The annual report of the Massachusetts Development Finance Agency (MassDevelopment) (under Section 46(m) of Chapter 23G of the General Laws) submitting its fiscal year 2024 report of the Transformative Development Fund entitled: Collaborative Workspace Program [copies of the report were forwarded to the committee on Ways and Means, the committee on Economic Development and Emerging Technologies and the committee on Labor and Workforce Development, as required by said law]

194th Legislature (2025-2026)

HD 2304 requires MassDevelopment to produce the FY2024 Transformative Development Fund report for the Collaborative Workspace Program and send copies to key legislative committees.

Placed on file

Overview

HD 2304 requires the annual reporting obligation of the Massachusetts Development Finance Agency (MassDevelopment) under Section 46(m) of Chapter 23G to submit its fiscal year 2024 report of the Transformative Development Fund, specifically for the Collaborative Workspace Program. Copies of the report are to be forwarded to the specified legislative committees as required by law.

Bill number: HD 2304

Title description: Annual MassDevelopment report (Section 46(m), Chapter 23G) submitting the FY2024 Transformative Development Fund report for the Collaborative Workspace Program

Status: Placed on file

Introduced: January 16, 2025

Classification: Proposed bill

Purpose and Intent

To ensure transparency and legislative oversight by requiring MassDevelopment to provide the FY2024 Transformative Development Fund report related to the Collaborative Workspace Program.

To formalize the transmission of the required report copies to the relevant legislative committees (Ways and Means; Economic Development and Emerging Technologies; Labor and Workforce Development) in alignment with the law.

Key Provisions

Reaffirms MassDevelopment’s obligation under Section 46(m) of Chapter 23G to produce the Transformative Development Fund report for the Collaborative Workspace Program for fiscal year 2024.

Requires that copies of the report be forwarded to:

Committee on Ways and Means
Committee on Economic Development and Emerging Technologies
Committee on Labor and Workforce Development

The provision references statutory compliance with the existing law, rather than establishing new reporting timelines or new programmatic requirements.

Affected Parties and Programs

MassDevelopment (MassDevelopment’s Transformative Development Fund program)

The Collaborative Workspace Program within the Transformative Development Fund

Legislative committees designated to receive reports: Ways and Means; Economic Development and Emerging Technologies; Labor and Workforce Development

Procedural and Timeline Aspects

Introduced and filed: January 16, 2025

Status: Placed on file (no immediate advancement or amendments indicated in the record)

Implication: As a placed-on-file proposal, it does not change law or create new funding at this time; it emphasizes existing reporting requirements and ensures documentation is provided to the named committees.

Fiscal and Policy Implications

No new funding or appropriations are specified in the bill.

The bill’s primary impact is administrative—explicitly formalizing the transmission of the FY2024 report to legislative committees.

Expected effect is improved transparency and access to performance data on the Collaborative Workspace Program within the Transformative Development Fund.

Bottom Line

HD 2304 is a housekeeping measure aimed at ensuring MassDevelopment’s FY2024 Transformative Development Fund report for the Collaborative Workspace Program is produced and delivered to key legislative committees, consistent with the statutory reporting framework. It has been placed on file and currently shows no further action beyond this status.

Bill

HD 2304 – Summary