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Bill > HB2888


PA HB2888

PA HB2888
Establishing the Office of Employee Ownership within the Department of Community and Economic Development; establishing the Main Street Employee Ownership Grant Program; and providing technical and financial assistance to employee-owned enterprises.


summary

Introduced
10/20/2022
In Committee
10/20/2022
Crossed Over
Passed
Dead
11/30/2022

Introduced Session

2021-2022 Regular Session

Bill Summary

Establishing the Office of Employee Ownership within the Department of Community and Economic Development; establishing the Main Street Employee Ownership Grant Program; and providing technical and financial assistance to employee-owned enterprises.

AI Summary

This bill establishes the Office of Employee Ownership within the Department of Community and Economic Development to advocate for and provide support to employee-owned enterprises. It creates the Main Street Employee Ownership Grant Program to assist small retail businesses in acquiring or converting to employee ownership. The bill also provides technical and financial assistance, including loans and loan guarantees, to help establish and maintain employee-owned enterprises in the Commonwealth.

Committee Categories

Business and Industry

Sponsors (15)

Last Action

Referred to COMMERCE (on 10/20/2022)

bill text


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