H3111
An Act establishing the micro business fund
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Bill overview
This bill creates a new fund called the Micro Business Fund. The fund’s purpose is to provide financial assistance to small businesses, particularly those that may not qualify for traditional loans. It aims to support entrepreneurship and economic growth within Massachusetts by offering grants or other financial resources to micro businesses. The fund will be managed by the state’s Revenue Department.
Key provisions
- Establishes the Micro Business Fund.
- Designates the Revenue Department as the managing agency.
- The fund will provide financial assistance to micro businesses.
- Specific eligibility criteria for micro businesses will be determined.
- The bill outlines the process for applying for and receiving funds from the Micro Business Fund.
Who is affected
- Micro businesses
- Small business owners
- Massachusetts entrepreneurs
- The Revenue Department
- Economic development sector
Sponsors
Official sponsors from legislative records.
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Bill H.3111 194th (Current)
An Act establishing the micro business fund
By Representative González of Springfield, a petition (accompanied by bill, House, No. 3111) of Carlos González relative to establishing the micro business fund. Revenue.
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Bill Information
Bill Information
Presenter: Carlos González Status: Referred to House Committee on Ways and Means
Tabs
Bill History Petitioners Committee Summary Hearing Attendance
Bill History
Displaying 4 actions for Bill H.3111
| Date | Branch | Action |
| 2/27/2025 | House | Referred to the committee on Revenue |
| 2/27/2025 | Senate | Senate concurred |
| 10/21/2025 | Joint | Hearing scheduled for 10/28/2025 from 01:00 PM-05:00 PM in B-2 |
| 2/5/2026 | House | Bill reported favorably by committee and referred to the committee on House Ways and Means |
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