Bill > H47

This bill establishes an Office of Economic Empowerment within the Massachusetts State Treasurer's office, designed to promote economic mobility and financial independence for residents across the commonwealth. The office will be led by an executive director who will have administrative authority to oversee and implement equity-centered programs, policies, and partnerships aimed at providing equitable access to opportunities and resources. The executive director will have the power, subject to budget appropriations, to hire and manage employees necessary to fulfill the office's mission, with total salary expenses limited to the amount approved by the state legislature. Importantly, while the office operates within the treasurer's office, the executive director's duties will be exercised under the treasurer's direction and supervision, ensuring accountability and alignment with broader state economic goals. The creation of this office represents a targeted effort to address economic disparities and support residents' financial advancement through strategic, equity-focused initiatives.

Government Affairs

https://malegislature.gov/Bills/194/H47