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 specifically consider the unique needs and characteristics of businesses where employees also own and operate the company. The legislation seeks to integrate worker-owned businesses into existing programs, providing them with greater opportunities for growth and support. This would help foster a more equitable and inclusive economic development landscape.
Key provisions
- Includes worker-owned businesses in economic development programs.
- Expands eligibility criteria for existing programs.
- Potentially creates new programs tailored to worker-owned businesses.
- Focuses on supporting the growth and development of these businesses.
Who is affected
- Worker-owned businesses in Massachusetts
- Economic development organizations
- Small business owners
- Massachusetts residents
Notable changes
- Addresses a potential gap in current economic development program eligibility.
- May require adjustments to existing program guidelines and application processes.
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
Reasons offered for and against this legislation.
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