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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
FY21 Gov$212,767,301$212,767,301
FY20$259,670,546$253,517,615
FY19$192,056,406$183,644,536
FY18$151,891,264$142,289,823
FY17$138,547,614$126,937,368
FY16$166,485,170$149,758,534
FY15$172,055,354$153,733,740
FY14$200,532,977$177,916,666
FY13$131,237,277$114,652,269
FY12$173,182,069$148,788,629
FY11$115,384,504$96,303,818
FY10$128,869,658$105,466,788
FY09$169,754,015$137,572,431
FY08$209,985,947$167,826,896
FY07$512,676,543$395,089,313
FY06$260,336,769$195,544,062
FY05$148,171,185$107,243,052
FY04$168,470,666$118,378,636
FY03$216,942,988$149,148,560
FY02$249,386,023$167,757,499
FY01$320,340,341$211,737,839
  • See Changes in Funding
Between and
Funding for Economic Development
23.7%

comparisons adjusted for inflation (cpi)

Adjusted for inflation (cpi) NOT adjusted
FY21 Gov$212,767,301$212,767,301
FY20$259,670,546$253,517,615

funding levels adjusted for inflation (cpi)

  • Active Line Items
  • All Line Items
FY18FY19FY20FY21 Gov
Mass. Cultural Council$14,892,065$16,894,964$18,621,233$16,298,039
Workforce Competitiveness Trust Fund$1,067,478$5,229,026$7,553,993$7,000,000
Commonwealth Infrastructure Investment Assistance Reserve$10,674,781$14,197,407$13,905,057$12,838,487
Supplier Diversity Office$391,851$767,211$947,146$990,880
Department of Agricultural Resources Administration$6,223,761$6,569,523$12,218,173$11,793,887
Cannabis and Hemp Oversight$0$644,703$1,914,072$1,091,942
Executive Office of Housing and Economic Development$2,860,048$2,794,419$3,412,988$2,331,480
Summer Jobs Program for At-Risk Youth (YouthWorks)$11,688,885$13,370,619$16,460,023$16,240,000
Housing and Economic Development Info. Tech.$3,286,737$2,753,128$3,404,765$3,387,713
Advanced Manufacturing Workforce Development Grants$1,627,904$2,813,216$2,857,714$2,500,000
Innovation Institute$1,067,478$2,614,513$2,560,676$3,750,000
International Trade$106,748$0$0$0
Military Base Promotion$133,435$0$0$0
Urban Agenda Economic Development Grants$533,739$679,773$2,514,583$2,500,000
Small Business Technical Assistance Grant Program$800,609$2,091,610$3,175,238$4,000,000
Workforce Competitiveness Trust Fund$800,609$784,354$0$0
Learn to Earn$266,870$193,474$1,039,634$950,000
Career Technical Institutes$0$0$0$6,941,100
Transformative Development Fund$266,870$261,451$1,024,270$250,000
Massachusetts Cybersecurity Innovation Fund$0$0$1,280,338$950,000
Working Cities Tech Assistance Grants$533,739$575,193$0$0
Mass. Tech. Collaborative Tech and Innovation Entrepreneurs$1,654,591$1,647,143$1,562,012$1,350,000
Entrepreneur in Residence Pilot Program$53,374$52,290$51,214$0
Big Data Innovation and Workforce Fund$533,739$522,903$512,135$0
Executive Office of Labor and Workforce Development$880,721$959,277$2,519,892$792,621
Labor and Workforce Development Shared Services$0$0$14,258,672$12,216,022
Demonstration Workforce Development Program$160,122$522,903$1,024,270$1,250,000
Registered Apprenticeship Expansion$0$522,903$512,135$500,000
Department of Labor Standards$3,216,381$3,547,342$3,622,079$3,576,736
Dept. of Labor Standards Licensing Fees Revenue$483,407$473,593$423,328$426,673
Department of Family and Medical Leave$0$1,202,676$3,943,440$0
Department of Industrial Accidents$20,958,803$20,928,450$19,447,756$19,399,477
Massachusetts Manufacturing Extension Partnership$0$2,091,610$2,048,540$0
Health Care Worker Training$0$209,161$204,854$0
MassHire Department of Career Services$0$0$6,719,784$2,064,979
One Stop Career Centers$4,227,268$4,246,022$4,465,870$3,960,051
Department of Labor Relations$2,534,900$2,736,126$2,929,575$2,880,434
Joint Labor Management Committee for Municipal Police and Fire$137,732$261,451$256,068$250,000
Massachusetts Service Alliance$3,287,832$3,388,409$1,433,978$1,400,000
AFL-CIO Workforce Development Programs$0$0$153,641$0
Office of Consumer Affairs and Business Regulation$784,833$1,159,683$1,318,025$1,304,849
Regional Economic Development Grants$320,243$1,045,805$1,024,270$1,000,000
Massachusetts Office of Business Development$1,648,940$0$3,684,904$1,701,313
Biotechnology Research Institute$258,863$522,903$768,203$0
Small Business Development Center at UMass$1,479,762$1,228,152$1,460,837$1,426,222
Microlending$106,748$313,742$512,135$0
Commonwealth Zoological Corporation$4,643,530$4,889,139$4,865,284$4,000,000
Mass. Tech. Collab. Computer Science Education$907,356$888,934$0$0
Small Business Association Layoff Aversion Grant Program$258,863$261,451$256,068$0
Massachusetts Office of Travel and Tourism$13,453,786$5,441,400$4,264,217$4,163,176
Local Tourist Councils Financial Assistance$6,404,868$6,651,159$6,145,621$6,000,000
Massachusetts Restaurant Commission$0$0$2,048,540$0
Local Economic Development Projects$0$10,368,635$15,021,742$0
One-Time Local Economic Development Projects$0$0$7,574,478$0
Massachusetts International Trade Council$117,783$124,485$125,241$124,203
Race Horse Development Fund Tax Transfer$0$16,260,322$19,906,777$17,752,332
Mass. Tourism Trust Fund Tax Transfer$0$0$2,206,812$2,138,228
Workforce Training Fund (Transfer)$26,153,212$25,099,324$25,094,621$25,000,000
Mass Cultural Council Tax Transfer$0$1,254,428$4,413,624$4,276,456
FY18FY19FY20FY21 Gov
Mass. Cultural Council$14,892,065$16,894,964$18,621,233$16,298,039
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$1,067,478$5,229,026$7,553,993$7,000,000
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$10,674,781$14,197,407$13,905,057$12,838,487
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$391,851$767,211$947,146$990,880
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$6,223,761$6,569,523$12,218,173$11,793,887
Cannabis and Hemp Oversight$0$644,703$1,914,072$1,091,942
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$2,860,048$2,794,419$3,412,988$2,331,480
Summer Jobs Program for At-Risk Youth (YouthWorks)$11,688,885$13,370,619$16,460,023$16,240,000
Permitting Technical Grants$0$0$0$0
Housing and Economic Development Info. Tech.$3,286,737$2,753,128$3,404,765$3,387,713
Advanced Manufacturing Workforce Development Grants$1,627,904$2,813,216$2,857,714$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$1,067,478$2,614,513$2,560,676$3,750,000
International Trade$106,748$0$0$0
Military Base Promotion$133,435$0$0$0
Urban Agenda Economic Development Grants$533,739$679,773$2,514,583$2,500,000
Community Compact Grants$0$0$0$0
Small Business Technical Assistance Grant Program$800,609$2,091,610$3,175,238$4,000,000
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$800,609$784,354$0$0
Learn to Earn$266,870$193,474$1,039,634$950,000
Career Technical Institutes$0$0$0$6,941,100
Downtown Regional Grant Program$0$0$0$0
MassVentures Operations$0$0$0$0
Transformative Development Fund$266,870$261,451$1,024,270$250,000
Massachusetts Cybersecurity Innovation Fund$0$0$1,280,338$950,000
Working Cities Tech Assistance Grants$533,739$575,193$0$0
Parking Management Plan Grants$0$0$0$0
Mass. Tech. Collaborative Tech and Innovation Entrepreneurs$1,654,591$1,647,143$1,562,012$1,350,000
Entrepreneur in Residence Pilot Program$53,374$52,290$51,214$0
Big Data Innovation and Workforce Fund$533,739$522,903$512,135$0
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$880,721$959,277$2,519,892$792,621
Labor and Workforce Development Shared Services$0$0$14,258,672$12,216,022
Demonstration Workforce Development Program$160,122$522,903$1,024,270$1,250,000
Registered Apprenticeship Expansion$0$522,903$512,135$500,000
Labor and Workforce Development Info. Technology$0$0$0$0
Department of Labor Standards$3,216,381$3,547,342$3,622,079$3,576,736
Dept. of Labor Standards Licensing Fees Revenue$483,407$473,593$423,328$426,673
Department of Family and Medical Leave$0$1,202,676$3,943,440$0
Re-Employment Assistance$0$0$0$0
Economic Stabilization Trust$0$0$0$0
Department of Industrial Accidents$20,958,803$20,928,450$19,447,756$19,399,477
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$2,091,610$2,048,540$0
Health Care Worker Training$0$209,161$204,854$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$6,719,784$2,064,979
Just-A-Start Biotech Training$0$0$0$0
One Stop Career Centers$4,227,268$4,246,022$4,465,870$3,960,051
Mass. Workforce Professionals Association$0$0$0$0
Welfare-To-Work Skills Plus$0$0$0$0
Department of Labor Relations$2,534,900$2,736,126$2,929,575$2,880,434
Summer Jobs Program for At-Risk Youth$0$0$0$0
Arbitration and Mediation Retained Revenue$0$0$0$0
Joint Labor Management Committee for Municipal Police and Fire$137,732$261,451$256,068$250,000
Workforce Development Initiative$0$0$0$0
Massachusetts Service Alliance$3,287,832$3,388,409$1,433,978$1,400,000
AFL-CIO Workforce Development Programs$0$0$153,641$0
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$784,833$1,159,683$1,318,025$1,304,849
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$320,243$1,045,805$1,024,270$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$1,648,940$0$3,684,904$1,701,313
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$258,863$522,903$768,203$0
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$1,479,762$1,228,152$1,460,837$1,426,222
Microlending$106,748$313,742$512,135$0
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$4,643,530$4,889,139$4,865,284$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$907,356$888,934$0$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$258,863$261,451$256,068$0
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$13,453,786$5,441,400$4,264,217$4,163,176
Anniversary Celebrations$0$0$0$0
Local Tourist Councils Financial Assistance$6,404,868$6,651,159$6,145,621$6,000,000
Mass Office of Travel and Tourism International Marketing$0$0$0$0
Massachusetts Restaurant Commission$0$0$2,048,540$0
Local Economic Development Projects$0$10,368,635$15,021,742$0
One-Time Local Economic Development Projects$0$0$7,574,478$0
Massachusetts International Trade Council$117,783$124,485$125,241$124,203
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$16,260,322$19,906,777$17,752,332
Mass. Tourism Trust Fund Tax Transfer$0$0$2,206,812$2,138,228
Workforce Training Fund (Transfer)$26,153,212$25,099,324$25,094,621$25,000,000
Mass Cultural Council Tax Transfer$0$1,254,428$4,413,624$4,276,456