The Latest News.

- Advertisment -

Secretary Reveals Climate Tech Focus in Healey Economic Development Bill for 2024

- Advertisement -

Secretary: Climate tech will feature in Healey economic development bill

  • The Healey administration is working on an economic development bill that will prioritize technology related to climate change.
  • An omnibus bond bill focused on economic growth is expected to be a major priority for House and Senate Democrats in 2024.
  • The last economic development package injected $3.7 billion into Massachusetts’ economy, but faced delays and abandoned tax cuts and reforms.
  • Economic Development Bill to Focus on Climate Tech

    The Healey administration is preparing an economic development bill for 2024, with a strong emphasis on technology related to climate change. Economic Development Secretary Yvonne Hao announced during a summit that the bill aims to position Massachusetts as a leader in fighting climate change while fostering economic growth in the climate tech industry. Drawing inspiration from the success of the life sciences sector, the administration plans to invest resources and adapt regulations to accelerate the formation of a climate tech cluster.

    Legislature Prioritizes Economic Growth

    House and Senate Democrats are expected to prioritize an omnibus bond bill focused on economic growth in 2024. The bill, which aligns with the Healey administration’s economic development plan, aims to stimulate the state’s economy and support key industries. However, the previous economic development package faced delays and did not deliver on promised tax cuts and reforms.

    Challenges and Opportunities

    While the administration works on future economic development strategies, the Legislature is still addressing unfinished business from the previous economic package. The development of the climate tech industry presents both challenges and opportunities. By leveraging existing resources, investing in the industry, and adapting regulations, Massachusetts aims to become a leader in economic growth around climate tech, similar to its success in the life sciences sector.

    - Advertisement -

    Source Credit

    NewsTechnology NewsSecretary Reveals Climate Tech Focus in Healey Economic Development Bill for 2024
    Delia Reynolds
    Delia Reynolds
    Delia Reynolds is a highly-regarded tech news author with an uncanny ability to captivate readers through engaging, concise, and insightful articles. With a passion for innovation, Delia meticulously dissects the latest developments in technology, leaving no stone unturned in the quest for accurate and comprehensive news coverage.

    Disclaimer: We want to be clear that the information on, including news, articles, reviews, and opinions, is intended for reading and knowledge purposes only. While we strive to provide accurate and up-to-date information, opinion and news, we cannot guarantee the completeness, accuracy, reliability, suitability, or availability of any information. Read more

    Follow us on
    Google News
    - Advertisment -