Bill > H410

This bill establishes the Massachusetts Office of Micro and Minority-Owned Businesses (MOMMOB) within the Executive Office of Housing and Economic Development. MOMMOB will be funded through 50% of the annual appropriations to the community empowerment reinvestment grant program and will work to address longstanding inequalities for minority business owners in gateway communities by assisting in creating entrepreneurship opportunities. The MOMMOB board will consist of 9 members, including the Secretary of Housing and Economic Development, the Assistant Secretary of Business Development, and the Secretary of the Executive Office for Administration and Finance, as well as 6 gubernatorial appointees representing micro and minority business owners from gateway communities. MOMMOB will have the power to implement a micro and minority business economic development strategy, adopt bylaws, acquire and dispose of property, and hire staff. The MOMMOB director will submit annual reports to the state legislature, and the state auditor will examine the agency's finances and operations.

Business and Industry

https://malegislature.gov/Bills/193/H410