Jobs, Economy, Infrastructure
By harnessing the energy and talent of entrepreneurs, educators, scientists, and workers all across the country, Ed believes we can continue to create jobs and promote economic growth. He is a firm believer that strong competition, coupled with a level-playing field, fosters economic prosperity.
Ed is a longtime champion for increasing corporate accountability and cracking down on Wall Street’s fraud and manipulation that led to the financial market meltdown in 2008. As a member of the Senate Committee on Small Business and Entrepreneurship and the Committee on Commerce, Science, and Transportation, Senator Markey plays a key role in the oversight of American consumer-related and business issues.
In July 2019, he introduced the Small Business Innovation Research (SBIR) program, which provides funding for research and development, and ensures that America’s small businesses have access to the capital they need to thrive.
Locally, Ed has helped to secure federal funding that generates economic development and is a longtime advocate for increasing Community Planning and Development grants. Ed helped secure a grant for the Mystic Valley Development Corporation to transform a polluted, industrial section of Medford along the Malden River into the River’s Edge development, which brought jobs and economic growth to Everett, Malden and Medford.
In December 2018, he secured $10.8 million in BUILD Grant funding to upgrade the New England Central Railroad line through Western Massachusetts. The infrastructure project creates jobs, spurs growth and economic activity, and enhances the region’s role in the global economy.
In June 2020, Ed introduced the BRAIN TRAIN Act to develop a truly comprehensive and regional network of affordable, safe, and climate friendly transportation options. The BRAIN TRAIN Act will authorize $5 billion of annual investment for five years in high-performance, intercity passenger rail projects across the nation, for a total of $25 billion. The funding would enable the construction of an expanded South Coast line that connects suburban communities to the south of Boston, as well as an East-West line and a Berkshires-Housatonic line to connect Western Massachusetts with both New York City and Boston.
He’s also helped secure federal funding for an intermodel transit center, public plaza, and pedestrian walkway at Wonderland Station in Revere. The project created hundreds of construction jobs and has attracted hundreds of millions of dollars of private investment to the city.
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Ed has never been afraid to stand up to big corporations who threaten the safety of Massachusetts residents and communities. When natural gas explosions devastated the Merrimack Valley in 2018, Ed brought a Congressional field hearing to Lawrence to hold Columbia Gas executives accountable. Following the findings, Ed introduced the Leonel Rondon Pipeline Act, in honor of the young man who died in the tragedy. The legislation, which passed the House in November 2019, is intended to strengthen pipeline safety by closing regulatory loopholes and increase safety standards.
In East Boston, Ed urged the Massachusetts State Energy Facilities Siting Board (EFSB) to reassess its decision to move forward with an electrical substation. The proposed site poses a fire risk for residents due to its close proximity to an 8 million-gallon tank of jet fuel, and has already flooded twice in the past year. He knows the importance of environmental justice, and fights for our most vulnerable frontline communities.
As Plymouth prepares to celebrate its 400th anniversary this year, Ed led the Massachusetts delegation in securing $13.5 million in federal funding to dredge Plymouth Harbor. The dredging project will allow ships to sail in and out of the harbor for the celebrations.
In 2018, Ed, Senator Elizabeth Warren, and Representative Bill Keating announced the release of a $15.4 million Better Utilizing Investments to Leverage Development (BUILD) grant to improve the infrastructure and environment of the Port of New Bedford. The City will be able to make much needed improvements and expansions to the Port, while eradicating harmful environmental contaminants. Ed knows it’s a simple formula: better infrastructure equals more commercial activity, and more commercial activity equals greater economic development and job creation for the South Coast.