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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
FY20 Gov$197,496,175$197,496,175
FY19$192,120,824$187,679,339
FY18$149,058,031$142,289,823
FY17$135,965,013$126,937,368
FY16$163,385,152$149,758,534
FY15$168,848,686$153,733,740
FY14$196,809,432$177,916,666
FY13$128,794,183$114,652,269
FY12$169,958,137$148,788,629
FY11$113,236,522$96,303,818
FY10$126,470,639$105,466,788
FY09$166,593,898$137,572,431
FY08$206,076,878$167,826,896
FY07$503,132,629$395,089,313
FY06$255,490,376$195,544,062
FY05$145,412,851$107,243,052
FY04$165,334,440$118,378,636
FY03$212,904,408$149,148,560
FY02$244,743,488$167,757,499
FY01$314,376,931$211,737,839
  • See Changes in Funding
Between and
Funding for Economic Development
6.8%

comparisons adjusted for inflation (CPI)

Adjusted for inflation (CPI) NOT adjusted
FY20 Gov$197,496,175$197,496,175
FY19$192,120,824$187,679,339

funding levels adjusted for inflation (CPI)

  • Active Line Items
  • All Line Items
FY17FY18FY19FY20 Gov
Mass. Cultural Council$15,315,929$14,614,283$16,537,294$16,110,765
Workforce Competitiveness Trust Fund$0$1,047,566$5,118,326$6,919,500
Commonwealth Infrastructure Investment Assistance Reserve$10,711,189$10,475,663$13,896,845$13,575,575
Supplier Diversity Office$393,187$384,542$750,969$924,703
Department of Agricultural Resources Administration$5,869,137$6,107,669$6,430,445$6,158,662
Cannabis and Hemp Oversight$0$0$1,270,846$1,243,718
Executive Office of Housing and Economic Development$2,243,990$2,806,699$2,735,260$2,292,117
Summer Jobs Program for At-Risk Youth (YouthWorks)$10,764,745$11,470,852$13,087,561$14,442,500
Housing and Economic Development Info. Tech.$3,297,947$3,225,430$2,827,920$3,194,089
Advanced Manufacturing Workforce Development Grants$1,553,122$1,597,539$2,753,660$2,500,000
Innovation Institute$535,559$1,047,566$2,559,163$750,000
International Trade$0$104,757$0$0
Military Base Promotion$133,890$130,946$0$0
Urban Agenda Economic Development Grants$1,606,678$523,783$665,382$2,000,000
Community Compact Grants$72,970$0$0$0
Small Business Technical Assistance Grant Program$1,071,119$785,675$2,047,331$2,000,000
Workforce Competitiveness Trust Fund$2,356,462$785,675$767,749$0
Learn to Earn$0$261,892$255,916$950,000
Downtown Regional Grant Program$0$0$0$500,000
Transformative Development Fund$0$261,892$255,916$250,000
Working Cities Tech Assistance Grants$535,559$523,783$563,016$0
Mass. Tech. Collaborative Tech and Innovation Entrepreneurs$0$1,623,728$1,612,273$1,075,000
Entrepreneur in Residence Pilot Program$107,112$52,378$51,183$50,000
Big Data Innovation and Workforce Fund$0$523,783$511,833$500,000
Executive Office of Labor and Workforce Development$836,514$864,293$938,969$775,183
Labor and Workforce Development Shared Services$0$0$0$8,646,607
Demonstration Workforce Development Program$267,780$157,135$511,833$500,000
Registered Apprenticeship Expansion$0$0$511,833$3,406,025
Department of Labor Standards$2,719,802$3,156,386$3,236,801$5,463,121
Dept. of Labor Standards Licensing Fees Revenue$485,056$474,390$463,567$452,850
Department of Family and Medical Leave$0$0$1,535,498$0
Department of Industrial Accidents$20,792,560$20,567,858$20,485,391$20,727,429
Massachusetts Manufacturing Extension Partnership$0$0$2,047,331$0
Health Care Worker Training$0$0$204,733$0
MassHire Department of Career Services$0$0$0$2,064,979
One Stop Career Centers$4,030,192$4,148,416$4,156,133$3,960,051
Department of Labor Relations$2,391,861$2,487,617$2,678,202$3,171,568
Arbitration and Mediation Retained Revenue$107,112$0$0$0
Joint Labor Management Committee for Municipal Police and Fire$133,890$135,163$255,916$271,835
Massachusetts Service Alliance$1,553,122$3,226,504$3,316,676$1,400,000
Office of Consumer Affairs and Business Regulation$787,510$770,194$1,135,132$1,286,794
Regional Economic Development Grants$428,448$314,270$1,023,665$1,000,000
Massachusetts Office of Business Development$1,660,288$1,618,182$1,663,254$1,772,787
Biotechnology Research Institute$267,780$254,035$511,833$500,000
Small Business Development Center at UMass$1,270,585$1,452,160$1,202,152$1,426,222
Microlending$107,112$104,757$307,100$300,000
Commonwealth Zoological Corporation$4,284,476$4,556,914$4,785,635$4,000,000
Mass. Tech. Collab. Computer Science Education$0$890,431$870,115$0
Small Business Association Layoff Aversion Grant Program$267,780$254,035$255,916$250,000
Massachusetts Office of Travel and Tourism$5,711,919$13,202,832$5,326,205$5,024,984
Local Tourist Councils Financial Assistance$6,426,713$6,285,398$6,510,353$7,292,713
Local Economic Development Projects$0$0$11,653,917$0
Massachusetts International Trade Council$123,072$115,586$121,850$122,273
Race Horse Development Fund Tax Transfer$0$0$15,916,087$19,435,083
Workforce Training Fund (Transfer)$24,742,846$25,665,376$24,567,967$24,500,000
Mass Cultural Council Tax Transfer$0$0$1,227,871$4,309,042
FY17FY18FY19FY20 Gov
Mass. Cultural Council$15,315,929$14,614,283$16,537,294$16,110,765
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$1,047,566$5,118,326$6,919,500
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
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$10,711,189$10,475,663$13,896,845$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$393,187$384,542$750,969$924,703
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$5,869,137$6,107,669$6,430,445$6,158,662
Cannabis and Hemp Oversight$0$0$1,270,846$1,243,718
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$2,243,990$2,806,699$2,735,260$2,292,117
Summer Jobs Program for At-Risk Youth (YouthWorks)$10,764,745$11,470,852$13,087,561$14,442,500
Permitting Technical Grants$0$0$0$0
Housing and Economic Development Info. Tech.$3,297,947$3,225,430$2,827,920$3,194,089
Advanced Manufacturing Workforce Development Grants$1,553,122$1,597,539$2,753,660$2,500,000
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$0$0
Innovation Institute$535,559$1,047,566$2,559,163$750,000
International Trade$0$104,757$0$0
Military Base Promotion$133,890$130,946$0$0
Urban Agenda Economic Development Grants$1,606,678$523,783$665,382$2,000,000
Community Compact Grants$72,970$0$0$0
Small Business Technical Assistance Grant Program$1,071,119$785,675$2,047,331$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$2,356,462$785,675$767,749$0
Learn to Earn$0$261,892$255,916$950,000
Downtown Regional Grant Program$0$0$0$500,000
MassVentures Operations$0$0$0$0
Transformative Development Fund$0$261,892$255,916$250,000
Working Cities Tech Assistance Grants$535,559$523,783$563,016$0
Parking Management Plan Grants$0$0$0$0
Mass. Tech. Collaborative Tech and Innovation Entrepreneurs$0$1,623,728$1,612,273$1,075,000
Entrepreneur in Residence Pilot Program$107,112$52,378$51,183$50,000
Big Data Innovation and Workforce Fund$0$523,783$511,833$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$836,514$864,293$938,969$775,183
Labor and Workforce Development Shared Services$0$0$0$8,646,607
Demonstration Workforce Development Program$267,780$157,135$511,833$500,000
Registered Apprenticeship Expansion$0$0$511,833$3,406,025
Labor and Workforce Development Info. Technology$0$0$0$0
Department of Labor Standards$2,719,802$3,156,386$3,236,801$5,463,121
Dept. of Labor Standards Licensing Fees Revenue$485,056$474,390$463,567$452,850
Department of Family and Medical Leave$0$0$1,535,498$0
Re-Employment Assistance$0$0$0$0
Economic Stabilization Trust$0$0$0$0
Department of Industrial Accidents$20,792,560$20,567,858$20,485,391$20,727,429
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$2,047,331$0
Health Care Worker Training$0$0$204,733$0
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
MassHire Department of Career Services$0$0$0$2,064,979
Just-A-Start Biotech Training$0$0$0$0
One Stop Career Centers$4,030,192$4,148,416$4,156,133$3,960,051
Mass. Workforce Professionals Association$0$0$0$0
Welfare-To-Work Skills Plus$0$0$0$0
Department of Labor Relations$2,391,861$2,487,617$2,678,202$3,171,568
Summer Jobs Program for At-Risk Youth$0$0$0$0
Arbitration and Mediation Retained Revenue$107,112$0$0$0
Joint Labor Management Committee for Municipal Police and Fire$133,890$135,163$255,916$271,835
Workforce Development Initiative$0$0$0$0
Massachusetts Service Alliance$1,553,122$3,226,504$3,316,676$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$787,510$770,194$1,135,132$1,286,794
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$428,448$314,270$1,023,665$1,000,000
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$1,660,288$1,618,182$1,663,254$1,772,787
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$267,780$254,035$511,833$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$1,270,585$1,452,160$1,202,152$1,426,222
Microlending$107,112$104,757$307,100$300,000
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$4,284,476$4,556,914$4,785,635$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$0$0
Mass. Technology Collab./Mass. Technology Park Corp.$0$0$0$0
Mass. Tech. Collab. Computer Science Education$0$890,431$870,115$0
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$267,780$254,035$255,916$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$5,711,919$13,202,832$5,326,205$5,024,984
Anniversary Celebrations$0$0$0$0
Local Tourist Councils Financial Assistance$6,426,713$6,285,398$6,510,353$7,292,713
Mass Office of Travel and Tourism International Marketing$0$0$0$0
Local Economic Development Projects$0$0$11,653,917$0
Massachusetts International Trade Council$123,072$115,586$121,850$122,273
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$15,916,087$19,435,083
Workforce Training Fund (Transfer)$24,742,846$25,665,376$24,567,967$24,500,000
Mass Cultural Council Tax Transfer$0$0$1,227,871$4,309,042