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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 Gov$288,297,629$288,297,629
FY24$1,125,240,013$1,135,187,494
FY23$1,512,763,268$1,436,363,493
FY22$398,892,043$363,567,991
FY21$409,606,687$348,377,357
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 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
FY22FY23FY24FY25 Gov
Massachusetts Cultural Council$23,451,782$24,620,416$25,668,086$25,546,197
Workforce Competitiveness Trust Fund$18,651,710$17,904,225$9,912,371$10,000,000
Mass. Life Sciences Investment Fund$21,943,188$10,531,897$0$0
Commonwealth Infrastructure Investment Assistance Reserve$13,604,777$13,691,466$14,868,557$13,000,000
2023 Farm Natural Disaster Reserve$0$21,063,794$19,824,743$0
2023 Storms and Natural Disasters$0$15,797,846$14,868,557$0
Broadband Equity$0$26,329,743$24,780,929$0
Broadband Support Fund Appropriation$0$52,659,486$37,245,736$0
Business Support$0$161,138,027$151,659,284$0
Local Community Development Projects$0$94,527,990$86,980,379$0
Investments in Green Space and Infrastructure$0$105,318,972$99,123,715$0
Investments in Environmental Justice Communities$0$78,989,229$74,342,786$0
Local Parks Projects$0$25,340,324$22,280,872$0
ARPA Clean Water Trust Fund$0$121,116,818$0$0
Port Infrastructure$0$105,318,972$0$0
Agricultural Sector Development$0$12,638,277$11,894,846$0
Career and Workforce Development System Assessment$0$526,595$495,619$0
Local Public Service Needs$0$46,507,805$37,764,200$0
Local Economic Development Projects$0$91,174,634$84,994,358$0
Economic Development$0$80,032,248$69,872,091$0
Supplier Diversity Office$3,206,956$4,672,489$3,945,029$4,996,316
Flood Control Compacts$0$533,061$1,003,410$506,140
Dam Safety Technical Assistance$0$0$0$2,800,000
Department of Agricultural Resources Administration$10,669,289$11,310,763$12,522,870$11,233,075
Cannabis and Hemp Oversight$2,807,648$1,031,879$1,003,049$1,075,496
Executive Office of Housing and Economic Development$4,681,009$4,708,522$5,805,760$5,253,258
Summer Jobs Program for At Risk Youth (YouthWorks)$26,331,826$58,037,714$21,988,351$15,740,000
Housing and Economic Development IT Costs$3,712,385$4,804,933$4,420,230$2,173,400
Workforce Development Grant$2,742,899$2,632,974$2,973,711$2,500,000
Mass. Life Sciences Center$0$0$0$10,000,000
Community Action Grants$7,131,536$7,898,923$7,607,745$0
Innovation Institute$2,742,899$2,632,974$2,478,093$2,500,000
Urban Agenda Economic Development Grants$2,742,899$2,900,874$2,512,786$2,500,000
Small Business Technical Assistance Grant Program$7,680,116$33,860,050$5,154,433$7,500,000
Learn to Earn$595,758$1,053,190$297,371$300,000
Career Technical Institutes$16,873,873$21,490,146$15,492,640$10,379,600
Transformative Development Fund$1,097,159$1,105,849$991,237$250,000
Massachusetts Cybersecurity Innovation Fund$2,688,041$2,580,315$2,428,531$950,000
Mass. Tech. Collaborative Tech and Innovation Entrepreneurs$1,481,165$1,421,957$1,338,312$1,350,000
Entrepreneur in Residence Pilot Program$0$0$0$220,000
Center for Advanced Manufacturing$0$1,263,828$1,189,485$1,200,000
Massachusetts Downtown Initiative$0$0$594,742$600,000
MA Technology Transfer Center$0$0$396,495$400,000
Culture and Tourism Programs and Special Projects$14,904,911$12,704,101$7,695,033$0
Community Empowerment and Reinvestment Grant Program$8,228,696$25,284,639$14,868,557$7,500,000
Community Foundation Grants$8,228,696$7,898,923$9,912,371$0
Small Business Programs and Special Projects$1,492,137$1,024,227$664,977$0
Executive Office of Labor and Workforce Development$3,228,523$2,805,347$4,102,360$1,772,532
Labor and Workforce Development Shared Services$13,580,905$30,696,434$20,309,734$20,378,415
Workforce Development Programs and Special Projects$2,775,813$2,539,459$569,971$0
Department of Economic Research$0$631,914$843,433$900,702
Demonstration Workforce Dev Program$4,169,206$3,949,461$4,999,677$2,500,000
Registered Apprenticeship Expansion$1,582,104$1,053,190$3,783,947$3,817,398
Department of Labor Standards$4,318,698$4,426,035$4,193,435$4,763,844
Asbestos Deleading EA Services$453,453$448,153$431,948$441,118
Department of Industrial Accidents$20,831,700$20,699,062$19,660,517$22,660,527
Massachusetts Manufacturing Extension Partnership$2,194,319$2,106,379$1,982,474$1,700,000
Health Care Worker Training$219,432$1,053,190$991,237$1,000,000
MassHire Department of Career Services$2,265,612$2,174,816$2,201,719$2,221,183
One Stop Career Centers$10,423,014$15,797,846$5,957,386$9,960,051
Department of Labor Relations$3,138,049$3,019,694$3,121,418$3,558,568
Joint Labor Management Committee for Municipal Police and Fire$274,290$315,957$297,371$291,433
Massachusetts Service Alliance$1,536,023$2,317,017$2,260,021$1,200,000
AFL-CIO Workforce Development Programs$164,574$157,978$148,686$150,000
Office of Consumer Affairs and Business Regulation$1,431,627$1,505,561$1,438,767$1,742,586
Regional Economic Development Grants$5,156,649$2,867,660$1,982,474$1,000,000
Massachusetts Office of Business Development$2,031,185$2,465,846$1,346,480$1,340,220
Biotechnology Research Institute$822,870$789,892$743,428$750,000
Small Business Development Center at UMass$1,564,793$1,502,082$1,413,724$1,426,222
Microlending$219,432$2,948,931$1,784,227$0
Commonwealth Zoological Corporation$7,899,548$7,477,647$7,186,469$4,000,000
Commonwealth’s 250th Anniversary Celebration$0$1,053,190$991,237$0
Massachusetts Office of Travel and Tourism$14,281,607$11,424,924$14,292,199$4,271,019
Local Tourist Councils Financial Assistance$6,582,956$0$5,947,423$6,000,000
Local Economic Development Projects$15,128,731$19,074,860$42,298,507$0
One-Time Local Economic Development Projects$219,432$72,263$232,558$0
Massachusetts International Trade Council$134,154$128,778$127,575$143,829
Disaster Relief and Resiliency Fund$0$0$0$13,834,500
Offshore Wind Energy Career Training Trust Fund$14,263,072$0$0$0
Massachusetts Cultural and Performing Arts Mitigation Trust Fund.$4,188,289$4,575,662$5,352,681$6,000,000
Race Horse Development Fund$17,133,982$18,511,963$20,815,980$0
Mass. Tourism Trust Fund$2,094,144$2,287,831$2,507,830$3,000,000
Workforce Training Trust Fund$26,892,503$25,803,148$27,060,774$27,000,000
FY22FY23FY24FY25 Gov
Massachusetts Cultural Council$23,451,782$24,620,416$25,668,086$25,546,197
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$18,651,710$17,904,225$9,912,371$10,000,000
Mass. Life Sciences Investment Fund$21,943,188$10,531,897$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$13,604,777$13,691,466$14,868,557$13,000,000
District Local Technical Assistance Fund$0$0$0$0
2023 Farm Natural Disaster Reserve$0$21,063,794$19,824,743$0
2023 Storms and Natural Disasters$0$15,797,846$14,868,557$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$26,329,743$24,780,929$0
Broadband Support Fund Appropriation$0$52,659,486$37,245,736$0
Business Support$0$161,138,027$151,659,284$0
Local Community Development Projects$0$94,527,990$86,980,379$0
Investments in Green Space and Infrastructure$0$105,318,972$99,123,715$0
Investments in Environmental Justice Communities$0$78,989,229$74,342,786$0
Local Parks Projects$0$25,340,324$22,280,872$0
ARPA Clean Water Trust Fund$0$121,116,818$0$0
Port Infrastructure$0$105,318,972$0$0
Agricultural Sector Development$0$12,638,277$11,894,846$0
Career and Workforce Development System Assessment$0$526,595$495,619$0
Local Public Service Needs$0$46,507,805$37,764,200$0
Local Economic Development Projects$0$91,174,634$84,994,358$0
Economic Development$0$80,032,248$69,872,091$0
MassPort Tourism$0$0$0$0
Supplier Diversity Office$0$0$0$0
Supplier Diversity Office$3,206,956$4,672,489$3,945,029$4,996,316
Flood Control Compacts$0$533,061$1,003,410$506,140
Dam Safety Technical Assistance$0$0$0$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$10,669,289$11,310,763$12,522,870$11,233,075
Cannabis and Hemp Oversight$2,807,648$1,031,879$1,003,049$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$4,681,009$4,708,522$5,805,760$5,253,258
Summer Jobs Program for At Risk Youth (YouthWorks)$26,331,826$58,037,714$21,988,351$15,740,000
Permitting Technical Grants$0$0$0$0
Housing and Economic Development IT Costs$3,712,385$4,804,933$4,420,230$2,173,400
Workforce Development Grant$2,742,899$2,632,974$2,973,711$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$10,000,000
Community Action Grants$7,131,536$7,898,923$7,607,745$0
Manufacturing College$0$0$0$0
Innovation Institute$2,742,899$2,632,974$2,478,093$2,500,000
International Trade$0$0$0$0
Military Base Promotion$0$0$0$0
Urban Agenda Economic Development Grants$2,742,899$2,900,874$2,512,786$2,500,000
Community Compact Grants$0$0$0$0
Small Business Technical Assistance Grant Program$7,680,116$33,860,050$5,154,433$7,500,000
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$595,758$1,053,190$297,371$300,000
Career Technical Institutes$16,873,873$21,490,146$15,492,640$10,379,600
Downtown Regional Grant Program$0$0$0$0
MassVentures Operations$0$0$0$0
Transformative Development Fund$1,097,159$1,105,849$991,237$250,000
Massachusetts Cybersecurity Innovation Fund$2,688,041$2,580,315$2,428,531$950,000
Working Cities Tech Assistance Grants$0$0$0$0
Parking Management Plan Grants$0$0$0$0
Mass. Tech. Collaborative Tech and Innovation Entrepreneurs$1,481,165$1,421,957$1,338,312$1,350,000
Entrepreneur in Residence Pilot Program$0$0$0$220,000
Center for Advanced Manufacturing$0$1,263,828$1,189,485$1,200,000
Big Data Innovation and Workforce Fund$0$0$0$0
North Shore InnoVentures$0$0$0$0
Massachusetts Downtown Initiative$0$0$594,742$600,000
MA Technology Transfer Center$0$0$396,495$400,000
Culture and Tourism Programs and Special Projects$14,904,911$12,704,101$7,695,033$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$8,228,696$25,284,639$14,868,557$7,500,000
Community Foundation Grants$8,228,696$7,898,923$9,912,371$0
Small Business Programs and Special Projects$1,492,137$1,024,227$664,977$0
Electricity Deregulation Supplemental Unemployment Insurance$0$0$0$0
Executive Office of Labor and Workforce Development$3,228,523$2,805,347$4,102,360$1,772,532
Labor and Workforce Development Shared Services$13,580,905$30,696,434$20,309,734$20,378,415
Workforce Development Programs and Special Projects$2,775,813$2,539,459$569,971$0
Department of Economic Research$0$631,914$843,433$900,702
Demonstration Workforce Dev Program$4,169,206$3,949,461$4,999,677$2,500,000
Registered Apprenticeship Expansion$1,582,104$1,053,190$3,783,947$3,817,398
Labor and Workforce Development IT Costs$0$0$0$0
Department of Labor Standards$4,318,698$4,426,035$4,193,435$4,763,844
Asbestos Deleading EA Services$453,453$448,153$431,948$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$20,831,700$20,699,062$19,660,517$22,660,527
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$2,194,319$2,106,379$1,982,474$1,700,000
Health Care Worker Training$219,432$1,053,190$991,237$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$2,265,612$2,174,816$2,201,719$2,221,183
Just-A-Start Biotech Training$0$0$0$0
One Stop Career Centers$10,423,014$15,797,846$5,957,386$9,960,051
Mass. Workforce Professionals Association$0$0$0$0
Welfare-To-Work Skills Plus$0$0$0$0
Department of Labor Relations$3,138,049$3,019,694$3,121,418$3,558,568
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$274,290$315,957$297,371$291,433
Workforce Development Initiative$0$0$0$0
Massachusetts Service Alliance$1,536,023$2,317,017$2,260,021$1,200,000
AFL-CIO Workforce Development Programs$164,574$157,978$148,686$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$1,431,627$1,505,561$1,438,767$1,742,586
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$5,156,649$2,867,660$1,982,474$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$2,031,185$2,465,846$1,346,480$1,340,220
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$822,870$789,892$743,428$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$1,564,793$1,502,082$1,413,724$1,426,222
Microlending$219,432$2,948,931$1,784,227$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$7,899,548$7,477,647$7,186,469$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$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$1,053,190$991,237$0
Massachusetts Office of Travel and Tourism$14,281,607$11,424,924$14,292,199$4,271,019
Anniversary Celebrations$0$0$0$0
Local Tourist Councils Financial Assistance$6,582,956$0$5,947,423$6,000,000
Mass Office of Travel and Tourism International Marketing$0$0$0$0
Massachusetts Restaurant Commission$0$0$0$0
Local Economic Development Projects$15,128,731$19,074,860$42,298,507$0
One-Time Local Economic Development Projects$219,432$72,263$232,558$0
Massachusetts International Trade Council$134,154$128,778$127,575$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$13,834,500
Emerging Technologies Fund$0$0$0$0
Mass. Research Center Matching Fund$0$0$0$0
Offshore Wind Energy Career Training Trust Fund$14,263,072$0$0$0
Smart Growth Housing Trust$0$0$0$0
Massachusetts Cultural and Performing Arts Mitigation Trust Fund.$4,188,289$4,575,662$5,352,681$6,000,000
Race Horse Development Fund$17,133,982$18,511,963$20,815,980$0
Mass. Tourism Trust Fund$2,094,144$2,287,831$2,507,830$3,000,000
Workforce Training Trust Fund$26,892,503$25,803,148$27,060,774$27,000,000
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