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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
FY18 HWM$127,435,422$127,435,422
FY17$129,878,550$126,937,368
FY16$156,008,836$149,758,534
FY15$161,228,176$153,733,740
FY14$195,853,343$185,416,666
FY13$122,989,404$114,652,269
FY12$162,278,564$148,788,629
FY11$108,129,566$96,303,818
FY10$120,766,825$105,466,788
FY09$159,080,529$137,572,431
FY08$196,782,831$167,826,896
FY07$480,441,395$395,089,313
FY06$243,967,785$195,544,062
FY05$138,854,746$107,243,052
FY04$157,877,872$118,378,636
FY03$203,302,439$149,148,560
FY02$233,705,580$167,757,499
FY01$300,198,561$211,737,839
  • See Changes in Funding
Between and
Funding for Economic Development
34.0%

comparisons adjusted for inflation (CPI)

Adjusted for inflation (CPI) NOT adjusted
FY18 HWM$127,435,422$127,435,422
FY18 Gov$133,101,800$133,101,800
FY17$129,878,550$126,937,368

funding levels adjusted for inflation (CPI)

  • Active Line Items
  • All Line Items
FY16FY17FY18 GovFY18 HWM
Massachusetts Cultural Council$14,750,980$14,630,313$14,307,229$10,075,699
Mass. Port Authority Tourism$520,868$0$0$0
Commonwealth Infrastructure Investment Assistance Reserve$10,417,359$10,231,703$11,537,181$11,537,181
Supplier Diversity Office$512,939$375,586$369,377$369,377
Department of Agricultural Resources Administration$6,266,612$5,606,406$5,467,651$4,957,651
Executive Office of Housing and Economic Development$2,834,557$2,143,538$2,066,244$2,066,244
Summer Jobs Program for At-Risk Youth (YouthWorks)$12,188,310$10,282,862$9,900,000$10,000,000
Housing and Economic Development Info. Tech.$3,450,288$3,150,315$3,341,918$3,241,918
Advanced Manufacturing Workforce Development Grants$1,599,065$1,483,597$1,450,000$0
Innovation Institute$2,604,340$511,585$1,800,000$0
Military Base Promotion$104,174$127,896$125,000$0
Urban Agenda Economic Development Grants$520,868$1,534,756$1,500,000$1,500,000
Community Compact Grants$606,160$69,703$0$0
Small Business Technical Assistance Grant Program$2,083,472$1,023,170$1,000,000$1,000,000
Workforce Competitiveness Trust Fund$535,452$2,250,975$500,000$0
Learn to Earn$0$0$4,000,000$0
Transformative Development Fund$1,041,736$0$0$500,000
Working Cities Tech Assistance Grants$520,868$511,585$500,000$500,000
Parking Management Plan Grants$208,347$0$0$0
Mass. Tech. Collaborative Tech and Innovation Entrepreneurs$1,562,604$0$330,000$1,500,000
Entrepreneur in Residence Pilot Program$104,174$102,317$100,000$100,000
Big Data Innovation and Workforce Fund$0$0$0$2,000,000
North Shore InnoVentures$104,174$0$0$0
Executive Office of Labor and Workforce Development$1,087,207$799,067$736,544$736,544
Demonstration Workforce Development Program$0$255,793$250,000$0
Labor and Workforce Development Info. Technology$283,997$0$0$0
Department of Labor Standards$2,458,761$2,598,050$3,363,067$3,363,066
Dept. of Labor Standards Licensing Fees Revenue$471,750$463,343$452,850$452,850
Department of Industrial Accidents$19,943,101$19,861,783$20,308,835$20,133,943
Massachusetts Manufacturing Extension Partnership$2,083,472$0$0$2,000,000
One Stop Career Centers$4,714,366$3,849,781$3,760,051$3,760,051
Department of Labor Relations$2,395,637$2,284,790$2,449,663$2,449,663
Arbitration and Mediation Retained Revenue$104,174$102,317$100,000$100,000
Joint Labor Management Committee for Municipal Police and Fire$0$127,896$129,026$250,000
Massachusetts Service Alliance$3,614,823$1,483,597$1,400,000$1,400,000
Office of Consumer Affairs and Business Regulation$872,542$752,257$752,063$752,063
Regional Economic Development Grants$625,042$409,268$400,000$0
Massachusetts Office of Business Development$1,810,474$1,585,965$1,489,388$1,489,838
Biotechnology Research Institute$260,434$255,793$250,000$250,000
Small Business Development Center at UMass$1,235,730$1,213,707$1,186,222$1,186,222
Microlending$312,521$102,317$100,000$0
Commonwealth Zoological Corporation$5,104,506$4,092,681$4,000,000$4,500,000
Mass. Tech. Collab. Computer Science Education$1,770,951$0$0$1,700,000
Small Business Association Layoff Aversion Grant Program$260,434$255,793$250,000$250,000
Massachusetts Office of Travel and Tourism$14,326,914$5,456,226$7,299,361$4,299,361
Local Tourist Councils Financial Assistance$6,250,415$6,139,022$3,000,000$6,000,000
Massachusetts International Trade Council$128,524$117,562$230,130$113,751
Workforce Training Fund (Transfer)$23,355,718$23,635,235$22,900,000$22,900,000
FY16FY17FY18 GovFY18 HWM
Massachusetts Cultural Council$14,750,980$14,630,313$14,307,229$10,075,699
Massachusetts Cultural Council$0$0$0$0
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
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
Social Innovation Financing Trust$0$0$0$0
Historical Preservation Grants$0$0$0$0
Dairy Farmer Reserve$0$0$0$0
Mass. Port Authority Tourism$520,868$0$0$0
Commonwealth Infrastructure Investment Assistance Reserve$10,417,359$10,231,703$11,537,181$11,537,181
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$512,939$375,586$369,377$369,377
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$6,266,612$5,606,406$5,467,651$4,957,651
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$2,834,557$2,143,538$2,066,244$2,066,244
Summer Jobs Program for At-Risk Youth (YouthWorks)$12,188,310$10,282,862$9,900,000$10,000,000
Permitting Technical Grants$0$0$0$0
Housing and Economic Development Info. Tech.$3,450,288$3,150,315$3,341,918$3,241,918
Advanced Manufacturing Workforce Development Grants$1,599,065$1,483,597$1,450,000$0
Local Capital Projects Program$0$0$0$0
Advanced Manufacturing Futures Program$0$0$0$0
Mass. Life Sciences Center$0$0$0$0
Innovation Institute$2,604,340$511,585$1,800,000$0
Military Base Promotion$104,174$127,896$125,000$0
Urban Agenda Economic Development Grants$520,868$1,534,756$1,500,000$1,500,000
Community Compact Grants$606,160$69,703$0$0
Small Business Technical Assistance Grant Program$2,083,472$1,023,170$1,000,000$1,000,000
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$535,452$2,250,975$500,000$0
Learn to Earn$0$0$4,000,000$0
MassVentures Operations$0$0$0$0
Transformative Development Fund$1,041,736$0$0$500,000
Working Cities Tech Assistance Grants$520,868$511,585$500,000$500,000
Parking Management Plan Grants$208,347$0$0$0
Mass. Tech. Collaborative Tech and Innovation Entrepreneurs$1,562,604$0$330,000$1,500,000
Entrepreneur in Residence Pilot Program$104,174$102,317$100,000$100,000
Big Data Innovation and Workforce Fund$0$0$0$2,000,000
North Shore InnoVentures$104,174$0$0$0
Digital Health Internship Incentive Fund$0$0$0$0
Electricity Deregulation Supplemental Unemployment Insurance$0$0$0$0
Executive Office of Labor and Workforce Development$1,087,207$799,067$736,544$736,544
Demonstration Workforce Development Program$0$255,793$250,000$0
Labor and Workforce Development Info. Technology$283,997$0$0$0
Department of Labor Standards$2,458,761$2,598,050$3,363,067$3,363,066
Dept. of Labor Standards Licensing Fees Revenue$471,750$463,343$452,850$452,850
Re-Employment Assistance$0$0$0$0
Economic Stabilization Trust$0$0$0$0
Department of Industrial Accidents$19,943,101$19,861,783$20,308,835$20,133,943
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$2,083,472$0$0$2,000,000
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
Just-A-Start Biotech Training$0$0$0$0
One Stop Career Centers$4,714,366$3,849,781$3,760,051$3,760,051
Mass. Workforce Professionals Association$0$0$0$0
Welfare-To-Work Skills Plus$0$0$0$0
Department of Labor Relations$2,395,637$2,284,790$2,449,663$2,449,663
Summer Jobs Program for At-Risk Youth$0$0$0$0
Arbitration and Mediation Retained Revenue$104,174$102,317$100,000$100,000
Joint Labor Management Committee for Municipal Police and Fire$0$127,896$129,026$250,000
Workforce Development Initiative$0$0$0$0
Massachusetts Service Alliance$3,614,823$1,483,597$1,400,000$1,400,000
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$872,542$752,257$752,063$752,063
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$625,042$409,268$400,000$0
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$1,810,474$1,585,965$1,489,388$1,489,838
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$260,434$255,793$250,000$250,000
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$1,235,730$1,213,707$1,186,222$1,186,222
Microlending$312,521$102,317$100,000$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$5,104,506$4,092,681$4,000,000$4,500,000
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
Mass. Technology Collab./Mass. Technology Park Corp.$0$0$0$0
Mass. Tech. Collab. Computer Science Education$1,770,951$0$0$1,700,000
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$260,434$255,793$250,000$250,000
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$14,326,914$5,456,226$7,299,361$4,299,361
Anniversary Celebrations$0$0$0$0
Local Tourist Councils Financial Assistance$6,250,415$6,139,022$3,000,000$6,000,000
Mass Office of Travel and Tourism International Marketing$0$0$0$0
Massachusetts International Trade Council$128,524$117,562$230,130$113,751
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
Workforce Training Fund (Transfer)$23,355,718$23,635,235$22,900,000$22,900,000