• Become an SSTI Member

    As the most comprehensive resource available for those involved in technology-based economic development, SSTI offers the services that are needed to help build tech-based economies.  Learn more about membership...

  • Subscribe to the SSTI Weekly Digest

    Each week, the SSTI Weekly Digest delivers the latest breaking news and expert analysis of critical issues affecting the tech-based economic development community. Subscribe today!

MA Gov Announces Innovation-Focused Economic Development Package

April 10, 2014

Massachusetts Gov. Deval Patrick has unveiled an economic development package intended to bolster the state’s role in the global tech economy through multi-year investments totaling an estimated $100 million. More details will be available soon, but the package includes a new Global Entrepreneur in Residence Program that will help entrepreneurial foreign students remain in the country even without H-1B visas, an expansion of the Massachusetts Technology Collaborative’s internship and mentoring program, recapitalization of the MassVentures public venture fund, an expanded R&D tax credit program, and a new Middle Skills Job Training Grant Fund. The governor also is proposing to eliminate non-compete clauses for tech businesses, a move modeled on policies in California. More details…

Massachusettsstate tbed, entrepreneurship, state budget