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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
FY23 GAA$384,388,029$384,388,029
FY22$375,402,524$359,835,273
FY21$388,920,133$348,377,357
FY20$262,598,712$229,960,470
FY19$213,023,573$183,644,536
FY18$168,474,823$142,289,823
FY17$153,666,299$126,937,368
FY16$184,665,664$149,758,534
FY15$190,826,984$153,733,740
FY14$222,425,020$177,916,666
FY13$145,564,358$114,652,269
FY12$192,088,233$148,788,629
FY11$127,980,948$96,303,818
FY10$142,938,267$105,466,788
FY09$188,285,940$137,572,431
FY08$232,909,964$167,826,896
FY07$568,645,077$395,089,313
FY06$288,757,549$195,544,062
FY05$164,346,928$107,243,052
FY04$186,862,489$118,378,636
FY03$240,626,500$149,148,560
FY02$276,611,318$167,757,499
FY01$355,311,669$211,737,839

comparisons adjusted for inflation (CPI)

  • See Changes in Funding
Between and
Funding for Economic Development
61.2%

comparisons adjusted for inflation (CPI)

Adjusted for inflation (CPI) NOT adjusted
FY23 GAA$384,388,029$384,388,029
FY23 Leg$384,388,029$384,388,029
FY23 Sen$308,726,028$308,726,028
FY23 SWM$294,252,958$294,252,958
FY23 Hou$330,393,957$330,393,957
FY23 HWM$311,331,957$311,331,957
FY23 Gov$255,390,169$255,390,169
FY22$375,402,524$359,835,273
FY22 GAA$339,181,155$325,115,937

funding levels adjusted for inflation (CPI)

  • Active Line Items
  • All Line Items
FY22FY23 GovFY23 HouFY23 SenFY23 GAA
Mass. Cultural Council$22,299,729$20,382,378$23,107,000$22,270,000$23,377,000
Workforce Competitiveness Trust Fund$17,735,457$7,000,000$17,000,000$17,000,000$17,000,000
Mass. Life Sciences Investment Fund$10,432,622$0$0$0$0
Commonwealth Infrastructure Investment Assistance Reserve$12,936,451$13,000,000$13,000,000$13,000,000$13,000,000
Supplier Diversity Office$3,628,427$3,881,512$3,775,512$3,881,512$3,881,512
Department of Agricultural Resources Administration$10,303,743$8,726,960$9,551,960$10,307,530$10,587,530
Cannabis and Hemp Oversight$2,669,725$979,766$979,765$979,766$979,766
Executive Office of Housing and Economic Development$4,701,440$2,618,226$3,493,225$3,368,225$4,243,225
Summer Jobs Program for At-Risk Youth (YouthWorks)$25,038,292$16,240,000$28,375,000$24,100,000$28,475,000
Housing and Economic Development Info. Tech.$3,660,424$5,327,267$4,437,267$4,437,267$4,437,267
Advanced Manufacturing Workforce Development Grants$2,608,155$2,500,000$0$2,500,000$2,500,000
Mass. Life Sciences Center$0$10,000,000$0$0$0
Community Action Agency Operations and Outreach$6,781,204$0$7,500,000$0$7,500,000
Innovation Institute$2,608,155$2,500,000$0$2,500,000$2,500,000
Urban Agenda Economic Development Grants$2,608,155$2,500,000$2,600,000$0$2,600,000
Small Business Technical Assistance Grant Program$7,302,835$4,000,000$31,150,000$7,000,000$32,150,000
Learn to Earn$566,491$300,000$1,000,000$300,000$1,000,000
Career Technical Institutes$16,044,955$15,379,600$20,404,819$15,379,819$20,404,819
Transformative Development Fund$1,043,262$250,000$1,050,000$250,000$1,050,000
Massachusetts Cybersecurity Innovation Fund$2,555,992$950,000$0$2,450,000$2,450,000
Mass. Tech. Collaborative Tech and Innovation Entrepreneurs$1,408,404$1,350,000$0$1,350,000$1,350,000
Center for Advanced Manufacturing$0$0$0$1,200,000$1,200,000
Culture and Tourism Earmarks$14,172,716$0$0$0$0
Community Empowerment and Reinvestment Grant Program$7,824,466$7,500,000$0$20,000,000$20,000,000
Community Foundation Grants$7,824,466$0$0$7,500,000$7,500,000
Small Business Earmarks$1,418,837$0$0$0$0
Executive Office of Labor and Workforce Development$3,069,924$1,193,667$2,128,666$2,078,667$2,663,667
Labor and Workforce Development Shared Services$14,478,645$15,041,976$15,041,976$15,041,976$15,041,976
Workforce Development Earmarks$2,639,453$0$0$0$0
Department of Economic Research$0$600,000$600,000$0$600,000
Demonstration Workforce Development Program$3,964,396$2,500,000$3,750,000$2,500,000$3,750,000
Registered Apprenticeship Expansion$1,504,384$1,000,000$1,000,000$1,000,000$1,000,000
Department of Labor Standards$4,106,545$4,202,504$4,202,505$4,202,504$4,202,505
Dept. of Labor Standards Licensing Fees Revenue$431,177$425,520$425,520$425,520$425,520
Department of Industrial Accidents$19,808,356$19,653,688$19,653,688$19,653,688$19,653,688
Massachusetts Manufacturing Extension Partnership$2,086,524$2,000,000$2,000,000$2,000,000$2,000,000
Health Care Worker Training$208,652$0$1,000,000$0$1,000,000
MassHire Department of Career Services$2,154,315$2,064,980$2,064,980$2,064,980$2,064,980
One Stop Career Centers$9,910,991$5,960,051$15,000,000$10,000,000$15,000,000
Department of Labor Relations$2,983,895$2,867,189$2,867,189$2,867,189$2,867,189
Joint Labor Management Committee for Municipal Police and Fire$260,816$250,000$250,000$300,000$300,000
Massachusetts Service Alliance$1,460,567$1,400,000$1,600,000$2,000,000$2,200,000
AFL-CIO Workforce Development Programs$156,489$0$150,000$150,000$150,000
Office of Consumer Affairs and Business Regulation$1,361,300$1,429,525$1,429,525$1,429,525$1,429,525
Regional Economic Development Grants$6,259,573$1,000,000$1,000,000$2,000,000$2,000,000
Massachusetts Office of Business Development$1,931,405$2,041,312$2,041,312$2,341,312$2,341,312
Biotechnology Research Institute$782,447$750,000$750,000$0$750,000
Small Business Development Center at UMass$1,487,923$1,426,222$1,426,222$1,426,222$1,426,222
Microlending$1,564,893$1,300,000$1,300,000$1,300,000$1,500,000
Commonwealth Zoological Corporation$7,511,488$4,000,000$6,600,000$7,100,000$7,100,000
Massachusetts Office of Travel and Tourism$13,732,642$4,181,644$14,776,644$4,181,644$14,701,644
Local Tourist Councils Financial Assistance$6,259,573$6,000,000$6,000,000$6,000,000$6,000,000
Local Economic Development Projects$15,375,598$0$7,195,000$10,172,500$17,317,500
One-Time Local Economic Development Projects$208,652$0$0$0$0
Massachusetts International Trade Council$127,564$122,274$122,274$122,274$122,274
Offshore Wind Energy Career Training Trust Fund$13,562,408$0$0$0$0
Massachusetts Cultural and Performing Arts Mitigation Trust Fund.$3,982,542$4,344,575$4,344,575$4,344,575$4,344,575
Race Horse Development Fund Tax Transfer$16,292,286$17,577,045$17,577,045$17,577,045$17,577,045
Mass. Tourism Trust Fund Tax Transfer$1,991,271$2,172,288$2,172,288$2,172,288$2,172,288
Workforce Training Fund (Transfer)$25,571,426$24,500,000$24,500,000$24,500,000$24,500,000
FY22FY23 GovFY23 HouFY23 SenFY23 GAA
Mass. Cultural Council$22,299,729$20,382,378$23,107,000$22,270,000$23,377,000
Cultural Resources Act$0$0$0$0$0
John and Abigail Adams Arts Program$0$0$0$0$0
Mass. Development Finance Agency$0$0$0$0$0
Mass Development Small Business Loan Reserve$0$0$0$0$0
Economic Stimulus Trust Fund$0$0$0$0$0
Capital Needs Investment Trust$0$0$0$0$0
Educational Rewards Grant Program$0$0$0$0$0
Commonwealth Information Technology Initiative$0$0$0$0$0
Board of Higher Education Scholar-Internship Match$0$0$0$0$0
Workforce Competitiveness Trust Fund$0$0$0$0$0
District Local Technical Assistance Fund$0$0$0$0$0
Workforce Competitiveness Trust Fund$17,735,457$7,000,000$17,000,000$17,000,000$17,000,000
Mass. Life Sciences Investment Fund$10,432,622$0$0$0$0
Infrastructure Development Fund$0$0$0$0$0
Mass. Cultural Facilities Fund$0$0$0$0$0
Mass. Technology Transfer Center$0$0$0$0$0
Dept. of Business and Technology Grants$0$0$0$0$0
Historical Preservation Grants$0$0$0$0$0
Dairy Farmer Reserve$0$0$0$0$0
Mass. Port Authority Tourism$0$0$0$0$0
Commonwealth Infrastructure Investment Assistance Reserve$12,936,451$13,000,000$13,000,000$13,000,000$13,000,000
District Local Technical Assistance Fund$0$0$0$0$0
Historic Preservation Reserve$0$0$0$0$0
Mass. High Tech Council Grant$0$0$0$0$0
Mass. Defense Technology Institute$0$0$0$0$0
MassPort Tourism$0$0$0$0$0
Supplier Diversity Office$0$0$0$0$0
Supplier Diversity Office$3,628,427$3,881,512$3,775,512$3,881,512$3,881,512
Commonwealth Zoological Corporation$0$0$0$0$0
Commonwealth Zoological Corporation$0$0$0$0$0
Commonwealth Zoological Corporation$0$0$0$0$0
Department of Agricultural Resources Administration$10,303,743$8,726,960$9,551,960$10,307,530$10,587,530
Cannabis and Hemp Oversight$2,669,725$979,766$979,765$979,766$979,766
Agricultural Innovation Center$0$0$0$0$0
Aquaculture Development$0$0$0$0$0
Commonwealth Zoological Corporation$0$0$0$0$0
Department of Labor$0$0$0$0$0
Executive Office of Housing and Economic Development$4,701,440$2,618,226$3,493,225$3,368,225$4,243,225
Summer Jobs Program for At-Risk Youth (YouthWorks)$25,038,292$16,240,000$28,375,000$24,100,000$28,475,000
Permitting Technical Grants$0$0$0$0$0
Housing and Economic Development Info. Tech.$3,660,424$5,327,267$4,437,267$4,437,267$4,437,267
Advanced Manufacturing Workforce Development Grants$2,608,155$2,500,000$0$2,500,000$2,500,000
Local Capital Projects Program$0$0$0$0$0
Advanced Manufacturing Futures Program$0$0$0$0$0
Mass. Life Sciences Center$0$10,000,000$0$0$0
Community Action Agency Operations and Outreach$6,781,204$0$7,500,000$0$7,500,000
Manufacturing College$0$0$0$0$0
Innovation Institute$2,608,155$2,500,000$0$2,500,000$2,500,000
International Trade$0$0$0$0$0
Military Base Promotion$0$0$0$0$0
Urban Agenda Economic Development Grants$2,608,155$2,500,000$2,600,000$0$2,600,000
Community Compact Grants$0$0$0$0$0
Small Business Technical Assistance Grant Program$7,302,835$4,000,000$31,150,000$7,000,000$32,150,000
Wireless Broadband Affairs Director$0$0$0$0$0
Executive Office of Labor and Workforce Development$0$0$0$0$0
Apprentice Training Program$0$0$0$0$0
Labor and Workforce Development Info. Technology$0$0$0$0$0
Division of Occupational Safety$0$0$0$0$0
Asbestos Abatement and Deleading Services Revenue$0$0$0$0$0
Occupational Hygiene Program$0$0$0$0$0
Division of Industrial Accidents$0$0$0$0$0
Labor Relations Commission$0$0$0$0$0
Joint Labor-Management Committee$0$0$0$0$0
Board of Conciliation and Arbitration$0$0$0$0$0
Division of Labor Relations$0$0$0$0$0
Arbitration and Mediation Retained Revenue$0$0$0$0$0
Workforce Competitiveness Trust Fund$0$0$0$0$0
Learn to Earn$566,491$300,000$1,000,000$300,000$1,000,000
Career Technical Institutes$16,044,955$15,379,600$20,404,819$15,379,819$20,404,819
Downtown Regional Grant Program$0$0$0$0$0
MassVentures Operations$0$0$0$0$0
Transformative Development Fund$1,043,262$250,000$1,050,000$250,000$1,050,000
Massachusetts Cybersecurity Innovation Fund$2,555,992$950,000$0$2,450,000$2,450,000
Working Cities Tech Assistance Grants$0$0$0$0$0
Parking Management Plan Grants$0$0$0$0$0
Mass. Tech. Collaborative Tech and Innovation Entrepreneurs$1,408,404$1,350,000$0$1,350,000$1,350,000
Entrepreneur in Residence Pilot Program$0$0$0$0$0
Center for Advanced Manufacturing$0$0$0$1,200,000$1,200,000
Big Data Innovation and Workforce Fund$0$0$0$0$0
North Shore InnoVentures$0$0$0$0$0
Culture and Tourism Earmarks$14,172,716$0$0$0$0
Digital Health Internship Incentive Fund$0$0$0$0$0
Economic Recovery Programs for Small Business$0$0$0$0$0
Community Empowerment and Reinvestment Grant Program$7,824,466$7,500,000$0$20,000,000$20,000,000
Community Foundation Grants$7,824,466$0$0$7,500,000$7,500,000
Small Business Earmarks$1,418,837$0$0$0$0
Electricity Deregulation Supplemental Unemployment Insurance$0$0$0$0$0
Executive Office of Labor and Workforce Development$3,069,924$1,193,667$2,128,666$2,078,667$2,663,667
Labor and Workforce Development Shared Services$14,478,645$15,041,976$15,041,976$15,041,976$15,041,976
Workforce Development Earmarks$2,639,453$0$0$0$0
Department of Economic Research$0$600,000$600,000$0$600,000
Demonstration Workforce Development Program$3,964,396$2,500,000$3,750,000$2,500,000$3,750,000
Registered Apprenticeship Expansion$1,504,384$1,000,000$1,000,000$1,000,000$1,000,000
Labor and Workforce Development Info. Technology$0$0$0$0$0
Department of Labor Standards$4,106,545$4,202,504$4,202,505$4,202,504$4,202,505
Dept. of Labor Standards Licensing Fees Revenue$431,177$425,520$425,520$425,520$425,520
Department of Family and Medical Leave$0$0$0$0$0
Re-Employment Assistance$0$0$0$0$0
Economic Stabilization Trust$0$0$0$0$0
Department of Industrial Accidents$19,808,356$19,653,688$19,653,688$19,653,688$19,653,688
Manufacturing Assistance$0$0$0$0$0
Direct Care Workforce Development Contract$0$0$0$0$0
Summer Jobs Program$0$0$0$0$0
Health Care Career Ladder Programs$0$0$0$0$0
Mass. Manufacturing Extension Partnership$0$0$0$0$0
Massachusetts Manufacturing Extension Partnership$2,086,524$2,000,000$2,000,000$2,000,000$2,000,000
Health Care Worker Training$208,652$0$1,000,000$0$1,000,000
Commonwealth Corporation Grants$0$0$0$0$0
Workforce Training Fund$0$0$0$0$0
Individual Training Grants$0$0$0$0$0
Racetrack Employee Re-Training$0$0$0$0$0
MassHire Department of Career Services$2,154,315$2,064,980$2,064,980$2,064,980$2,064,980
Just-A-Start Biotech Training$0$0$0$0$0
One Stop Career Centers$9,910,991$5,960,051$15,000,000$10,000,000$15,000,000
Mass. Workforce Professionals Association$0$0$0$0$0
Welfare-To-Work Skills Plus$0$0$0$0$0
Department of Labor Relations$2,983,895$2,867,189$2,867,189$2,867,189$2,867,189
Summer Jobs Program for At-Risk Youth$0$0$0$0$0
Arbitration and Mediation Retained Revenue$0$0$0$0$0
Joint Labor Management Committee for Municipal Police and Fire$260,816$250,000$250,000$300,000$300,000
Workforce Development Initiative$0$0$0$0$0
Massachusetts Service Alliance$1,460,567$1,400,000$1,600,000$2,000,000$2,200,000
AFL-CIO Workforce Development Programs$156,489$0$150,000$150,000$150,000
Small Business Association Layoff Aversion Program$0$0$0$0$0
Workforce Development Tracking$0$0$0$0$0
DES Youth Service And Conservation Corps$0$0$0$0$0
Commonwealth Development Coordinating Council$0$0$0$0$0
Grants to Municipalities$0$0$0$0$0
Municipal Economic Development$0$0$0$0$0
Community Development Action Grant$0$0$0$0$0
Quincy Center Revitalization$0$0$0$0$0
Economic Grants to Municipalities$0$0$0$0$0
Management Incentive Grants$0$0$0$0$0
Community Investment Grant Program$0$0$0$0$0
Grant to Worcester - CitySquare Project$0$0$0$0$0
Worcester Medical City Grant$0$0$0$0$0
Non-Fed Aided Urban Renewal$0$0$0$0$0
Urban Revitalization and Development$0$0$0$0$0
Office of Consumer Affairs and Business Regulation$1,361,300$1,429,525$1,429,525$1,429,525$1,429,525
Comprehensive Document Imaging System$0$0$0$0$0
Precision Manufacturing Pilot$0$0$0$0$0
Department of Business and Technology$0$0$0$0$0
Mystic Valley Economic Development$0$0$0$0$0
Regional Economic Development Grants$6,259,573$1,000,000$1,000,000$2,000,000$2,000,000
Mass. Opportunity Relocation and Expansion Program$0$0$0$0$0
BRAC Program MBDC$0$0$0$0$0
Brownfields Redevelopment Fund$0$0$0$0$0
Mass. Business to Business Program$0$0$0$0$0
Massachusetts Office of Business Development$1,931,405$2,041,312$2,041,312$2,341,312$2,341,312
In-State Sales Force$0$0$0$0$0
Office of Small Business and Entrepreneurship$0$0$0$0$0
Manufacturing Initiatives$0$0$0$0$0
Mass. Manufacturing Extension Partnership$0$0$0$0$0
Mass. Office of Business Development Grants$0$0$0$0$0
Biotechnology Research Institute$782,447$750,000$750,000$0$750,000
Mass. Manufacturing Extension Partnership$0$0$0$0$0
Economic Development Grants$0$0$0$0$0
Devens Progress Review$0$0$0$0$0
Small Business Development Center at UMass$1,487,923$1,426,222$1,426,222$1,426,222$1,426,222
Microlending$1,564,893$1,300,000$1,300,000$1,300,000$1,500,000
Year Up$0$0$0$0$0
Mass. Office of Travel and Tourism$0$0$0$0$0
Mass. Sports and Entertainment Commission$0$0$0$0$0
UMass Boston Venture Development Center$0$0$0$0$0
Local Travel and Tourism Grants$0$0$0$0$0
Commonwealth Zoological Corporation$0$0$0$0$0
Commonwealth Zoological Corporation$7,511,488$4,000,000$6,600,000$7,100,000$7,100,000
Mass. Office of Travel and Tourism Competitive Grants$0$0$0$0$0
Mass. Film Office$0$0$0$0$0
Local Tourist Councils Financial Assistance$0$0$0$0$0
MassDevelopment Reserve II$0$0$0$0$0
Business Export Grants$0$0$0$0$0
Mass. Technology Collab./Mass. Technology Park Corp.$0$0$0$0$0
Mass. Tech. Collab. Computer Science Education$0$0$0$0$0
Mass. International Trade Council$0$0$0$0$0
MassDevelopment Reserve$0$0$0$0$0
State Office of Minority and Women Business Assistance$0$0$0$0$0
Small Business Association Layoff Aversion Grant Program$0$0$0$0$0
Mass. Office of Travel and Tourism$0$0$0$0$0
Mass. Technology Development Corporation$0$0$0$0$0
Mass. Technology Park Corporation$0$0$0$0$0
Westfield - Engineering and Infrastructure Improvements$0$0$0$0$0
Massachusetts Office of Travel and Tourism$13,732,642$4,181,644$14,776,644$4,181,644$14,701,644
Anniversary Celebrations$0$0$0$0$0
Local Tourist Councils Financial Assistance$6,259,573$6,000,000$6,000,000$6,000,000$6,000,000
Mass Office of Travel and Tourism International Marketing$0$0$0$0$0
Massachusetts Restaurant Commission$0$0$0$0$0
Local Economic Development Projects$15,375,598$0$7,195,000$10,172,500$17,317,500
One-Time Local Economic Development Projects$208,652$0$0$0$0
Massachusetts International Trade Council$127,564$122,274$122,274$122,274$122,274
Alternative and Clean Energy Investment Trust$0$0$0$0$0
Brownfields Redevelopment Fund$0$0$0$0$0
Emerging Technologies Fund$0$0$0$0$0
Mass. Research Center Matching Fund$0$0$0$0$0
Offshore Wind Energy Career Training Trust Fund$13,562,408$0$0$0$0
Smart Growth Housing Trust$0$0$0$0$0
Massachusetts Cultural and Performing Arts Mitigation Trust Fund.$3,982,542$4,344,575$4,344,575$4,344,575$4,344,575
Race Horse Development Fund Tax Transfer$16,292,286$17,577,045$17,577,045$17,577,045$17,577,045
Mass. Tourism Trust Fund Tax Transfer$1,991,271$2,172,288$2,172,288$2,172,288$2,172,288
Workforce Training Fund (Transfer)$25,571,426$24,500,000$24,500,000$24,500,000$24,500,000
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