic Stimulus Trust Fund$0$0$0$0
Capital Needs Investment Trust$0$0$0$0
Educational Rewards Grant Program$0$0$0$0
Commonwealth Information Technology Initiative$0$0$0$0
Board of Higher Education Scholar-Internship Match$0$0$0$0
Workforce Competitiveness Trust Fund$0$0$0$0
District Local Technical Assistance Fund$0$0$0$0
Workforce Competitiveness Trust Fund$0$1,022,740$4,000,000$0
Mass. Life Sciences Investment Fund$0$0$0$0
Infrastructure Development Fund$0$0$0$0
Mass. Cultural Facilities Fund$0$0$0$0
Mass. Technology Transfer Center$0$0$0$0
Dept. of Business and Technology Grants$0$0$0$0
Social Innovation Financing Trust$0$0$0$0
Historical Preservation Grants$0$0$0$0
Dairy Farmer Reserve$0$0$0$0
Mass. Port Authority Tourism$0$0$0$0
Commonwealth Infrastructure Investment Assistance Reserve$10,450,258$10,227,400$13,575,575$13,575,575
District Local Technical Assistance Fund$0$0$0$0
Historic Preservation Reserve$0$0$0$0
Mass. High Tech Council Grant$0$0$0$0
Mass. Defense Technology Institute$0$0$0$0
MassPort Tourism$0$0$0$0
Supplier Diversity Office$383,609$375,428$362,517$733,608
Commonwealth Zoological Corporation$0$0$0$0
Commonwealth Zoological Corporation$0$0$0$0
Commonwealth Zoological Corporation$0$0$0$0
Department of Agricultural Resources Administration$5,726,162$5,962,923$5,455,785$4,945,785
Cannabis and Hemp Oversight$0$0$1,241,466$1,241,466
Agricultural Innovation Center$0$0$0$0
Aquaculture Development$0$0$0$0
Commonwealth Zoological Corporation$0$0$0$0
Department of Labor$0$0$0$0
Executive Office of Housing and Economic Development$2,189,325$2,740,183$2,222,026$1,880,224
Summer Jobs Program for At-Risk Youth (YouthWorks)$10,502,510$11,199,003$10,268,500$11,500,000
Permitting Technical Grants$0$0$0$0
Housing and Economic Development Info. Tech.$3,217,607$3,148,990$2,762,689$2,762,544
Advanced Manufacturing Workforce Development Grants$1,515,287$1,559,678$3,000,000$0
Local Capital Projects Program$0$0$0$0
Advanced Manufacturing Futures Program$0$0$0$0
Mass. Life Sciences Center$0$0$0$0
Manufacturing College$0$0$1,000,000$0
Innovation Institute$522,513$1,022,740$750,000$0
International Trade$0$102,274$0$0
Military Base Promotion$130,628$127,842$126,793$0
Urban Agenda Economic Development Grants$1,567,539$511,370$500,000$500,000
Community Compact Grants$71,192$0$0$0
Small Business Technical Assistance Grant Program$1,045,026$767,055$2,000,000$2,000,000
Wireless Broadband Affairs Director$0$0$0$0
Executive Office of Labor and Workforce Development$0$0$0$0
Apprentice Training Program$0$0$0$0
Labor and Workforce Development Info. Technology$0$0$0$0
Division of Occupational Safety$0$0$0$0
Asbestos Abatement and Deleading Services Revenue$0$0$0$0
Occupational Hygiene Program$0$0$0$0
Division of Industrial Accidents$0$0$0$0
Labor Relations Commission$0$0$0$0
Joint Labor-Management Committee$0$0$0$0
Board of Conciliation and Arbitration$0$0$0$0
Division of Labor Relations$0$0$0$0
Arbitration and Mediation Retained Revenue$0$0$0$0
Workforce Competitiveness Trust Fund$2,299,057$767,055$1,000,000$1,750,000
Learn to Earn$0$255,685$1,000,000$250,000
Downtown Regional Grant Program$0$0$350,000$0
MassVentures Operations$0$0$0$0
Transformative Development Fund$0$255,685$0$250,000
Working Cities Tech Assistance Grants$522,513$0$0$500,000
Parking Management Plan Grants$0$0$0$0
Mass. Tech. Collaborative Tech and Innovation Entrepreneurs$0$1,585,247$0$1,500,000
Entrepreneur in Residence Pilot Program$104,503$51,137$50,000$50,000
Big Data Innovation and Workforce Fund$0$511,370$0$500,000
North Shore InnoVentures$0$0$0$0
Digital Health Internship Incentive Fund$0$0$0$0
Electricity Deregulation Supplemental Unemployment Insurance$0$0$0$0
Executive Office of Labor and Workforce Development$816,136$997,221$743,578$687,262
Demonstration Workforce Development Program$261,256$153,411$150,000$500,000
Registered Apprenticeship Expansion$0$0$700,000$0
Labor and Workforce Development Info. Technology$0$0$0$0
Department of Labor Standards$2,653,546$3,081,583$3,480,801$2,982,972
Dept. of Labor Standards Licensing Fees Revenue$473,240$463,148$452,850$452,850
Re-Employment Assistance$0$0$0$0
Economic Stabilization Trust$0$0$0$0
Department of Industrial Accidents$20,286,042$20,080,418$20,011,806$19,599,342
Manufacturing Assistance$0$0$0$0
Direct Care Workforce Development Contract$0$0$0$0
Summer Jobs Program$0$0$0$0
Health Care Career Ladder Programs$0$0$0$0
Mass. Manufacturing Extension Partnership$0$0$0$0
Massachusetts Manufacturing Extension Partnership$0$0$0$2,000,000
Commonwealth Corporation Grants$0$0$0$0
Workforce Training Fund$0$0$0$0
Individual Training Grants$0$0$0$0
Racetrack Employee Re-Training$0$0$0$0
Just-A-Start Biotech Training$0$0$0$0
One Stop Career Centers$3,932,014$4,050,102$3,722,774$3,960,051
Mass. Workforce Professionals Association$0$0$0$0
Welfare-To-Work Skills Plus$0$0$0$0
Department of Labor Relations$2,333,594$2,428,662$2,618,126$2,349,685
Summer Jobs Program for At-Risk Youth$0$0$0$0
Arbitration and Mediation Retained Revenue$104,503$0$0$0
Joint Labor Management Committee for Municipal Police and Fire$130,628$131,960$129,267$129,267
Workforce Development Initiative$0$0$0$0
Massachusetts Service Alliance$1,515,287$3,150,039$1,275,000$1,400,000
Small Business Association Layoff Aversion Program$0$0$0$0
Workforce Development Tracking$0$0$0$0
DES Youth Service And Conservation Corps$0$0$0$0
Commonwealth Development Coordinating Council$0$0$0$0
Grants to Municipalities$0$0$0$0
Municipal Economic Development$0$0$0$0
Community Development Action Grant$0$0$0$0
Quincy Center Revitalization$0$0$0$0
Economic Grants to Municipalities$0$0$0$0
Management Incentive Grants$0$0$0$0
Community Investment Grant Program$0$0$0$0
Grant to Worcester - CitySquare Project$0$0$0$0
Worcester Medical City Grant$0$0$0$0
Non-Fed Aided Urban Renewal$0$0$0$0
Urban Revitalization and Development$0$0$0$0
Office of Consumer Affairs and Business Regulation$768,326$751,941$1,108,890$1,108,890
Comprehensive Document Imaging System$0$0$0$0
Precision Manufacturing Pilot$0$0$0$0
Department of Business and Technology$0$0$0$0
Mystic Valley Economic Development$0$0$0$0
Regional Economic Development Grants$418,010$306,822$300,000$0
Mass. Opportunity Relocation and Expansion Program$0$0$0$0
BRAC Program MBDC$0$0$0$0
Brownfields Redevelopment Fund$0$0$0$0
Mass. Business to Business Program$0$0$0$0
Massachusetts Office of Business Development$1,619,842$1,579,833$1,546,431$1,544,803
In-State Sales Force$0$0$0$0
Office of Small Business and Entrepreneurship$0$0$0$0
Manufacturing Initiatives$0$0$0$0
Mass. Manufacturing Extension Partnership$0$0$0$0
Mass. Office of Business Development Grants$0$0$0$0
Biotechnology Research Institute$261,256$248,014$242,500$500,000
Mass. Manufacturing Extension Partnership$0$0$0$0
Economic Development Grants$0$0$0$0
Devens Progress Review$0$0$0$0
Small Business Development Center at UMass$1,239,633$1,417,745$1,174,360$1,174,360
Microlending$104,503$102,274$100,000$100,000
Year Up$0$0$0$0
Mass. Office of Travel and Tourism$0$0$0$0
Mass. Sports and Entertainment Commission$0$0$0$0
UMass Boston Venture Development Center$0$0$0$0
Local Travel and Tourism Grants$0$0$0$0
Commonwealth Zoological Corporation$0$0$0$0
Commonwealth Zoological Corporation$4,180,103$4,448,919$4,000,000$4,000,000
Mass. Office of Travel and Tourism Competitive Grants$0$0$0$0
Mass. Film Office$0$0$0$0
Local Tourist Councils Financial Assistance$0$0$0$0
MassDevelopment Reserve II$0$0$0$0
Business Export Grants$0$0$200,000$0
Mass. Technology Collab./Mass. Technology Park Corp.$0$0$0$0
Mass. Tech. Collab. Computer Science Education$0$869,329$0$850,000
Mass. International Trade Council$0$0$0$0
MassDevelopment Reserve$0$0$0$0
State Office of Minority and Women Business Assistance$0$0$0$0
Small Business Association Layoff Aversion Grant Program$261,256$248,014$242,500$250,000
Mass. Office of Travel and Tourism$0$0$0$0
Mass. Technology Development Corporation$0$0$0$0
Mass. Technology Park Corporation$0$0$0$0
Westfield - Engineering and Infrastructure Improvements$0$0$0$0
Massachusetts Office of Travel and Tourism$5,572,774$13,708,128$4,163,176$4,163,176
Anniversary Celebrations$0$0$0$0
Local Tourist Councils Financial Assistance$6,270,155$6,136,440$6,000,000$6,000,000
Mass Office of Travel and Tourism International Marketing$0$0$0$0
Massachusetts International Trade Council$120,073$112,847$119,033$111,074
Alternative and Clean Energy Investment Trust$0$0$0$0
Brownfields Redevelopment Fund$0$0$0$0
Emerging Technologies Fund$0$0$0$0
Mass. Research Center Matching Fund$0$0$0$0
Smart Growth Housing Trust$0$0$0$0
Race Horse Development Fund Tax Transfer$0$0$1,499,356$1,499,356
Mass. Tourism Trust Fund Tax Transfer$0$0$599,742$599,742
Workforce Training Fund (Transfer)$24,140,097$25,057,129$24,000,000$24,000,000
Mass Cultural Council Tax Transfer$0$0$1,199,485$1,199,485