Gov. Baker Introduces $240M Economic Development Package

Massachusetts Gov. Charlie Baker

SALEM, MA—Massachusetts Gov. Charlie Baker announced earlier this week the introduction of a $240-million legislative package geared at producing more housing, building community and regional infrastructure capacity in response to climate change and supporting the creation of new jobs.

The legislative package encourages more market rate housing in Gateway cities by expanding the Housing Development Incentive Program; investing in affordable housing near transit; providing new flexible, responsive tools to build vibrant communities; and facilitating further economic growth and job creation by significantly increasing support for small businesses and industry clusters, state officials noted.