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Resources Supporting Business Growth Marlborough Business Innovation Summit September 22, 2010

Resources Supporting Business Growth Marlborough Business Innovation Summit September 22, 2010 Arthur P. Robert Massachusetts Office of Business Development. Mission Serve as single point of contact Facilitate access to resources Promote job growth and retention

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Resources Supporting Business Growth Marlborough Business Innovation Summit September 22, 2010

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  1. Resources Supporting Business Growth Marlborough Business Innovation Summit September 22, 2010 Arthur P. Robert Massachusetts Office of Business Development

  2. Mission • Serve as single point of contact • Facilitate access to resources • Promote job growth and retention • Stimulate private investment • Help businesses thrive in Massachusetts Resources • Financing Workforce Training • Tax Incentives International Trade • Site Selection Industry Expertise • Permitting Business Consultation Mass Office of Business Development (MOBD) Regions Berkshires Cape and Islands Central Greater Boston Metro West Northeast Pioneer Valley Southeast

  3. Business Resource Team (BRT)Partner Organizations

  4. Metro West (North) Ashland Dover Framingham Holliston Hopkinton Hudson Marlborough Medfield Medway Milford Millis Natick Norfolk Sherborn Southborough Sudbury Westborough Arthur Robert Arthur.Robert@state.ma.us 508.439.5685 Metro West (South) Bellingham Bridgewater Brockton Canton East Bridgewater Easton Foxborough Franklin Mansfield North Attleborough Norton Norwood Plainville Sharon Stoughton Walpole W. Bridgewater Wrentham Rich Pellagrini Rich.Pellagrini@state.ma.us 617.973.8357 Metrowest Region Coverage

  5. Financing Resources • MassDevelopment • Emerging Technology Fund • Real Estate Loans & Guarantees • Equipment Financing • Tax-Exempt Bond Financing • Web Site: www.massdevelopment.com • Early-stage growth capital • Mass Life Sciences Center • Mass Clean Energy Center • Mass Technology Development Corp. • Small Business Investment Companies (SBICs) • Small Business Loans • Small Business Administration • Mass Growth Capital Corporation

  6. Economic Development Incentive Program - EDIP • EDIP: a tax incentive program fostering full-time job creation & business growth throughout our state • Enduring qualities • Access through MOBD Region Director and community • Partnership between company, community, and state • Review & approval by a state board • New legislation provides: • An ITC award tied to location, business type, & job creation • More flexibility – 3 program options • Focus on full-time job creation & out-of-state sales • Emphasis on Gateway Cities & Underperforming Communities • Coordination with other forms of state support • Learn more at www.mass.gov/dbd/edip

  7. Massachusetts Life Sciences Center • Quasi-public entity & stewards of the $1 billion Life Sciences Initiative, under the Life Sciences Act in 2008 • Mission: ensure that the life sciences sectors continue to serve as a major economic engine in our state • Tools • Public infrastructure grants • Life Sciences Accelerator – working capital for early-stage companies • Small business matching grant program • Life Sciences Tax Incentives • Innovation Fund • Learn more: www.masslifesciences.com

  8. Massachusetts Clean Energy Center • Quasi-public entity created through the Green Jobs Act of 2008, now includes the Massachusetts Renewable Energy Trust (MRET) • Mission: promote the formation and growth of a cluster of clean energy companies in Massachusetts • Tools for companies - investments • Industry Catalyst – idea expansion • Investments in the Advancement of Technology – early-stage investments • Investments in Job Creation – large opportunities • Tools for projects – rebates, grants, & financing • Commonwealth Solar, Wind, Hydro • Learn more: www.masscec.com

  9. Competitive Context: Across-the-Board Leadership

  10. Contact Arthur Robert Industry Director, Defense Technology & Renewable Energy Massachusetts Office of Business Development Phone: (508) 439-5685 877-BIZ TEAM Email: arthur.robert@state.ma.us Web: www.Mass.Gov/BizTeam

  11. Contact Backup Slides

  12. Unmatched Leadership:Standard-Setting Legislative Successes • Clean Energy Biofuels Act • Mandates biofuel content, tax reductions, and calls for low carbon fuel standard • Green Communities Act • Promotes efficiency & renewables before new electric power generation • Global Warming Solutions Act • Sets aggressive targets for greenhouse gas reductions • Green Jobs Act • Creates the Clean Energy Center supporting clean technology R&D, business expansion, & workforce development • Oceans Act • Requires state plan for state waters, balancing renewable energy development & environmental protection 21

  13. Initiatives SupportingClean Energy Cluster Growth • Wind • Wind Technology Test Center • Formed in partnership with NREL, $25MM USDOE commitment • One of two US facilities capable of testing wind blades up to 70m long • Port study assessing readiness to support offshore wind • PV & Building Efficiency - Fraunhofer CSE • Formed in partnership with MIT • Will focus on PV module innovation, building efficiency research & energy device prototyping • Advanced Biofuels • Task Force, New Legislation • Biodiesel & Bioheat content standards • State tax exemption for cellulosic ethanol • Advanced Biofuels Center Study assessing options for supporting R&D • New England Clean Energy Council • Presents clear industry policy priorities to government • Provides relevant services supporting cluster growth • Fellows Program • CEO Council & Roundtables 22

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