Relative to the blue economy
The implementation of this bill would result in significant amendments to existing laws, particularly Chapters 21 and 21A of the General Laws. It seeks to enable not just businesses, but also non-profits and academic institutions, to receive funding aimed at conducting scientific research and developing technology focused on improving ocean health. The prioritization of grant applications from minority-owned and environmentally unjust communities illustrates the bill's commitment to equity and inclusivity.
House Bill 988, titled 'An Act relative to the blue economy,' aims to enhance the state's economic development through the promotion of a sustainable blue economy by establishing various grant programs. Specifically, the bill mandates the Massachusetts Department of Environmental Protection to create a competitive grant program that supports small businesses transitioning to a circular economy, which emphasizes keeping products and materials in use for as long as possible. This initiative is set to promote innovation and create measurable economic benefits for the state.
One of the primary points of contention surrounding H988 is the prioritization of grant funding towards businesses and organizations within environmental justice populations. This focus raises discussions about balancing economic growth with the protection of vulnerable communities. Furthermore, the bill introduces the Blue Economy Education Fund to enhance educational programs in blue-STEAM fields, which may provoke debate over the allocation of educational resources in schools and the effectiveness of such programs in fostering workforce development for ocean-sector jobs.