An Act including worker-owned businesses economic development programs
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill aims to support worker-owned businesses in Massachusetts by establishing economic development programs. It seeks to foster economic growth within communities by providing resources and initiatives specifically tailored to businesses where employees also own a stake. The legislation intends to strengthen these businesses and contribute to broader economic development goals in the state. It builds upon existing efforts to support local businesses and worker cooperatives.
Key provisions
- Creation of economic development programs for worker-owned businesses.
- Support for initiatives aimed at fostering economic growth in local communities.
- Potential provision of resources to these businesses.
- Focus on businesses where employees have ownership stakes.
Who is affected
- Worker-owned businesses
- Massachusetts communities
- Employees of worker-owned businesses
- Economic development organizations
Notable changes
- Specifically targets worker-owned businesses for economic support.
- Builds upon existing economic development programs.
Bill text
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Sponsors
Official sponsors from legislative records.
3 on record
Primary sponsor
Jacob R. Oliveira
Cosponsors
Jacob R. Oliveira
Steven Owens
Arguments
Reasons offered for and against this legislation.
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