summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
For legislation to invest in Massachusetts citizens. Economic Development and Emerging Technologies.
AI Summary
This bill establishes a pilot program within the Massachusetts Executive Office of Housing and Economic Development to provide competitive grants totaling $500,000 to startup companies owned by Massachusetts residents and business owners. The program aims to offer ten grants to eligible startups that are newly emerged business ventures seeking to develop a viable business model. The bill requires the Executive Office to set the parameters for eligibility and application guidelines, with the program opening for applications by December 1, 2022, and funding awarded to selected winners by July 1, 2023. Additionally, the Office must submit a report to the state legislature by July 1, 2024, detailing the progress of the pilot program and the economic impact of the grants on the recipient startups.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Accompanied a study order, see S2710 (on 02/22/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/S277 |
| Bill | https://malegislature.gov/Bills/192/S277.pdf |
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