Republican candidate for governor Charlie Baker is planning to unveil an economic development plan during a morning press conference.

Baker, who served as budget chief under former governors William Weld and Paul Cellucci, will be joined by former Boston Redevelopment Authority Director Paul Barrett, Hill Holiday CEO Karen Kaplan, community service providers and small business owners.

The press conference is scheduled for 10:15 a.m. at the Hampshire House in Boston.

Democrat Martha Coakley has already pledged to make $500 million in funding available over the next decade to help speed up economic growth across the state if she's elected governor.

Coakley said $400 million would go to major infrastructure projects. Another $100 million would be used for grants to businesses and nonprofit groups to help identify economic development strategies.

The election is Nov. 4.