THE MALDEN ADVOCATE–Friday, November 11, 2022 Page 9 DEVELOPMENT | FROM PAGE 1 In July 2022 the Massachusetts House and Senate had both unanimously passed diff ering versions of the bill, which were resolved by a conference committee. The bill now awaits Governor Charlie Baker’s signature or other response. The Malden delegation successfully secured $6 million for MelroseWakefi eld Healthcare for the redevelopment of the former Malden Hospital site, while a total of $950,000 was acquired for the City of Malden for local priorities and projects, including investments of: • $300,000 for improvements to Summer Street, including placemaking, streetscaping and artistic design • $250,000 for renovations to public parks in the city • $200,000 for the maintenance of the Northern Strand Community Trail in Malden • $200,000 to complete planning and economic development studies “After lengthy negotiations on this economic bill, I am delighted to see the Legislature reaching a compromise together to help ease the fi - nancial strain on families and communities who are feeling the monumental impacts of rising energy costs, rent, groceries and other basic necessities,” said Representative Ultrino. “This bill successfully addresses critical needs throughout the Commonwealth, and I am grateful for the eff orts of all my colleagues from House and Senate who helped ensure our communities will receive much-needed assistance. Once again, I am honored to have worked closely with the Malden delegation to obtain key investments for local priorities and programs that will continue to help Malden grow and strengthen our local economy.” “It’s good news that the House and Senate reached fi - nal agreement on this major economic development legislation that will help struggling families and bolster economic growth in the Commonwealth,” said Senator Lewis. “I was very pleased to work closely with the Malden delegation to secure funds for local projects, including improvements for parks, bike paths, and Summer Street.” “The Legislature’s successful efforts on the economic development bill will result in signifi cant investments in state programs and resources that support individuals and families,” said Representative Lipper-Garabedian. “In addition to critical supports for hospitals and human services workers, MBTA improvements, and housing production, among other statewide initiatives, I’m thrilled that the Malden delegation successfully advocated for nearly $1 million in earmarks for the City of Malden’s infrastructure priorities.” “Massachusetts is going to see great community benefi ts as a result of the Economic Development Bill,” said Representative Donato. “The legislation includes funding for projects that will benefi t everyone across the Commonwealth such as MBTA improvements, improved low-income housing, and energy assistance. But Malden will also see the positive eff ects of the spending bill directly with new walking and biking trails, park renovations, Malden Hospital Construction, and more. It’s always excellent to work with the rest of the Malden Delegation to make sure that we are listening to and delivering on the needs of our constituents.” The legislation represents an historic combination of economic investment and statewide fiscal relief that is designed to help communities in Massachusetts weather rising infl ation and challenging economic circumstances. Other major statewide investments include: • $1.4 billion for the human services sector, including $350 million for fi nancially strained hospitals as well as $225 million for provider and worker rate increases • $57 million for the Low-Income Home Energy Assistance Program (LIHEAP) • $409.5 million to support aff ordable housing • $112 million to the MBTA for public transit projects and improvements Classifieds Advocate Call now! 617-387-2200 advertise on the web atwww.advocatenews.net Come Celebrate Thanksgiving Eve Wednesday, Nov. 23 at The Schiavo Club 7:00 PM to Midnight * Free Food! * DJ and Dancing! 71 Tileston Street Everett 2.50 %APY* With rates like this, earning while you save is easier than ever. Ask about our in-home or office concierge service. EARN INTEREST WITHOUT RESTRICTIONS FROM A NEW MILESTONE SAVINGS ACCOUNT. Saving is hard. We get it. Life gets in the way. That’s why we created the Milestone Savings Account. With an amazing 2.50% APY* and no restrictions, reaching those financial goals gets a lot easier. Stay liquid. Earn while you save. And do it easily with a New Milestone Savings Account. Go to everettbank.com for details. *Rates are variable, subject to change at any time and accurate as of the date posted. A minimum of $50,000 is required to open a Milestone Savings Account and earn the advertised Annual Percentage Yield (APY) Balances of $10-$49,999 will earn an APY of 0.05%. Milestone Savings is available to new customers and existing customers with new monies of $50,000.
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