Economic Development and Justice
An Act to Establish a Massachusetts Public Bank (S.D.1712)
This bill establishes a state-chartered bank that accepts deposits from the government. With those deposits, the Massachusetts Public Bank will make loans to help government complete capital projects, and for other public purposes.
An Act to Establish the Massachusetts Works Progress Administration (S.D.124)
The COVID-19 pandemic has created a catastrophic level of joblessness in Massachusetts. To address the economic damage from the COVID-19 pandemic, this bill establishes a works progress program to approve projects such as: contact tracing for COVID-19; climate change resiliency, environmental conservation and water quality projects; projects enhancing the creative economy; projects enhancing farms and the food and beverage sectors; infrastructure projects; projects enhancing home care services; projects enhancing online education; and projects enhancing the cannabis industry. Like the Great Depression-era Works Progress Administration created by President Roosevelt nearly a century ago, this program will alleviate the effects of profound economic suffering by putting unemployed individuals back to work right away.