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MA S261

Enabling the Massachusetts Center for Employee Ownership


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 enable the Massachusetts Center for Employee Ownership. Economic Development and Emerging Technologies.

AI Summary

This bill establishes the Massachusetts Center for Employee Ownership within the Massachusetts Office of Business Development. The Center will provide education, outreach, and promote efforts to create an environment that expands and enhances employee ownership in the state. The bill also creates an advisory board on employee ownership to advise the Governor and the Director of the Center on issues and policy matters related to employee involvement and ownership. The advisory board will have 19 members, including representatives from various state agencies and organizations, as well as appointed members representing employee-owned companies and worker cooperatives.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (1)

Last Action

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

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