Bill

Bill > S268


MA S268

To provide startup capital for minority entrepreneurs


summary

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

Introduced Session

192nd General Court

Bill Summary

For legislation to provide startup capital for minority entrepreneurs. Economic Development and Emerging Technologies.

AI Summary

This bill aims to provide startup capital for minority entrepreneurs in Massachusetts. It would establish a competitive grant program administered by the Massachusetts Technology Development Corporation (MassVentures) to invest in minority-owned or minority-led startup companies in the state. The program would provide technical and financial support to these startups and help them acquire additional capital. The bill also appropriates $10 million to fund this new grant program.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (2)

Last Action

Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 03/03/2022)

bill text


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