The Economic Development division of the OSPCD is committed to fostering the growth of a resilient and equitable economic base in Somerville by supporting the creation of good jobs, helping to prepare Somerville’s workforce for the jobs of today and tomorrow, fostering the growth of new and existing businesses and expanding the commercial tax base of Somerville. The division pursues this mission within three core strategy areas: real estate development, workforce development and business development.
Changes from FY20
Personal Services - A 19% decline in personal services is driven by general fund base salaries shifted to additional grant funding opportunities.
Ordinary Maintenance - 40% decrease in ordinary maintenance was primarily achieved by the stoppage of the Great Boston Economic Compact project, suspending the culinary grant match program and shift in small business assistance programs to other grant sources. Economic Development will also be administering the $1M CDBG Small Business COVID Relief program.