S816
An Act including worker-owned businesses economic development programs
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill aims to support economic development in Massachusetts by specifically focusing on worker-owned businesses. It intends to create and expand programs designed to foster growth within these businesses and the communities they operate in. The legislation seeks to provide resources and initiatives tailored to the unique needs of businesses where employees also own a stake. It is part of a series of bills addressing economic development initiatives within the state.
Key provisions
- Establishment of economic development programs for worker-owned businesses.
- Support for initiatives aimed at fostering economic growth in communities.
- Potential provision of resources to these businesses.
- Focus on businesses where employees have ownership stakes.
Who is affected
- Worker-owned businesses
- Massachusetts communities
- Small business owners
- Employees of worker-owned businesses
Sponsors
Official sponsors from legislative records.
Primary sponsor
Jacob R. Oliveira
Cosponsors
Jacob R. Oliveira
Steven Owens
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.
Bill S.816 194th (Current)
An Act including worker-owned businesses economic development programs
By Mr. Oliveira, a petition (accompanied by bill, Senate, No. 816) of Jacob R. Oliveira and Steven Owens for legislation to support businesses where employees have ownership stakes within initiatives aimed at fostering economic growth in a community. Financial Services.
View Text Print Preview Download PDF
Bill Information
Bill Information
Presenter: Jacob R. Oliveira Status: Referred to Senate Committee on Ways and Means
Tabs
Bill History Petitioners Committee Vote Committee Summary Primary Sponsor Summary
Bill History
Displaying 5 actions for Bill S.816
| Date | Branch | Action |
| 2/27/2025 | Senate | Referred to the committee on Financial Services |
| 2/27/2025 | House | House concurred |
| 11/7/2025 | Joint | Hearing scheduled for 11/18/2025 from 10:30 AM-01:00 PM in A-2 |
| 11/7/2025 | Joint | Hearing rescheduled to 11/18/2025 from 10:30 AM-01:00 PM in A-2 and Virtual Hearing updated to include Virtual |
| 1/15/2026 | Senate | Bill reported favorably by committee and referred to the committee on Senate Ways and Means |
Similar Bills
H.3249 194th (Current)
An Act relative to creating manufacturing and economic development in the Commonwealth
H.502 194th (Current)
An Act relative to business relocation after receiving state grant funding
H.491 194th (Current)
An Act including worker-owned businesses in economic development programs
H.297 194th (Current)
An Act relative to neighborhood stabilization and economic development
H.304 194th (Current)
An Act establishing the Office of Massachusetts Main Streets
The information contained in this website is for general information purposes only. The General Court provides this information as a public service and while we endeavor to keep the data accurate and current to the best of our ability, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.