An Act promoting entrepreneurship through employee ownership
Take action
Record your position on this measure.
Create an account to take a stance, submit a written position, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
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.
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
15 on record
Primary sponsor
Christopher J. Worrell
Cosponsors
Carmine Lawrence Gentile
Christopher J. Worrell
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours