Governor Healey’s ClimateTech Initiative Would Generate $16.4 Billion in Economic Activity
Mass Leads Act would create 6,670 new jobs
The Healey-Driscoll administration has proposed the Mass Leads Act to support clean energy and climatetech with an investment of $1 billion over the next 10 years. Specifically, the Act provides $200 million to support offshore wind, $200 million to support early-deployment projects, $300 million of tax credits and incentives for climatetech companies, and $300 million of operating funds for the Massachusetts Clean Energy Center (MassCEC).
The Act also makes changes to the existing offshore wind tax credit program which is another $350 million of funding. In total, the analysis includes $1.35 billion in investments, which will be administrated by MassCEC.
May 02, 2024
