Bill
SD 289
Overview: SD 289, "An Act relative to investment in Massachusetts-based jobs", has been passed by the House and is awaiting final concurrence.Purpose and Intent: The bill aims to i
Overview: SD 289, "An Act relative to investment in Massachusetts-based jobs", has been passed by the House and is awaiting final concurrence.
Purpose and Intent: The bill aims to incentivize businesses to invest in job creation and workforce development within the state of Massachusetts. The goal is to support economic growth, strengthen local communities, and provide more employment opportunities for residents.
Key Provisions:
- Establishes tax credits and other financial incentives for businesses that create new full-time jobs in Massachusetts
- Provides additional incentives for businesses that invest in training and upskilling programs for their employees
- Requires businesses receiving incentives to maintain a minimum percentage of their workforce in the state for a specified period
Affected Parties and Impacts: This bill primarily affects businesses operating in Massachusetts, as well as the state's workforce and local communities. It is expected to spur job creation, improve workforce skills, and boost the overall economic well-being of the state.
Procedural and Timeline Considerations: The bill has passed the House and is awaiting final concurrence before being sent to the Governor for signature.
Compiled from official sources — confirm details with the bill’s official record.
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