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MA H287

MA H287
Relative to the development of a strategy supporting micro businesses in inner city communities


summary

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

Introduced Session

192nd General Court

Bill Summary

Relative to the development of a strategy supporting micro businesses in inner city communities. Community Development and Small Businesses.

AI Summary

This bill establishes the Micro and Minority Business Strategy Committee (MMBSC), a public instrumentality tasked with developing and implementing an economic development strategy to support micro and minority-owned businesses, particularly in inner-city and urban areas. The MMBSC will consist of 9 members, including government officials and representatives of micro and minority business owners. The MMBSC will have broad powers, including the ability to invest funds, borrow money, and provide advisory services and technical assistance to micro and minority businesses. The state treasurer can purchase shares of the MMBSC to support its activities, and the MMBSC must submit an annual report on its operations.

Committee Categories

Business and Industry

Sponsors (11)

Last Action

Accompanied a study order, see H5027 (on 08/22/2022)

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