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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 Gov$212,754,999$212,754,999
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 Gov$212,754,999$212,754,999
FY21$358,326,236$352,931,693

funding levels adjusted for inflation (CPI)

  • Active Line Items
  • All Line Items
FY19FY20FY21FY22 Gov
Mass. Cultural Council$16,866,242$18,684,693$18,457,880$16,298,039
Workforce Competitiveness Trust Fund$5,220,137$7,579,737$10,152,850$7,000,000
Commonwealth Infrastructure Investment Assistance Reserve$14,173,271$13,952,445$13,034,723$12,400,000
Supplier Diversity Office$765,907$950,374$1,006,027$2,477,963
Department of Agricultural Resources Administration$6,558,355$11,951,484$9,811,599$8,176,467
Cannabis and Hemp Oversight$643,607$481,730$2,530,031$959,015
Executive Office of Housing and Economic Development$2,789,668$3,424,620$13,662,162$2,331,480
Summer Jobs Program for At-Risk Youth (YouthWorks)$13,347,889$0$42,220,625$16,240,000
Housing and Economic Development Info. Tech.$2,748,448$3,416,369$3,290,629$3,439,297
Advanced Manufacturing Workforce Development Grants$2,808,433$2,867,453$2,639,741$2,500,000
Community Action Agency Operations and Outreach$0$0$5,076,425$0
Innovation Institute$2,610,068$2,569,402$2,538,212$2,500,000
Urban Agenda Economic Development Grants$678,618$2,523,153$2,538,212$2,500,000
Small Business Technical Assistance Grant Program$2,088,055$3,186,059$5,203,335$4,000,000
Workforce Competitiveness Trust Fund$783,020$0$0$0
Learn to Earn$193,145$932,179$1,124,936$300,000
Career Technical Institutes$0$0$4,061,140$15,379,600
Transformative Development Fund$261,007$1,027,761$1,015,285$250,000
Massachusetts Cybersecurity Innovation Fund$0$1,284,701$964,521$950,000
Working Cities Tech Assistance Grants$574,215$0$0$0
Mass. Tech. Collaborative Tech and Innovation Entrepreneurs$1,644,343$1,567,335$1,522,927$1,350,000
Entrepreneur in Residence Pilot Program$52,201$51,388$50,764$0
Big Data Innovation and Workforce Fund$522,014$513,880$507,642$0
Economic Recovery Programs for Small Business$0$0$57,211,307$0
Community Empowerment and Reinvestment Grant Program$0$0$15,229,274$0
Community Foundation Grants$0$0$5,076,425$0
Executive Office of Labor and Workforce Development$957,647$2,528,480$1,718,492$792,620
Labor and Workforce Development Shared Services$0$14,307,265$12,155,359$12,378,242
Demonstration Workforce Development Program$522,014$0$2,538,212$1,000,000
Registered Apprenticeship Expansion$522,014$307,151$711,862$500,000
Department of Labor Standards$3,541,311$3,634,423$3,590,305$3,536,254
Dept. of Labor Standards Licensing Fees Revenue$472,788$424,770$419,614$413,297
Department of Family and Medical Leave$1,200,631$3,956,879$0$0
Department of Industrial Accidents$20,892,872$19,514,033$19,735,856$18,986,939
Massachusetts Manufacturing Extension Partnership$2,088,055$2,055,522$2,030,570$0
Health Care Worker Training$208,805$205,552$203,057$0
MassHire Department of Career Services$0$6,742,685$2,096,542$2,064,979
One Stop Career Centers$4,238,804$4,481,090$5,076,425$3,960,051
Department of Labor Relations$2,731,475$2,939,559$2,903,875$2,860,158
Joint Labor Management Committee for Municipal Police and Fire$261,007$256,940$253,821$250,000
Massachusetts Service Alliance$3,382,648$1,438,865$1,421,399$1,400,000
AFL-CIO Workforce Development Programs$0$154,164$152,293$0
Office of Consumer Affairs and Business Regulation$1,157,711$1,322,517$1,324,794$1,304,849
Regional Economic Development Grants$1,044,027$1,027,761$6,091,710$1,000,000
Massachusetts Office of Business Development$0$3,697,462$1,981,139$1,701,313
Biotechnology Research Institute$522,014$770,821$761,464$0
Small Business Development Center at UMass$1,226,064$1,465,815$1,448,022$1,426,222
Microlending$313,208$513,880$812,228$0
Commonwealth Zoological Corporation$4,880,828$4,881,864$5,304,864$4,000,000
Mass. Tech. Collab. Computer Science Education$887,423$0$0$0
Small Business Association Layoff Aversion Grant Program$261,007$256,940$253,821$0
Massachusetts Office of Travel and Tourism$5,432,150$4,278,749$4,226,809$4,163,175
Local Tourist Councils Financial Assistance$6,639,852$6,166,565$6,091,710$6,000,000
Massachusetts Restaurant Commission$0$102,776$1,929,041$0
Local Economic Development Projects$10,351,009$13,584,738$7,881,657$0
One-Time Local Economic Development Projects$0$6,438,922$1,147,272$0
Massachusetts International Trade Council$124,274$125,667$126,102$122,274
Race Horse Development Fund Tax Transfer$16,232,679$19,974,618$14,418,941$15,616,675
Mass. Tourism Trust Fund Tax Transfer$0$2,214,332$1,736,728$1,908,697
Workforce Training Fund (Transfer)$25,056,655$25,180,142$25,382,124$24,500,000
Mass Cultural Council Tax Transfer$1,252,295$4,428,665$3,473,457$3,817,393
FY19FY20FY21FY22 Gov
Mass. Cultural Council$16,866,242$18,684,693$18,457,880$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$5,220,137$7,579,737$10,152,850$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$14,173,271$13,952,445$13,034,723$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$765,907$950,374$1,006,027$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$6,558,355$11,951,484$9,811,599$8,176,467
Cannabis and Hemp Oversight$643,607$481,730$2,530,031$959,015
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$2,789,668$3,424,620$13,662,162$2,331,480
Summer Jobs Program for At-Risk Youth (YouthWorks)$13,347,889$0$42,220,625$16,240,000
Permitting Technical Grants$0$0$0$0
Housing and Economic Development Info. Tech.$2,748,448$3,416,369$3,290,629$3,439,297
Advanced Manufacturing Workforce Development Grants$2,808,433$2,867,453$2,639,741$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$0$0$5,076,425$0
Manufacturing College$0$0$0$0
Innovation Institute$2,610,068$2,569,402$2,538,212$2,500,000
International Trade$0$0$0$0
Military Base Promotion$0$0$0$0
Urban Agenda Economic Development Grants$678,618$2,523,153$2,538,212$2,500,000
Community Compact Grants$0$0$0$0
Small Business Technical Assistance Grant Program$2,088,055$3,186,059$5,203,335$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$783,020$0$0$0
Learn to Earn$193,145$932,179$1,124,936$300,000
Career Technical Institutes$0$0$4,061,140$15,379,600
Downtown Regional Grant Program$0$0$0$0
MassVentures Operations$0$0$0$0
Transformative Development Fund$261,007$1,027,761$1,015,285$250,000
Massachusetts Cybersecurity Innovation Fund$0$1,284,701$964,521$950,000
Working Cities Tech Assistance Grants$574,215$0$0$0
Parking Management Plan Grants$0$0$0$0
Mass. Tech. Collaborative Tech and Innovation Entrepreneurs$1,644,343$1,567,335$1,522,927$1,350,000
Entrepreneur in Residence Pilot Program$52,201$51,388$50,764$0
Big Data Innovation and Workforce Fund$522,014$513,880$507,642$0
North Shore InnoVentures$0$0$0$0
Digital Health Internship Incentive Fund$0$0$0$0
Economic Recovery Programs for Small Business$0$0$57,211,307$0
Community Empowerment and Reinvestment Grant Program$0$0$15,229,274$0
Community Foundation Grants$0$0$5,076,425$0
Electricity Deregulation Supplemental Unemployment Insurance$0$0$0$0
Executive Office of Labor and Workforce Development$957,647$2,528,480$1,718,492$792,620
Labor and Workforce Development Shared Services$0$14,307,265$12,155,359$12,378,242
Demonstration Workforce Development Program$522,014$0$2,538,212$1,000,000
Registered Apprenticeship Expansion$522,014$307,151$711,862$500,000
Labor and Workforce Development Info. Technology$0$0$0$0
Department of Labor Standards$3,541,311$3,634,423$3,590,305$3,536,254
Dept. of Labor Standards Licensing Fees Revenue$472,788$424,770$419,614$413,297
Department of Family and Medical Leave$1,200,631$3,956,879$0$0
Re-Employment Assistance$0$0$0$0
Economic Stabilization Trust$0$0$0$0
Department of Industrial Accidents$20,892,872$19,514,033$19,735,856$18,986,939
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$2,088,055$2,055,522$2,030,570$0
Health Care Worker Training$208,805$205,552$203,057$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$6,742,685$2,096,542$2,064,979
Just-A-Start Biotech Training$0$0$0$0
One Stop Career Centers$4,238,804$4,481,090$5,076,425$3,960,051
Mass. Workforce Professionals Association$0$0$0$0
Welfare-To-Work Skills Plus$0$0$0$0
Department of Labor Relations$2,731,475$2,939,559$2,903,875$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$261,007$256,940$253,821$250,000
Workforce Development Initiative$0$0$0$0
Massachusetts Service Alliance$3,382,648$1,438,865$1,421,399$1,400,000
AFL-CIO Workforce Development Programs$0$154,164$152,293$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$1,157,711$1,322,517$1,324,794$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$1,044,027$1,027,761$6,091,710$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$0$3,697,462$1,981,139$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$522,014$770,821$761,464$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$1,226,064$1,465,815$1,448,022$1,426,222
Microlending$313,208$513,880$812,228$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$4,880,828$4,881,864$5,304,864$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$887,423$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$261,007$256,940$253,821$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$5,432,150$4,278,749$4,226,809$4,163,175
Anniversary Celebrations$0$0$0$0
Local Tourist Councils Financial Assistance$6,639,852$6,166,565$6,091,710$6,000,000
Mass Office of Travel and Tourism International Marketing$0$0$0$0
Massachusetts Restaurant Commission$0$102,776$1,929,041$0
Local Economic Development Projects$10,351,009$13,584,738$7,881,657$0
One-Time Local Economic Development Projects$0$6,438,922$1,147,272$0
Massachusetts International Trade Council$124,274$125,667$126,102$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$16,232,679$19,974,618$14,418,941$15,616,675
Mass. Tourism Trust Fund Tax Transfer$0$2,214,332$1,736,728$1,908,697
Workforce Training Fund (Transfer)$25,056,655$25,180,142$25,382,124$24,500,000
Mass Cultural Council Tax Transfer$1,252,295$4,428,665$3,473,457$3,817,393
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