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Bill > H525


MA H525

MA H525
Relative to the student entrepreneurial and economic investment fund


summary

Introduced
03/29/2021
In Committee
03/21/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation to establish a student entrepreneurial and economic investment fund. Economic Development and Emerging Technologies.

AI Summary

This bill establishes a Student Entrepreneurial Development and Economic Investment Fund (the "Student Investment Fund") within the Commonwealth of Massachusetts. The Fund will be administered by an Investment Board consisting of representatives from the state government, higher education, and the private sector. The purpose of the Fund is to provide grants to Massachusetts students to fund the development of their entrepreneurial ideas and prototypes, with the goal of attracting students to the Commonwealth and fostering economic growth. The Investment Board will hold periodic hearings to review business plans from students and distribute grants, subject to certain funding limitations. The Board is required to submit an annual report on the Fund's activities and financial statements.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (5)

Last Action

No further action taken (on 01/03/2023)

bill text


bill summary

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bill summary

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bill summary

Document Type Source Location Created
State Bill Page https://malegislature.gov/Bills/192/H525 04/14/2021
Bill https://malegislature.gov/Bills/192/H525.pdf 04/14/2021
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