Bill > S816

This bill proposes amendments to Chapter 23G of the Massachusetts General Laws to explicitly include worker-owned businesses in existing economic development programs. Specifically, the bill modifies three sections of the law to add the term "worker-owned" alongside existing categories of businesses such as women-owned and minority-owned contractors. By making these insertions, the legislation aims to expand economic development initiatives to support businesses where employees have ownership stakes, potentially providing such worker-owned enterprises with the same types of economic development opportunities and support currently available to other designated business categories. The changes are technical in nature, essentially updating language to recognize worker-owned businesses as a distinct and valuable type of business enterprise worthy of inclusion in economic development programs. This modification could help promote more collaborative and employee-centered business models by providing them with increased visibility and potential access to economic development resources.

Budget and Finance, Business and Industry

https://malegislature.gov/Bills/194/S816