summary
Introduced
02/27/2025
02/27/2025
In Committee
02/27/2025
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)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://malegislature.gov/Bills/194/H491 |
BillText | https://malegislature.gov/Bills/194/H491.pdf |
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