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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
FY25 House$319,019,086$319,019,086
FY24$1,125,240,013$1,135,187,494
FY23$713,534,271$677,498,324
FY22$386,180,547$351,982,166
FY21$330,302,249$280,927,603
FY20$276,566,265$229,960,470
FY19$224,354,237$183,644,536
FY18$177,435,952$142,289,823
FY17$161,839,767$126,937,368
FY16$194,487,979$149,758,534
FY15$200,977,018$153,733,740
FY14$234,255,745$177,916,666
FY13$153,306,885$114,652,269
FY12$202,305,353$148,788,629
FY11$134,788,219$96,303,818
FY10$150,541,114$105,466,788
FY09$198,300,817$137,572,431
FY08$245,298,380$167,826,896
FY07$598,891,150$395,089,313
FY06$304,116,483$195,544,062
FY05$173,088,496$107,243,052
FY04$196,801,653$118,378,636
FY03$253,425,356$149,148,560
FY02$291,324,197$167,757,499
FY01$374,210,598$211,737,839

comparisons adjusted for inflation (cpi)

  • See Changes in Funding
Between and
Funding for Economic Development
358.7%

comparisons adjusted for inflation (cpi)

Adjusted for inflation (cpi) NOT adjusted
FY25 House$319,019,086$319,019,086
FY25 HWM$294,859,086$294,859,086
FY25 Gov$288,297,629$288,297,629
FY24$1,125,240,013$1,135,187,494
FY24 Leg$385,196,564$388,601,824
FY24 Sen$344,005,206$347,046,322
FY24 SWM$328,034,393$330,934,322
FY24 Hou$421,193,656$424,917,142
FY24 HWM$394,893,160$398,384,142
FY24 Gov$340,958,443$343,972,625
FY23 GAA$404,833,521$384,388,029
FY23 SWM$309,904,191$294,252,958
FY23 Hou$347,967,519$330,393,957
FY23 HWM$327,891,617$311,331,957
FY23 Gov$268,974,301$255,390,169
FY22 GAA$356,704,010$325,115,937

funding levels adjusted for inflation (cpi)

  • Active Line Items
  • All Line Items
FY23FY24FY25 GovFY25 House
Massachusetts Cultural Council$24,620,416$25,668,086$25,546,197$26,750,000
Workforce Competitiveness Trust Fund$17,904,225$9,912,371$10,000,000$10,000,000
Mass. Life Sciences Investment Fund$10,531,897$0$0$0
Commonwealth Infrastructure Investment Assistance Reserve$13,691,466$14,868,557$13,000,000$13,000,000
2023 Farm Natural Disaster Reserve$0$19,824,743$0$0
2023 Storms and Natural Disasters$0$14,868,557$0$0
Broadband Equity$0$24,780,929$0$0
Broadband Support Fund Appropriation$13,085,882$37,245,736$0$0
Business Support$0$151,659,284$0$0
Local Community Development Projects$2,111,316$86,980,379$0$0
Investments in Green Space and Infrastructure$0$99,123,715$0$0
Investments in Environmental Justice Communities$0$74,342,786$0$0
Local Parks Projects$1,666,892$22,280,872$0$0
ARPA Clean Water Trust Fund$121,116,818$0$0$0
Port Infrastructure$105,318,972$0$0$0
Agricultural Sector Development$0$11,894,846$0$0
Career and Workforce Development System Assessment$0$495,619$0$0
Local Public Service Needs$6,383,333$37,764,200$0$0
Local Economic Development Projects$868,108$84,994,358$0$0
Economic Development$5,793,134$69,872,091$0$0
Supplier Diversity Office$4,672,489$3,945,029$4,996,316$4,996,317
Flood Control Compacts$0$1,003,410$506,140$506,140
Dam Safety Technical Assistance$0$0$2,800,000$2,800,000
Department of Agricultural Resources Administration$11,285,486$12,522,870$11,233,075$12,301,244
Cannabis and Hemp Oversight$998,019$1,003,049$1,075,496$1,075,496
Executive Office of Housing and Economic Development$4,655,862$5,805,760$5,253,258$6,830,725
Summer Jobs Program for At Risk Youth (YouthWorks)$51,778,887$21,988,351$15,740,000$16,415,000
Housing and Economic Development IT Costs$4,273,072$4,420,230$2,173,400$2,173,400
Workforce Development Grant$2,632,974$2,973,711$2,500,000$0
Mass. Life Sciences Center$0$0$10,000,000$0
Community Action Grants$7,898,923$7,607,745$0$7,500,000
Innovation Institute$2,632,974$2,478,093$2,500,000$0
Urban Agenda Economic Development Grants$2,900,874$2,512,786$2,500,000$2,500,000
Small Business Technical Assistance Grant Program$33,860,050$5,154,433$7,500,000$7,625,000
Learn to Earn$1,053,190$297,371$300,000$300,000
Career Technical Institutes$21,490,146$15,492,640$10,379,600$10,379,600
Transformative Development Fund$1,105,849$991,237$250,000$1,000,000
Massachusetts Cybersecurity Innovation Fund$2,580,315$2,428,531$950,000$0
Mass. Tech. Collaborative Tech and Innovation Entrepreneurs$1,421,806$1,338,312$1,350,000$0
Entrepreneur in Residence Pilot Program$0$0$220,000$220,000
Center for Advanced Manufacturing$1,263,828$1,189,485$1,200,000$0
Massachusetts Downtown Initiative$0$594,742$600,000$0
MA Technology Transfer Center$0$396,495$400,000$0
Culture and Tourism Programs and Special Projects$4,528,127$7,695,033$0$0
Community Empowerment and Reinvestment Grant Program$25,284,639$14,868,557$7,500,000$0
Community Foundation Grants$7,898,923$9,912,371$0$0
Small Business Programs and Special Projects$317,688$664,977$0$0
Executive Office of Labor and Workforce Development$2,805,347$4,102,360$1,772,532$2,359,807
Labor and Workforce Development Shared Services$28,681,789$20,309,734$20,378,415$20,474,631
Workforce Development Programs and Special Projects$1,933,865$569,971$0$0
Department of Economic Research$631,914$843,433$900,702$891,695
Demonstration Workforce Dev Program$1,533,575$4,999,677$2,500,000$2,750,000
Registered Apprenticeship Expansion$1,053,190$3,783,947$3,817,398$3,817,398
Department of Labor Standards$4,426,035$4,193,435$4,763,844$4,716,206
Asbestos Deleading EA Services$448,153$431,948$441,118$441,118
Department of Industrial Accidents$20,699,062$19,660,517$22,660,527$22,433,922
Massachusetts Manufacturing Extension Partnership$2,106,379$1,982,474$1,700,000$2,000,000
Health Care Worker Training$1,053,190$991,237$1,000,000$1,000,000
MassHire Department of Career Services$2,174,816$2,201,719$2,221,183$2,221,183
One Stop Career Centers$15,797,846$5,957,386$9,960,051$9,860,450
Department of Labor Relations$3,019,694$3,121,418$3,558,568$3,522,982
Joint Labor Management Committee for Municipal Police and Fire$315,957$297,371$291,433$291,434
Massachusetts Service Alliance$2,317,017$2,260,021$1,200,000$1,450,000
AFL-CIO Workforce Development Programs$157,978$148,686$150,000$150,000
Office of Consumer Affairs and Business Regulation$1,505,561$1,438,767$1,742,586$1,725,160
Regional Economic Development Grants$2,867,660$1,982,474$1,000,000$1,000,000
Massachusetts Office of Business Development$2,465,846$1,346,480$1,340,220$1,326,818
Biotechnology Research Institute$789,892$743,428$750,000$750,000
Small Business Development Center at UMass$1,502,082$1,413,724$1,426,222$1,426,222
Microlending$2,948,931$1,784,227$0$1,300,000
Commonwealth Zoological Corporation$7,477,647$7,186,469$4,000,000$6,625,000
Commonwealth’s 250th Anniversary Celebration$0$991,237$0$0
Massachusetts Office of Travel and Tourism$19,632,402$20,239,622$10,271,019$13,808,309
Local Economic Development Projects$16,218,673$42,298,507$0$13,900,000
One-Time Local Economic Development Projects$35,808$232,558$0$0
Massachusetts International Trade Council$128,778$127,575$143,829$143,829
Disaster Relief and Resiliency Fund$0$0$0$14,000,000
Disaster Relief and Resiliency Fund$0$0$13,834,500$0
Massachusetts Cultural and Performing Arts Mitigation Trust Fund.$4,575,662$5,352,681$6,000,000$6,000,000
Race Horse Development Fund$18,511,963$20,815,980$0$22,260,000
Mass. Tourism Trust Fund$2,287,831$2,507,830$3,000,000$3,000,000
Workforce Training Trust Fund$25,803,148$27,060,774$27,000,000$27,000,000
FY23FY24FY25 GovFY25 House
Massachusetts Cultural Council$24,620,416$25,668,086$25,546,197$26,750,000
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$17,904,225$9,912,371$10,000,000$10,000,000
Mass. Life Sciences Investment Fund$10,531,897$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$13,691,466$14,868,557$13,000,000$13,000,000
District Local Technical Assistance Fund$0$0$0$0
2023 Farm Natural Disaster Reserve$0$19,824,743$0$0
2023 Storms and Natural Disasters$0$14,868,557$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
Broadband Equity$0$24,780,929$0$0
Broadband Support Fund Appropriation$13,085,882$37,245,736$0$0
Business Support$0$151,659,284$0$0
Local Community Development Projects$2,111,316$86,980,379$0$0
Investments in Green Space and Infrastructure$0$99,123,715$0$0
Investments in Environmental Justice Communities$0$74,342,786$0$0
Local Parks Projects$1,666,892$22,280,872$0$0
ARPA Clean Water Trust Fund$121,116,818$0$0$0
Port Infrastructure$105,318,972$0$0$0
Agricultural Sector Development$0$11,894,846$0$0
Career and Workforce Development System Assessment$0$495,619$0$0
Local Public Service Needs$6,383,333$37,764,200$0$0
Local Economic Development Projects$868,108$84,994,358$0$0
Economic Development$5,793,134$69,872,091$0$0
MassPort Tourism$0$0$0$0
Supplier Diversity Office$0$0$0$0
Supplier Diversity Office$4,672,489$3,945,029$4,996,316$4,996,317
Flood Control Compacts$0$1,003,410$506,140$506,140
Dam Safety Technical Assistance$0$0$2,800,000$2,800,000
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$11,285,486$12,522,870$11,233,075$12,301,244
Cannabis and Hemp Oversight$998,019$1,003,049$1,075,496$1,075,496
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$4,655,862$5,805,760$5,253,258$6,830,725
Summer Jobs Program for At Risk Youth (YouthWorks)$51,778,887$21,988,351$15,740,000$16,415,000
Permitting Technical Grants$0$0$0$0
Housing and Economic Development IT Costs$4,273,072$4,420,230$2,173,400$2,173,400
Workforce Development Grant$2,632,974$2,973,711$2,500,000$0
Local Capital Projects Program$0$0$0$0
Advanced Manufacturing Futures Program$0$0$0$0
Mass. Life Sciences Center$0$0$10,000,000$0
Community Action Grants$7,898,923$7,607,745$0$7,500,000
Manufacturing College$0$0$0$0
Innovation Institute$2,632,974$2,478,093$2,500,000$0
International Trade$0$0$0$0
Military Base Promotion$0$0$0$0
Urban Agenda Economic Development Grants$2,900,874$2,512,786$2,500,000$2,500,000
Community Compact Grants$0$0$0$0
Small Business Technical Assistance Grant Program$33,860,050$5,154,433$7,500,000$7,625,000
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 Information Technology$0$0$0$0
Division of Occupational Safety$0$0$0$0
Asbestos Abatement and Deleading Services Retained 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$0$0$0$0
Learn to Earn$1,053,190$297,371$300,000$300,000
Career Technical Institutes$21,490,146$15,492,640$10,379,600$10,379,600
Downtown Regional Grant Program$0$0$0$0
MassVentures Operations$0$0$0$0
Transformative Development Fund$1,105,849$991,237$250,000$1,000,000
Massachusetts Cybersecurity Innovation Fund$2,580,315$2,428,531$950,000$0
Working Cities Tech Assistance Grants$0$0$0$0
Parking Management Plan Grants$0$0$0$0
Mass. Tech. Collaborative Tech and Innovation Entrepreneurs$1,421,806$1,338,312$1,350,000$0
Entrepreneur in Residence Pilot Program$0$0$220,000$220,000
Center for Advanced Manufacturing$1,263,828$1,189,485$1,200,000$0
Big Data Innovation and Workforce Fund$0$0$0$0
North Shore InnoVentures$0$0$0$0
Massachusetts Downtown Initiative$0$594,742$600,000$0
MA Technology Transfer Center$0$396,495$400,000$0
Culture and Tourism Programs and Special Projects$4,528,127$7,695,033$0$0
Digital Health Internship Incentive Fund$0$0$0$0
Economic Recovery Planning and Response$0$0$0$0
Community Empowerment and Reinvestment Grant Program$25,284,639$14,868,557$7,500,000$0
Community Foundation Grants$7,898,923$9,912,371$0$0
Small Business Programs and Special Projects$317,688$664,977$0$0
Electricity Deregulation Supplemental Unemployment Insurance$0$0$0$0
Executive Office of Labor and Workforce Development$2,805,347$4,102,360$1,772,532$2,359,807
Labor and Workforce Development Shared Services$28,681,789$20,309,734$20,378,415$20,474,631
Workforce Development Programs and Special Projects$1,933,865$569,971$0$0
Department of Economic Research$631,914$843,433$900,702$891,695
Demonstration Workforce Dev Program$1,533,575$4,999,677$2,500,000$2,750,000
Registered Apprenticeship Expansion$1,053,190$3,783,947$3,817,398$3,817,398
Labor and Workforce Development IT Costs$0$0$0$0
Department of Labor Standards$4,426,035$4,193,435$4,763,844$4,716,206
Asbestos Deleading EA Services$448,153$431,948$441,118$441,118
Department of Family and Medical Leave$0$0$0$0
Re-Employment Assistance$0$0$0$0
Economic Stabilization Trust$0$0$0$0
Department of Industrial Accidents$20,699,062$19,660,517$22,660,527$22,433,922
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$2,106,379$1,982,474$1,700,000$2,000,000
Health Care Worker Training$1,053,190$991,237$1,000,000$1,000,000
Commonwealth Corporation Grants$0$0$0$0
Workforce Training Programs$0$0$0$0
Individual Training Grants$0$0$0$0
Racetrack Employee Re-Training$0$0$0$0
MassHire Department of Career Services$2,174,816$2,201,719$2,221,183$2,221,183
Just-A-Start Biotech Training$0$0$0$0
One Stop Career Centers$15,797,846$5,957,386$9,960,051$9,860,450
Mass. Workforce Professionals Association$0$0$0$0
Welfare-To-Work Skills Plus$0$0$0$0
Department of Labor Relations$3,019,694$3,121,418$3,558,568$3,522,982
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$315,957$297,371$291,433$291,434
Workforce Development Initiative$0$0$0$0
Massachusetts Service Alliance$2,317,017$2,260,021$1,200,000$1,450,000
AFL-CIO Workforce Development Programs$157,978$148,686$150,000$150,000
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$1,505,561$1,438,767$1,742,586$1,725,160
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$2,867,660$1,982,474$1,000,000$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$2,465,846$1,346,480$1,340,220$1,326,818
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$789,892$743,428$750,000$750,000
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$1,502,082$1,413,724$1,426,222$1,426,222
Microlending$2,948,931$1,784,227$0$1,300,000
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$7,477,647$7,186,469$4,000,000$6,625,000
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$0$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$0$0$0$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
Commonwealth’s 250th Anniversary Celebration$0$991,237$0$0
Massachusetts Office of Travel and Tourism$19,632,402$20,239,622$10,271,019$13,808,309
Anniversary Celebrations$0$0$0$0
Local Tourist Councils Financial Assistance$0$0$0$0
Mass Office of Travel and Tourism International Marketing$0$0$0$0
Massachusetts Restaurant Commission$0$0$0$0
Local Economic Development Projects$16,218,673$42,298,507$0$13,900,000
One-Time Local Economic Development Projects$35,808$232,558$0$0
Massachusetts International Trade Council$128,778$127,575$143,829$143,829
Alternative and Clean Energy Investment Trust$0$0$0$0
Brownfields Redevelopment Fund$0$0$0$0
Disaster Relief and Resiliency Fund$0$0$0$14,000,000
Emerging Technologies Fund$0$0$0$0
Mass. Research Center Matching Fund$0$0$0$0
Offshore Wind Energy Career Training Trust Fund$0$0$0$0
Smart Growth Housing Trust$0$0$0$0
Disaster Relief and Resiliency Fund$0$0$13,834,500$0
Massachusetts Cultural and Performing Arts Mitigation Trust Fund.$4,575,662$5,352,681$6,000,000$6,000,000
Race Horse Development Fund$18,511,963$20,815,980$0$22,260,000
Mass. Tourism Trust Fund$2,287,831$2,507,830$3,000,000$3,000,000
Workforce Training Trust Fund$25,803,148$27,060,774$27,000,000$27,000,000
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