Bill > H4758

This bill, known as the MassMakers Act, aims to support economic growth, particularly for small businesses and downtowns in Massachusetts through several key initiatives. The bill establishes a MassMakers Portal, a one-stop interactive web platform that will help businesses navigate state regulatory requirements, complete applications, and access resources. Additionally, it creates a Supply Mass/Buy Mass program to connect local suppliers with local purchasers, and a Massachusetts Downtown Initiative to promote and protect commercial districts. The legislation introduces a Downtown Vitality Fund, funded by 1% of remote sales tax revenue, which will provide grants to support district management, small business development, and economic revitalization efforts. The bill also modifies existing laws to make it easier for businesses to participate in Business Improvement Districts (BIDs) and includes provisions for studying the use of artificial intelligence in tax compliance. A notable feature is the emphasis on supporting Massachusetts-based businesses, particularly microbusinesses, minority-owned businesses, and small businesses, by creating more accessible resources, reducing bureaucratic barriers, and providing targeted economic development support.

Budget and Finance

Committee on Community Development and Small Business (Joint)

https://malegislature.gov/Bills/194/H4758