Energy
Governor Healey Signs FY24 Budget Extending Brownfields Tax Credit Through January 1, 2029
On August 9, 2023, Governor Healey signed the FY24 budget.
In direct response to NAIOP’s advocacy, the final budget includes a five-year extension of the Brownfields Tax Credit through January 1, 2029. Since the beginning of the session in January, NAIOP has worked with the Healey-Driscoll Administration, the Legislature, and a broad coalition of business groups and housing advocates to ensure the extension was considered for early passage.
Read on to learn about other investments found in the final FY24 budget.
Read MoreHow to Protect our Economic Growth and Fight for our Climate Future
Climate change is an economic development, public health and environmental issue that affects every resident and business in the commonwealth. Bold action must be taken, along with critical short-term strategies that effectively balance our continued economic growth with our long-term decarbonization and environmental goals. Only this approach will ensure that Massachusetts is put on a responsible, achievable path to mitigate and manage the devastating effects of climate change.
Read MoreNAIOP ADVOCACY ALERT: Climate Bill Enacted; BPDA Implements DEI Policy; New Zoning Rules for MBTA Communities Released
NAIOP ADVOCACY ALERT: Climate Bill Enacted; BPDA Implements DEI Policy; New Zoning Rules for MBTA Communities Released Support for our Advocacy Alerts is Generously Provided By: Serlin Haley, LLP and Pierce Atwood, LLC GOVERNOR BAKER SIGNS CLIMATE BILL This afternoon, Governor Baker signed An Act Driving Clean Energy and Offshore Wind. Throughout the legislative process,…
Read MoreFossil Fuel Bans Are Not the Solution to Our Climate Crisis
The news is dire. On an almost daily basis, new reports are issued which illustrate the need for immediate action to address a monumental threat to public health and safety, the environment and economic development: climate change. Sea level rise, increased storms and precipitation and rising temperatures will affect all residents and business owners in Massachusetts. The time to act is now.
Read MoreIndustry Groups Worry Massachusetts Climate Bill Could Derail Development
NAIOP Massachusetts, which represents major commercial and residential developers, says the goals of the bill, which would slash emissions by 50% of 1990 levels by end of this decade, are laudable. The NextGen Roadmap bill even won praise from one of state’s largest business groups, Associated Industries of Massachusetts, as well as from environmental organizations.
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