{"id":26594,"date":"2022-05-10T19:22:00","date_gmt":"2022-05-10T19:22:00","guid":{"rendered":"https:\/\/bostonchamber.com\/?post_type=policy-insights&#038;p=26594"},"modified":"2023-09-27T19:54:33","modified_gmt":"2023-09-27T19:54:33","slug":"revitalization-through-investments-in-ui-fund-workforce-development-housing","status":"publish","type":"policy-insights","link":"https:\/\/bostonchamber.com\/policy-insights\/revitalization-through-investments-in-ui-fund-workforce-development-housing\/","title":{"rendered":"Revitalization through Investments in UI Fund, Workforce Development &amp; Housing"},"content":{"rendered":"<style> .banner:before {\r\n        background: linear-gradient(0deg,rgba(0,0,0,0.5),rgba(0,0,0,0.5)) !important;\r\n    }<\/style><div id=\"ra_id_1652382036\" class=\"banner  standard lazyload\" style=\"background-image:inherit\" data-bg-image=\"url(https:\/\/bostonchamber.com\/wp-content\/uploads\/2021\/05\/Policy-Insight-Hero-2.png)\">\r\n        <div class=\"container  banner-container text-Center\">\r\n            <div class=\"row center-items\">\r\n                                \r\n                <div class=\"col-lg-7\"  >\r\n                                            <!-- <p class=\"label special-label\" tabindex=\"0\"><\/p> -->\r\n                    \r\n                    <h1 class=\"underline-text white  required\" tabindex=\"0\">\r\n                        Revitalization through Investments in UI Fund, Workforce Development &amp; Housing                    <\/h1>\r\n                                            <div class=\"xyz\" tabindex=\"0\"><p><\/p><\/div>\r\n                        <div class=\"banner_event\">\r\n                                                <\/div>\r\n                    <div class=\"banner-btn-wrapper\">\r\n                                                                                <\/div>\r\n                        <!-- <a href=\"#\">Link<\/a>\r\n                        <a class=\"arrow-link\" href=\"#\">Link<\/a>\r\n                        <a class=\"external-link\" href=\"#\">External Link<\/a>\r\n                        <a class=\"more-link\" href=\"#\">More<\/a> -->\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n        <\/div>\r\n    <\/div>\r\n<script type=\"text\/javascript\">\r\njQuery(document).ready(function($){\r\n    setTimeout(function () {\r\n        console.log('here');\r\n\t\t$('#_youtube-iframe-wrapper').show();\r\n\t}, 2000);\r\n});\r\n<\/script>\n\n<style>\r\n    .cta-btn-wrapper{margin-bottom:2rem;margin-top:-10px;}\r\n<\/style>\r\n<section class=\"wysiwyg_block\">\r\n    <div class=\"container\">\r\n        <div class=\"row\">\r\n            <div class=\"col-lg-8\">\r\n            \r\n            <p>May 10, 2022<\/p>\n<p><span data-contrast=\"auto\">The Chamber supports much of the proposed legislation in <b>H.4720, <\/b><b><i>An Act investing in future opportunities for resiliency, workforce, and revitalized downtowns<\/i><\/b>, particularly the investments that will shore up the unemployment insurance trust fund, facilitate the transition to clean energy and transportation, and revitalize downtowns. In addition, the bill includes policy updates that recognize the growing significance of apprenticeships, help spur housing production, and encourage the redevelopment of brownfields sites.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The Chamber, however, has concerns about the proposed sale of the Hynes Convention Center. Additionally, with the massive influx of state revenue in recent months, the Chamber believes that the commonsense tax relief measures included in <\/span><b><span data-contrast=\"auto\">H.4361, <\/span><\/b><b><i><span data-contrast=\"auto\">An Act to improve Massachusetts competitiveness and reduce the cost of living<\/span><\/i><\/b> <span data-contrast=\"auto\">are an essential component of supporting economic development in the Commonwealth for our workforce and small businesses. We encourage the committee to include that legislative package within its proposal.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Dedicated Resources to Key State Priorities<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><i><span data-contrast=\"auto\">$300 million transfer to UI Trust Fund \u2013 Section 137<\/span><\/i><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The COVID pandemic put unprecedented strain on the Commonwealth\u2019s Unemployment Trust Fund, necessitating the use of federal resources and a dramatic expansion of the administrative functions of both enhanced benefits and new worker assistance programs. Rightly prioritizing the distribution of benefits to individuals, approximately $300 million worth of overpayments were issued by the Department of Unemployment Assistance (DUA) through no fault of employers or employees. The Chamber does not believe clawing back payments from individual workers is an efficient or effective solution to recovering overpayments; however, employers should not be responsible for those costs to the Trust Fund. Dedicating ARPA funds to cover this balance both alleviates the need for DUA to pursue repayments from workers who are unlikely able to repay distributed overpayments and prevents shifting those costs to employers.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><i><span data-contrast=\"auto\">$750 million for climate change priorities \u2013 Line-item 1599-2078<\/span><\/i><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">To meet the state\u2019s ambitious greenhouse gas emission reduction goals, the Commonwealth must deploy resources strategically to initiatives that will expedite the transition to cleaner energy and improved energy efficiency. H.4720 dedicates significant ARPA resources to several areas of critical need: preparing our ports for offshore wind development, ensuring a trained local workforce is available for jobs created in the offshore wind industry, and creating grants and incentives for reducing emissions from the building sector. The Chamber fully supports this funding to implement climate priorities.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b><span data-contrast=\"auto\">Targeted Tax Incentives for Workforce Development, Housing, and Revitalization<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><i><span data-contrast=\"auto\">Apprenticeships<\/span><\/i><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The Chamber supports sections 106 and 113 that allow the Secretary of Labor and Workforce Development to expand the state\u2019s apprenticeship tax credit program to growth industries new to the apprenticeship model and deemed critical to the regional economy. Work-based training, including apprenticeships, are valuable investments in the state\u2019s workforce because they offer hands-on learning and develop essential employability skills. This expansion will enable employers to offer more opportunities for experiential training.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">As the use of apprenticeships spreads to additional industries, the Chamber also supports proposed updates to the oversight of the state\u2019s apprenticeship programs to reflect the growing importance of apprenticeships and new models for worked-based learning.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><i><span data-contrast=\"auto\">HDIP<\/span><\/i><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Sections 102-104 and 110-112 increase from $10 million to $30 million the amount of Housing Development Incentive Program (HDIP) tax credits that the Department of Housing and Community Development (DHCD) may authorize each year. As housing costs continue to soar in the Greater Boston region, housing production is more important than ever, and this valuable tool will help spur more production of market-rate housing.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><i><span data-contrast=\"none\">Starter Home Districts<\/span><\/i><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Section 98 creates a starter home zoning district option for municipalities. The program was previously included under 40R and had limited success because it required the zoning districts be located near transportation or dense areas, where land acquisition costs are usually more expensive. Re-enacting starter home districts as a standalone zoning option could help improve the economics of starter home construction. Worth noting, municipalities will still need to proactively adopt the zoning district.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><i><span data-contrast=\"none\">Brownfields \u2013 Sections 31-45, 99-101, 107-109<\/span><\/i><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Extending the brownfields tax credit by five years and changing the Brownfields Redevelopment Fund to increase cost and site assessment thresholds and expand eligibility will allow for more underutilized properties to receive proper environmental remediation and return to productive use.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Brownfields often face significant hurdles to clean-up and redevelopment, inhibiting new uses and negatively impacting the surrounding community. The large-scale shift to electric vehicles that is expected over the next decade will potentially leave more brownfield sites as fewer gas stations are needed. The brownfields tax credit is an important tool that facilitates environmental remediation and returns properties to their highest and best use, contributing to local economies and tax bases.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b><span data-contrast=\"auto\">Hynes Convention Center Sale<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The Chamber has significant concerns about the proposed sale of the Hynes Convention Center. Any consideration of the reuse or sale of such valuable and well-located state property should undergo a substantial review and stakeholder engagement process prior to authorizing its transfer.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">While occupancy rates, the COVID-19 pandemic, and potential upgrades to the existing property are often cited as reasons for disposing the Hynes, there should be an independent evaluation of the property\u2019s management, marketing, outreach, and physical conditions. The evaluation should be publicly available for examination. Stakeholder engagement should also include further discussion about different alternatives and how to best maximize the property\u2019s potential.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">At the very minimum, the update and supplement report outlined in section 134 of this bill, which would provide an update on \u201cchanges in convention, venue management and hospitality industry that have developed since January 2020\u201d should incorporate the independent evaluation and be completed prior to legislative action on a transfer of the property. With that updated information, and particularly data on how the convention business may have permanently changed due to COVID-19 and whether smaller convention venues may have renewed importance, the Legislature could proceed with a fuller and more informed discussion about the Hynes site\u2019s future.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b><span data-contrast=\"auto\">Tax Relief<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Finally, I would like to take this opportunity to express the Chamber\u2019s strong support for H.4361, <\/span><i><span data-contrast=\"auto\">An Act to improve Massachusetts competitiveness and reduce the cost of living<\/span><\/i><span data-contrast=\"auto\">. The unique combination of targeted tax adjustments supports a competitive business climate while also providing much needed tax relief to some of our most vulnerable residents. This package, as filed by the Governor, would serve as an impactful economic development initiative to provide direct financial relief to workers and small businesses. With the Commonwealth collecting over $2 billion above expected revenues in April alone, the comparatively small cost of the total tax package will not hurt the state\u2019s ability to fund key state priorities. I hope you will consider adding H.4361 to your economic development proposal.<\/span><\/p>\n  \r\n            <\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/section>","protected":false},"excerpt":{"rendered":"<p>The Chamber supports much of the proposed legislation in H.4720, An Act investing in future opportunities for resiliency, workforce, and revitalized downtowns.<\/p>\n","protected":false},"featured_media":34084,"parent":0,"menu_order":0,"template":"","meta":{"content-type":"","inline_featured_image":false},"tags":[37,85,50,49,32],"class_list":["post-26594","policy-insights","type-policy-insights","status-publish","has-post-thumbnail","hentry","tag-business-climate","tag-climate-energy","tag-housing-development","tag-policy-makers","tag-public-policy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Revitalization through Investments in UI Fund, Workforce Development &amp; Housing - Boston Chamber<\/title>\n<meta name=\"description\" content=\"The Chamber supports much of the proposed legislation in H.4720, An Act investing in future opportunities for resiliency, workforce, and revitalized downtowns.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bostonchamber.com\/policy-insights\/revitalization-through-investments-in-ui-fund-workforce-development-housing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Revitalization through Investments in UI Fund, Workforce Development &amp; 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