Bill

Bill > S209


MA S209

To establish an entrepreneur learner's permit program


summary

Introduced
01/22/2019
In Committee
08/10/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation to establish an entrepreneur learner's permit program. Economic Development and Emerging Technologies.

AI Summary

This bill establishes an Entrepreneur Learner's Permit Program in Massachusetts, which aims to encourage and assist first-time entrepreneurs and business owners in starting new advanced manufacturing, cybersecurity, information services, and green technology businesses by providing reimbursements for state filing, permitting, or licensing fees associated with business formation. The Massachusetts Technology Collaborative, a state agency, will administer the program and prioritize applications from female and minority applicants. The program will allocate up to $100,000 each year to first-time entrepreneurs in the western, central, and eastern regions of the state, and the Collaborative will conduct an annual study to assess the program's effectiveness. The program is set to expire on March 1, 2022, unless it is continued by the legislature.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (6)

Last Action

Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 08/10/2020)

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