Healey announces economic development bill as businesses, residents pour out of MA

April 16, 2026 - 17:37

Governor Maura Healey unveiled a significant economic development bill on Thursday, framing the legislation as a critical tool to create jobs, lower costs for residents, and attract global investment. This push comes at a time when data indicates both businesses and residents are leaving Massachusetts, a trend the administration aims to reverse.

The proposed bill seeks to make strategic investments across several key sectors, including life sciences, clean energy, and advanced manufacturing. A central goal is to enhance the state's competitiveness by fostering innovation and supporting workforce development programs to train talent for high-demand industries.

Officials argue that by strengthening the commonwealth's economic foundations and making it more affordable to live and work here, the outflow can be stemmed. The plan emphasizes not only attracting new companies but also supporting the growth and retention of existing small businesses and startups.

The legislation will now undergo review and debate in the state legislature. Its proponents assert that timely action is essential to ensure Massachusetts remains a leader in the new economy, providing stability and opportunity for all its citizens.