Page 2 THE EVERETT ADVOCATE – FRiDAy, July 19, 2024 Sen. DiDomenico secures $15M in bond money for district projects in economic development bill Boosts life sciences, climate tech, Ai and small businesses B OSTON/EVERETT - On July 11, 2024, Senator Sal DiDomenico and his colleagues in the Massachusetts Senate unanimously passed a comprehensive economic development bill that makes bold investments in life sciences, climate tech and small businesses, building on Massachusetts’ national leadership and creating an environment where businesses and workers thrive. DiDomenico secured $15 million in bond authorizations for local economic development projects in his district. The bill, which is titled An Act relative to strengthening Massachusetts’ economic leadership, also included DiDomenico’s language to remove a hazardous waste parcel of land 8 Norwood St. Everett (617) 387-9810 Open Tues. - Sat. at 4:00 PM Closed Sun. & Mon. We are closed for vacation and reopening on Friday, August 2nd at 4PM. Thank you - The Sasso Family Catch ALL The Live Sports Action On Our Large Screen TV’s www.810bargrille.com Saving Should Be Easy. Everett Bank’s 24-Month CD Makes It Simple. Get a worry-free 5.0% APY 24-Month CD, the perfect solution to build your savings and watch it grow. If you need flexibility, our 24-Month CD even makes a great IRA option. Great rates and peace of mind all in one CD from Everett Bank. Visit EverettBank.com to open an account online today! There’s Every Bank. Then There’s *Annual Percentage Yield (APY) is accurate of the date posted and is subject to change without notice. APY assumes the interest remains on deposit until maturity. A penalty may be imposed for early withdrawal. Offer may be withdrawn at any time. A minimum of $500 is required to open a Certificate of Deposit and earn the advertised APY. Member FDIC | Member DIF Scan & Follow Us on Facebook! at the power plant site in Everett from its status as a designated port area, enabling a process to move forward that could create a sports venue with public access to the waterfront. Senator DiDomenico is happy to see this language included that will allow the public process to move forward on a project that will be an economic catalyst and environmental win for our residents. A previous version of this bill having been passed (1552) by the House of Representatives, the two legislative branches will now reconcile the diff erences between the bill versions before sending it to the Governor’s desk. “I am excited to move this economic development legSal DiDomenico State Senator islation forward so we can invest in small businesses, life sciences, climate tech, and local projects in my district ~ OP-ED ~ City on sidelines too long — soccer stadium key By Mayor Carlo DeMaria n response to the Boston Globe’s continuing coverage on pending legislation that would open the door for a waterfront stadium proposal, I urge the focus to stay on the urgent economic and environmental needs of Everett (“Krafts move closer to their goooooooal,” Business, July 17). The need for this bill has been no secret and has been reported on widely. I welcome the opportunity for all interested parties to be presented with I an offi cial proposal regarding a new soccer stadium if and when the legislation is passed. Mayor Michelle Wu of Boston and I are strong advocates for leveraging private projects to improve the lives of residents in environmental justice communities, especially if they help enhance public transit options for our residents and our region. She’s a great ally for the advancement of bus rapid transit systems, and I appreciate that. The Conservation Law Foundation’s opposition over the process for changing a designated port area makes no sense when one considers the benefi ts of using private funds to replace a contaminated industrial site with a waterfront area — one that features open green space and fresh air. Everett has watched on the sidelines for years while other communities have grown. We have carried the burden of smokestacks and outdated industries long enough. Everett deserves better options such as those our surrounding communities already enjoy. and throughout the Commonwealth,” said Senator DiDomenico, who is Assistant Majority Leader of the Massachusetts Senate. “There is also language in this bill that will help my community clean up a power plant site that has been a health and environmental hazard for decades. This will open up the possibility for hundreds of millions of dollars in private investment, cleanup of a hazardous waste site, create good paying union jobs, and open our waterfront for the public to enjoy. I want to thank Senate President Spilka, Chair Rodrigues, and Senator Finegold for their support, and I look forward to advocating for this $15M | SEE PAGE 7
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