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MA H491

MA H491
Including worker-owned businesses in economic development programs


summary

Introduced
02/27/2025
In Committee
02/27/2025
Crossed Over
Passed
Dead

Introduced Session

194th General Court

Bill Summary

For legislation to include worker-owned businesses in certain economic development programs. Economic Development and Emerging Technologies.

AI Summary

This bill proposes to modify Chapter 23G of the Massachusetts General Laws to explicitly include worker-owned businesses in economic development programs. Specifically, the bill amends three sections of the law to add "worker-owned" alongside existing references to other business ownership categories like women-owned and minority-owned contractors. These changes would ensure that worker-owned businesses—businesses where employees collectively own and democratically control the company—are recognized and potentially eligible for the same economic development support and opportunities as other designated business types. By making these statutory modifications, the bill aims to expand economic opportunities and support for businesses with collective employee ownership structures, potentially helping to promote more inclusive and collaborative business models within the state's economic development framework.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Reporting date extended to Monday, December 1, 2025 (on 08/21/2025)

bill text


bill summary

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bill summary

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bill summary

Document Type Source Location
State Bill Page https://malegislature.gov/Bills/194/H491
BillText https://malegislature.gov/Bills/194/H491.pdf
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