Bill > S180

This bill aims to improve representation of microbusinesses and small businesses within the Massachusetts Development Finance Agency (MassDevelopment) by expanding the membership and advisory structure of the agency's growth capital division. Specifically, the bill increases the total number of board members from 9 to 12, adding new positions for the executive director of the Coalition for an Equitable Economy, a microbusiness owner, and a small business owner. Additionally, the bill establishes a new growth capital advisory board with a diverse composition that includes representatives from economic development, government committees, agency leadership, small business owners, microbusiness owners, and small business support organizations. The bill also mandates that working groups, hiring committees, and advisory committees must include at least one small business owner, one microbusiness owner, one small business support organization representative, and the executive director of the Coalition for an Equitable Economy. These changes are intended to ensure that the perspectives and needs of small and microbusinesses are more directly represented in the agency's decision-making processes and strategic planning.

Budget and Finance, Business and Industry

https://malegislature.gov/Bills/194/S180