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Issue Position: Economic Development

Issue Position

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Ed Markey understands that one of the most important roles the federal government can play is that of economic engine, leveraging public with private funds to revitalize urban and suburban areas. From his earliest days as a member of Congress, Ed Markey has worked tirelessly to secure targeted economic development dollars for downtown redevelopment and other projects important to the communities in the 7th District.

Here are just a few examples:

* Ed Markey has been a great partner to cities and towns who have developed visionary downtown redevelopment and transportation infrastructure plans for their communities. In just the past several years, Ed Markey has secured nearly $30 million to assist with community projects like: downtown redevelopment in Malden and Medford; redevelopment of the Wonderland station area in Revere; continued operation of the LIFT transportation system in Framingham; main roadway improvements in Arlington, Watertown, Natick, Waltham, Stoneham, and Woburn; historic preservation in Melrose and Framingham; law enforcement activities in Melrose, Everett, and through the NEMLEC regional law enforcement group.

* Ed Markey has secured millions more for local colleges and universities, hospitals, and 7th District companies engaged in high tech research and development in health, homeland security, and defense-related areas. Some of the projects supported include: contributions toward the effort to build a new emergency department at Whidden Hospital in Everett, and funding for the National Center for Genomics at Brandeis University.

* Since the 1990s and through today, Ed Markey has been working with state, local, and federal officials to ensure the continued viability of the U.S. Army Soldier Systems Center at Natick (Natick Labs) and Hanscom Air Force Base. Over the past 5 years, Ed Markey has secured $12 million to enhance the mission at Natick with monies for a new food lab, thermal lab, and textile center of excellence. Ed Markey, the Massachusetts Congressional Delegation, and state officials scored a huge victory when both Natick and Hanscom were spared from the 2005 round of the Department of Defense Base Realignment and Closure (BRAC) process. Combined, Natick and Hanscom are estimated to contribute almost $4 billion in economic activity to the state of Massachusetts. The economic impact is most dramatic in Natick and the four communities surrounding Hanscom (Lexington, Lincoln, Bedford, and Concord), but it extends as well to Waltham, Framingham, and many other communities in New England.

* After the 1995 BRAC, and thanks largely to efforts by Congressman Markey and MetroWest businesses and community leaders, Natick actually gained 162 jobs. That same year, Hanscom AFB was retained as a vital command and control center for the Air Force.

* The "River's Edge" project, formerly TeleCom City, a cooperative "brownfields" development on the site in Everett, Malden, Medford abandoned by General Electric in the 1980s, has seen millions of federal and state dollars invested for transportation infrastructure improvements, environmental mitigation, and redevelopment initiatives. Congressman Markey has been working closely with the Mayors and other officials in Everett, Malden, and Medford to promote this important mixed-use development. The project has earned national recognition as an Environmental Protection Agency (EPA) "Showcase Community," and has contributed to an educational renaissance in the three communities.

* Through his longstanding perseverance, and with the assistance of former Mayor George Colella and numerous other Revere city officials, Revere Beach, the nation's oldest public beach was designated a National Historic Landmark in 2003. That designation, combined with the millions of federal dollars Ed Markey has secured over the years for beach re-nourishment, Roughan's Point flood mitigation, and most recently millions for improvements to the Wonderland MBTA station, serve as an important financial shot in the arm to help the local economy in Revere.

* In addition to this recent funding, Ed Markey secured $16 million for 7th District projects as part of the Transportation Equity Act for the 21st Century (TEA-21) in 1998 - for projects in Malden, Medford, Everett, Melrose, Revere and Framingham

* In his first days in Congress in the late 1970s and early 1980s, Congressman Markey fought for and won Urban Development Action Grants for development projects in Malden, Melrose, and Medford.

In addition to these local initiatives, Congressman Markey's legislative career has been focused on policy initiatives that foster competition and break down monopolies in the telecommunications and electricity industries, and that spur research and development in environment, telecommunications, medical research and defense. These initiatives are vitally important to the Massachusetts economy and all of its workers and employers. Congressman Markey is looking forward to continuing to pursue an aggressive economic development agenda in the Democrat-led 110th Congress.


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