An Act including worker-owned businesses in economic development programs
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
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
Bill text
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Sponsors
Official sponsors from legislative records.
3 on record
Primary sponsor
Steven Owens
Cosponsors
Jacob R. Oliveira
Steven Owens
Arguments
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