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A sweeping economic development bill totaling nearly $1 billion over five years proposed by the Baker administration will keep Massachusetts at the forefront of innovation while spreading the wealth across the state, officials said.

“As good as things are, we want to make them better,” Secretary of Housing and Economic Development Jay Ash said yesterday. “We want to spread them across the state, we want to especially make sure all of our businesses and all of our residents are able to achieve their greatest possible success.”

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