Massachusetts H 2830: An Act promoting capital investment in targeted employment areas

Bill Text

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HOUSE DOCKET, NO. 3433 FILED ON: 1/20/2017
HOUSE . . . . . . . . . . . . . . . No. 2830

The Commonwealth of Massachusetts
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PRESENTED BY:
Antonio F. D. Cabral
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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act promoting capital investment in targeted employment areas.
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PETITION OF:

NAME: DISTRICT/ADDRESS: DATE ADDED:
Antonio F. D. Cabral 13th Bristol 1/20/2017
Robert M. Koczera 11th Bristol 1/20/2017
Barbara A. L'Italien Second Essex and Middlesex 1/20/2017
Mary S. Keefe 15th Worcester 1/20/2017
Linda Dean Campbell 15th Essex 1/20/2017
Paul A. Schmid, III 8th Bristol 1/20/2017

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HOUSE DOCKET, NO. 3433 FILED ON: 1/20/2017
HOUSE . . . . . . . . . . . . . . . No. 2830
By Mr. Cabral of New Bedford, a petition (accompanied by bill, House, No. 2830) of Antonio F.
D. Cabral and others relative to the certification of targeted employment area districts in gateway
municipalities. Economic Development and Emerging Technologies.

The Commonwealth of Massachusetts

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In the One Hundred and Ninetieth General Court
(2017-2018)
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An Act promoting capital investment in targeted employment areas.

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
of the same, as follows:

1 SECTION 1. Section 16G of chapter 6A, as appearing in the 2014 Official Edition, is
2 hereby amended by inserting after subsection (n) the following subsection:-
3 “(o) Massachusetts EB-5 Authority.
4 (1) Definitions. In this subsection the term ‘TEA districts’ means ‘targeted employment
5 area’, as defined in 8 C.F.R. 204.6(e).
6 (2) TEA District Designations.
7 (i) The secretary may draw TEA districts, subject to the requirements of this
8 subsection.
9 (ii) In addition to the authority to draw TEA districts, all TEA district designations
10 shall be certified by the secretary—

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11 (A) in accordance with any federal requirements, including 8 U.S.C. § 1153(b)(5) and
12 8 C.F.R. 204.6(i); and
13 (B) upon the recommendation of the secretary of the executive office of labor and
14 workforce development.
15 (iii) The secretary shall prioritize certification of TEA districts located within a
16 gateway municipality, as defined in section 3A of chapter 23A.
17 (iv) The TEA district designations, as described in clauses (i) and (ii), shall include—
18 (A) evidence of such designation, including a description of the boundaries of the
19 geographic or political subdivision; and
20 (B) the method or methods by which the unemployment statistics were obtained.
21 (v) The TEA district designations shall be made available to the public.
22 (3) Authority to Create Regional Center. The secretary may adopt regulations to establish
23 a regional center, as defined in 8 C.F.R. 204.6(e), and impose administrative charges to fund the
24 personnel and operating expenses of the regional center. ”.