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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
FY22 Sen$255,811,338$255,811,338
FY21$358,326,236$352,931,693
FY20$236,344,378$229,960,470
FY19$191,729,910$183,644,536
FY18$151,636,692$142,289,823
FY17$138,309,933$126,937,368
FY16$166,210,156$149,758,534
FY15$171,750,378$153,733,740
FY14$200,189,620$177,916,666
FY13$131,012,570$114,652,269
FY12$172,885,543$148,788,629
FY11$115,186,940$96,303,818
FY10$128,649,004$105,466,788
FY09$169,463,358$137,572,431
FY08$209,626,404$167,826,896
FY07$511,798,725$395,089,313
FY06$259,891,014$195,544,062
FY05$147,917,483$107,243,052
FY04$168,182,206$118,378,636
FY03$216,571,533$149,148,560
FY02$248,959,018$167,757,499
FY01$319,791,847$211,737,839

comparisons adjusted for inflation (cpi)

  • See Changes in Funding
Between and
Funding for Economic Development
70.9%

comparisons adjusted for inflation (cpi)

Adjusted for inflation (cpi) NOT adjusted
FY22 Sen$255,811,338$255,811,338
FY22 SWM$241,878,338$241,878,338
FY22 Hou$254,089,336$254,089,336
FY22 HWM$238,088,336$238,088,336
FY22 Gov$212,766,025$212,766,025
FY21$358,326,236$352,931,693

funding levels adjusted for inflation (cpi)

  • Active Line Items
  • All Line Items
FY21FY22 GovFY22 HouFY22 Sen
Mass. Cultural Council$18,457,880$16,298,039$21,375,000$20,000,000
Workforce Competitiveness Trust Fund$10,152,850$7,000,000$10,000,000$10,000,000
Commonwealth Infrastructure Investment Assistance Reserve$13,034,723$12,400,000$12,400,000$12,400,000
Supplier Diversity Office$1,006,027$2,477,963$2,477,963$2,477,963
Department of Agricultural Resources Administration$9,811,599$8,176,467$9,041,466$8,901,467
Cannabis and Hemp Oversight$2,530,031$959,015$959,016$959,016
Executive Office of Housing and Economic Development$13,662,162$2,331,480$13,491,480$3,181,480
Summer Jobs Program for At-Risk Youth (YouthWorks)$42,220,625$16,240,000$24,000,000$23,000,000
Housing and Economic Development Info. Tech.$3,290,629$3,439,297$3,439,297$3,439,297
Advanced Manufacturing Workforce Development Grants$2,639,741$2,500,000$0$2,500,000
Community Action Agency Operations and Outreach$5,076,425$0$5,000,000$0
Innovation Institute$2,538,212$2,500,000$0$2,500,000
Urban Agenda Economic Development Grants$2,538,212$2,500,000$2,500,000$0
Small Business Technical Assistance Grant Program$5,203,335$4,000,000$5,000,000$6,000,000
Learn to Earn$1,124,936$300,000$300,000$300,000
Career Technical Institutes$4,061,140$15,379,600$4,000,000$6,000,000
Transformative Development Fund$1,015,285$250,000$1,000,000$250,000
Massachusetts Cybersecurity Innovation Fund$964,521$950,000$0$2,450,000
Mass. Tech. Collaborative Tech and Innovation Entrepreneurs$1,522,927$1,350,000$0$1,350,000
Entrepreneur in Residence Pilot Program$50,764$0$0$0
Big Data Innovation and Workforce Fund$507,642$0$0$0
Economic Recovery Programs for Small Business$57,211,307$0$0$0
Community Empowerment and Reinvestment Grant Program$15,229,274$0$0$7,500,000
Community Foundation Grants$5,076,425$0$0$5,000,000
Executive Office of Labor and Workforce Development$1,718,492$792,620$1,992,620$1,792,620
Labor and Workforce Development Shared Services$12,155,359$12,378,242$12,378,242$12,378,242
Demonstration Workforce Development Program$2,538,212$1,000,000$2,500,000$1,000,000
Registered Apprenticeship Expansion$711,862$500,000$500,000$500,000
Department of Labor Standards$3,590,305$3,536,254$3,536,254$3,936,254
Dept. of Labor Standards Licensing Fees Revenue$419,614$413,297$413,297$413,297
Department of Industrial Accidents$19,735,856$18,986,939$18,986,940$18,986,940
Massachusetts Manufacturing Extension Partnership$2,030,570$0$2,000,000$2,000,000
Health Care Worker Training$203,057$0$200,000$200,000
MassHire Department of Career Services$2,096,542$2,064,979$2,064,980$2,064,980
One Stop Career Centers$5,076,425$3,960,051$5,000,000$7,500,000
Department of Labor Relations$2,903,875$2,860,158$2,860,158$2,860,158
Joint Labor Management Committee for Municipal Police and Fire$253,821$250,000$250,000$250,000
Massachusetts Service Alliance$1,421,399$1,400,000$1,400,000$1,400,000
AFL-CIO Workforce Development Programs$152,293$0$150,000$150,000
Office of Consumer Affairs and Business Regulation$1,324,794$1,304,849$1,304,849$1,304,849
Regional Economic Development Grants$6,091,710$1,000,000$1,000,000$6,000,000
Massachusetts Office of Business Development$1,981,139$1,701,313$1,701,313$1,851,313
Biotechnology Research Institute$761,464$0$750,000$0
Small Business Development Center at UMass$1,448,022$1,426,222$1,426,222$1,426,222
Microlending$812,228$0$1,000,000$1,000,000
Commonwealth Zoological Corporation$5,304,864$4,000,000$6,650,000$5,150,000
Small Business Association Layoff Aversion Grant Program$253,821$0$0$0
Massachusetts Office of Travel and Tourism$4,226,809$4,163,175$9,963,175$6,163,175
Local Tourist Councils Financial Assistance$6,091,710$6,000,000$7,200,000$6,000,000
Massachusetts Restaurant Commission$1,929,041$0$0$0
Local Economic Development Projects$7,881,657$0$7,901,000$7,298,000
One-Time Local Economic Development Projects$1,147,272$0$0$0
Massachusetts International Trade Council$126,102$122,274$122,273$122,274
Race Horse Development Fund Tax Transfer$14,418,941$15,616,675$15,616,675$15,616,675
Mass. Tourism Trust Fund Tax Transfer$1,736,728$1,908,697$1,908,697$1,908,697
Workforce Training Fund (Transfer)$25,382,124$24,511,026$24,511,026$24,511,026
Mass Cultural Council Tax Transfer$3,473,457$3,817,393$3,817,393$3,817,393
FY21FY22 GovFY22 HouFY22 Sen
Mass. Cultural Council$18,457,880$16,298,039$21,375,000$20,000,000
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$10,152,850$7,000,000$10,000,000$10,000,000
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$13,034,723$12,400,000$12,400,000$12,400,000
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$1,006,027$2,477,963$2,477,963$2,477,963
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$9,811,599$8,176,467$9,041,466$8,901,467
Cannabis and Hemp Oversight$2,530,031$959,015$959,016$959,016
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$13,662,162$2,331,480$13,491,480$3,181,480
Summer Jobs Program for At-Risk Youth (YouthWorks)$42,220,625$16,240,000$24,000,000$23,000,000
Permitting Technical Grants$0$0$0$0
Housing and Economic Development Info. Tech.$3,290,629$3,439,297$3,439,297$3,439,297
Advanced Manufacturing Workforce Development Grants$2,639,741$2,500,000$0$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
Community Action Agency Operations and Outreach$5,076,425$0$5,000,000$0
Manufacturing College$0$0$0$0
Innovation Institute$2,538,212$2,500,000$0$2,500,000
International Trade$0$0$0$0
Military Base Promotion$0$0$0$0
Urban Agenda Economic Development Grants$2,538,212$2,500,000$2,500,000$0
Community Compact Grants$0$0$0$0
Small Business Technical Assistance Grant Program$5,203,335$4,000,000$5,000,000$6,000,000
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$0$0$0$0
Learn to Earn$1,124,936$300,000$300,000$300,000
Career Technical Institutes$4,061,140$15,379,600$4,000,000$6,000,000
Downtown Regional Grant Program$0$0$0$0
MassVentures Operations$0$0$0$0
Transformative Development Fund$1,015,285$250,000$1,000,000$250,000
Massachusetts Cybersecurity Innovation Fund$964,521$950,000$0$2,450,000
Working Cities Tech Assistance Grants$0$0$0$0
Parking Management Plan Grants$0$0$0$0
Mass. Tech. Collaborative Tech and Innovation Entrepreneurs$1,522,927$1,350,000$0$1,350,000
Entrepreneur in Residence Pilot Program$50,764$0$0$0
Big Data Innovation and Workforce Fund$507,642$0$0$0
North Shore InnoVentures$0$0$0$0
Digital Health Internship Incentive Fund$0$0$0$0
Economic Recovery Programs for Small Business$57,211,307$0$0$0
Community Empowerment and Reinvestment Grant Program$15,229,274$0$0$7,500,000
Community Foundation Grants$5,076,425$0$0$5,000,000
Electricity Deregulation Supplemental Unemployment Insurance$0$0$0$0
Executive Office of Labor and Workforce Development$1,718,492$792,620$1,992,620$1,792,620
Labor and Workforce Development Shared Services$12,155,359$12,378,242$12,378,242$12,378,242
Demonstration Workforce Development Program$2,538,212$1,000,000$2,500,000$1,000,000
Registered Apprenticeship Expansion$711,862$500,000$500,000$500,000
Labor and Workforce Development Info. Technology$0$0$0$0
Department of Labor Standards$3,590,305$3,536,254$3,536,254$3,936,254
Dept. of Labor Standards Licensing Fees Revenue$419,614$413,297$413,297$413,297
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$19,735,856$18,986,939$18,986,940$18,986,940
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$2,030,570$0$2,000,000$2,000,000
Health Care Worker Training$203,057$0$200,000$200,000
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
MassHire Department of Career Services$2,096,542$2,064,979$2,064,980$2,064,980
Just-A-Start Biotech Training$0$0$0$0
One Stop Career Centers$5,076,425$3,960,051$5,000,000$7,500,000
Mass. Workforce Professionals Association$0$0$0$0
Welfare-To-Work Skills Plus$0$0$0$0
Department of Labor Relations$2,903,875$2,860,158$2,860,158$2,860,158
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$253,821$250,000$250,000$250,000
Workforce Development Initiative$0$0$0$0
Massachusetts Service Alliance$1,421,399$1,400,000$1,400,000$1,400,000
AFL-CIO Workforce Development Programs$152,293$0$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$1,324,794$1,304,849$1,304,849$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$6,091,710$1,000,000$1,000,000$6,000,000
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$1,981,139$1,701,313$1,701,313$1,851,313
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$761,464$0$750,000$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$1,448,022$1,426,222$1,426,222$1,426,222
Microlending$812,228$0$1,000,000$1,000,000
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$5,304,864$4,000,000$6,650,000$5,150,000
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$253,821$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
Massachusetts Office of Travel and Tourism$4,226,809$4,163,175$9,963,175$6,163,175
Anniversary Celebrations$0$0$0$0
Local Tourist Councils Financial Assistance$6,091,710$6,000,000$7,200,000$6,000,000
Mass Office of Travel and Tourism International Marketing$0$0$0$0
Massachusetts Restaurant Commission$1,929,041$0$0$0
Local Economic Development Projects$7,881,657$0$7,901,000$7,298,000
One-Time Local Economic Development Projects$1,147,272$0$0$0
Massachusetts International Trade Council$126,102$122,274$122,273$122,274
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$14,418,941$15,616,675$15,616,675$15,616,675
Mass. Tourism Trust Fund Tax Transfer$1,736,728$1,908,697$1,908,697$1,908,697
Workforce Training Fund (Transfer)$25,382,124$24,511,026$24,511,026$24,511,026
Mass Cultural Council Tax Transfer$3,473,457$3,817,393$3,817,393$3,817,393
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