H491
An Act including worker-owned businesses in economic development programs
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill aims to broaden access to economic development programs for worker-owned businesses in Massachusetts. Currently, these programs may not fully account for the unique characteristics and needs of businesses where employees also own and operate the company. The legislation seeks to integrate worker-owned businesses into existing programs, potentially providing them with additional resources and support to foster growth and job creation. This would help to strengthen the worker cooperative sector within the state.
Key provisions
- Includes worker-owned businesses in economic development programs.
- Expands eligibility criteria for existing programs.
- Potentially provides access to new funding opportunities.
- Supports the growth and development of worker cooperatives.
Who is affected
- Worker-owned businesses
- Economic development organizations
- Massachusetts residents
- Small businesses
- Cooperative businesses
Sponsors
Official sponsors from legislative records.
Primary sponsor
Steven Owens
Cosponsors
Jacob R. Oliveira
Steven Owens
Arguments in favor
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Bill H.491 194th (Current)
An Act including worker-owned businesses in economic development programs
By Representative Owens of Watertown, a petition (accompanied by bill, House, No. 491) of Steven Owens and Jacob R. Oliveira for legislation to include worker-owned businesses in certain economic development programs. Economic Development and Emerging Technologies.
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Bill Information
Bill Information
Presenter: Steven Owens Status: Referred to House Committee on Ways and Means
Tabs
Bill History Petitioners Committee Vote Committee Summary Hearing Attendance
Bill History
Displaying 5 actions for Bill H.491
| Date | Branch | Action |
| 2/27/2025 | House | Referred to the committee on Economic Development and Emerging Technologies |
| 2/27/2025 | Senate | Senate concurred |
| 5/29/2025 | Joint | Hearing scheduled for 06/05/2025 from 11:00 AM-01:00 PM in A-2 |
| 8/21/2025 | House | Reporting date extended to Monday, December 1, 2025 |
| 12/1/2025 | House | Bill reported favorably by committee as changed and referred to the committee on House Ways and Means |
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