Gov. Charlie Baker signed new economic development legislation into law today, funding up to $1 billion in community and workforce investments.

An Act Relative to Job Creation and Workforce Development (H. 4569) provides new capital funding for local infrastructure, Brownfields site cleanup, Gateway Cities development, site assembly and site readiness, workforce development, emerging technologies and community-based innovation. The legislation also reforms the state’s smart growth housing toolbox, streamlines the state’s Economic Development Incentive Program and allows for the expansion of Boston’s Conley cargo terminal. It will update obsolete liquor laws to ensure that Massachusetts farmer-wineries will continue to be able to sell their products on their own premises.

“This legislation unleashes valuable opportunities for investments in the development of revolutionary new technologies and community-based innovation, connecting every region of the commonwealth to the innovation economy,” Baker said in a statement. “By pairing those investments with a growing commitment to workforce development in high-demand fields like advanced manufacturing, computer science and robotics, we will deepen our efforts to build the nation’s most competitive workforce. I am proud this bipartisan legislation will support the growth of our state’s nationally-leading innovation economy, and help develop the jobs of tomorrow.”

For more details on the law’s funding, visit the commonwealth’s website.