May 06, 2024

MTF Summary of the Mass Leads Act

The Healey-Driscoll Administration’s Economic Development Bond Bill

On March 1st, the Healey-Driscoll administration unveiled their economic development bill, titled An Act Relative to Strengthening Massachusetts’ Economic Leadership or the Mass Leads Act. Through $2.815 billion in capital spending authorizations, $675 million in additional tax credits over ten years, and a number of policy provisions, the bill puts into action many of the elements of the Healey-Driscoll administration’s economic development plan, released in December of 2023.

This Brief will break down each of the major components of the bill. Specifically, it will:

1. Identify and examine the key themes of the bill;
2. Put the bill in context with recent economic development bond bills and the state’s Capital Investment Plan (CIP);
3. Summarize major spending, tax, and policy proposals in the bill; and
4. Highlight takeaways from the bill and pose key questions for policymakers.