Bill > S184

This bill aims to increase transparency and support for microbusinesses and small businesses, particularly those owned by socially or economically disadvantaged groups like minorities, women, veterans, and immigrants. The bill requires the Massachusetts economic development agency to collect and publicly report detailed, anonymized data about its business support programs, including information such as jobs created, capital distributed, business demographics, geographic location, industry, and ownership characteristics. Specifically, the agency must publish this data on its website and in annual reports to legislative committees within 90 days of each fiscal year. The bill also mandates that the agency develop and publicly share equity goals designed through stakeholder engagement, with a focus on prioritizing support for historically underserved business communities. These requirements apply to both the agency's growth capital division and the broader executive office of economic development, ensuring comprehensive reporting and a commitment to supporting diverse small businesses across the state.

Budget and Finance, Business and Industry

https://malegislature.gov/Bills/194/S184