H 4460
An Act improving micro business and small business representation
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Bill overview
This bill amends the governance of a state agency focused on supporting micro and small businesses. It establishes a new board of directors with specific expertise requirements, including representation from diverse communities, labor, banking, and small business ownership. The governor will appoint the board members, with a focus on ensuring diverse perspectives and experience within the small business sector.
Key provisions
- Creates a new board of directors to oversee the agency's operations.
- Requires board members to have specific experience in areas such as real estate development, credit, and small business financing.
- Mandates representation from diverse communities, organized labor, and community banks.
- Requires the governor to appoint 16 board members, including a microbusiness owner.
- Designates the Secretary of Economic Development as chairperson of the board.
- Establishes term lengths and appointment procedures for board members.
- Requires the governor to appoint two additional board members within 30 days of the bill's effective date, one with experience in supporting businesses owned by diverse communities and one who owns a microbusiness.
- Allows for the removal of board members for cause by the governor.
Who is affected
- Micro businesses
- Small businesses
- Massachusetts residents
- Community development corporations
- Small business owners
Sponsors
Official sponsors from legislative records.
Primary sponsor
Joint Committee on Community Development and Small Businesses
Cosponsors
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Bill H.4460 194th (Current)
An Act improving micro business and small business representation
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Bill Information
Bill Information
Sponsor: Joint Committee on Community Development and Small Businesses Status: Referred to House Committee on Ways and Means
Emergency Preamble
Whereas, The deferred operation of this act would tend to defeat its purpose, which is to improve micro business and small business representation, therefore it is hereby declared to be an emergency law, necessary for the immediate preservation of the public convenience.
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Bill History Cosponsors Committee Vote Committee Summary
Bill History
Displaying 3 actions for Bill H.4460
| Date | Branch | Action |
| 9/8/2025 | House | Reported from the committee on Community Development and Small Businesses |
| 9/8/2025 | House | New draft of H300 |
| 9/8/2025 | House | Bill reported favorably by committee and referred to the committee on House Ways and Means |
Similar Bills
H.300 194th (Current)
An Act improving micro business and small business representation
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