BOSTON (AP) — Democratic candidate for governor Martha Coakley is pledging to make $500 million in funding available over the next decade to help speed up economic growth across the state.
Coakley said Wednesday that $400 million would be available for major infrastructure projects. Another $100 million would be used for grants to businesses and nonprofit groups to help identify economic development strategies.
Coakley said the grants would be designed to promote collaborations between high schools, colleges, workforce development agencies and businesses.
She said the grants would have specific goals such as the number of jobs created, workers trained, or revenue generated.
Coakley said she modeled her proposal after Gov. Deval Patrick’s 10-year, $1 billion life sciences initiative.
She said she’d pay for the plan in part by “streamlining existing revenue streams and allocating new revenue where necessary.”
Please read our comment policy before commenting.