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Economic development budget focuses on fundamentals, talent and sector leadership, Secretary Howe tells Ways and Means
Summary
Secretary of Economic Development outlined a $146 million FY2026 House 1 package that focuses on three priorities from the Team Massachusetts plan: fundamentals (downtown revitalization, rural affairs), talent (internships, workforce trust fund allocations) and sector leadership (life sciences, MassTech, tourism). She also described plans for a
Secretary of Economic Development Rachel M. Howe told the Joint Committee on Ways and Means in Gloucester on March 10 that the administration’s FY2026 operating proposal for economic development totals about $146 million — a modest share of the state budget — but prioritizes targeted investments aligned with the Team Massachusetts economic development plan.
Three organizing pillars 1) Fundamentals: Howe said economic growth requires strong local fundamentals, including downtown revitalization and support for MBTA communities. The budget continues funding for the MassDowntown…
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