H503
An Act promoting entrepreneurship through employee ownership
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- Passed House
- Passed Senate
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Bill overview
This bill aims to encourage entrepreneurship in Massachusetts by promoting employee ownership of businesses. It seeks to create a more supportive environment for businesses where employees have a stake in the company’s success. The legislation intends to facilitate the transition of businesses to employee-owned structures and potentially stimulate economic growth. It does so by encouraging and supporting the development of employee ownership models.
Key provisions
- Provides resources and support for businesses transitioning to employee ownership.
- May offer incentives for employee ownership structures.
- Supports the creation of employee ownership organizations.
- Encourages the development of employee ownership education and training programs.
- Facilitates access to capital for employee-owned businesses.
Who is affected
- Entrepreneurs
- Small business owners
- Employees
- Massachusetts businesses
- Investors
Notable changes
- The bill focuses on fostering employee ownership as a means of promoting entrepreneurship.
- It likely builds upon existing efforts to support small businesses and job creation.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Christopher J. Worrell
Cosponsors
Adrian C. Madaro
Carmine Lawrence Gentile
Christopher J. Worrell
Lindsay N. Sabadosa
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
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Bill H.503 194th (Current)
An Act promoting entrepreneurship through employee ownership
By Representatives Worrell of Boston and Garballey of Arlington, a petition (accompanied by bill, House, No. 503) of Christopher J. Worrell for legislation to promote entrepreneurship through employee ownership. Economic Development and Emerging Technologies.
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Bill Information
Bill Information
Presenters: Christopher J. Worrell , Sean Garballey
Tabs
Bill History Petitioners Committee Summary Hearing Attendance
Bill History
Displaying 5 actions for Bill H.503
| 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 |
| 3/5/2026 | House | Accompanied a study order, see H5178 |
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