BOSTON (WWLP) - After months of negotiation and delays, Governor Healey signed a sweeping economic development bill on Wednesday. This massive bill pumps funding into the growing life sciences and climate technology industries in the state. Beyond just those industries, the bill encompasses many polices aimed at improving Massachusetts economy, and will create jobs, support small business growth, expand workforce development programs, and support rural economic development initiatives here in western Massachusetts and throughout the state. Governor Healey released a statement describing the impact of the policies she signed into law. "This legislation will create new jobs, strengthen our efforts to recruit and retain the best talent, support all of our communities, and grow our arts, culture and tourism sectors," said Healey. This bill also received the approval of the Energy and Environmental Affairs Secretary. "This legislation is a bold step toward combating environmental degradation, creating good-paying jobs, and securing a sustainable, healthier future for everyone in Massachusetts," said Secretary Rebecca Tepper. This bill includes bond authorizations, which dictate how much money the state is allowed to issue in bonds sold to investors, making it more complicated to pass into law than other bills we have seen come up in informal sessions. The passage of this bill makes good on state leadership's commitment to getting this complicated bill to the finish line during informal sessions.