summary
Introduced
01/20/2015
01/20/2015
In Committee
04/21/2016
04/21/2016
Crossed Over
Passed
Dead
07/31/2016
07/31/2016
Introduced Session
189th General Court
Bill Summary
Relativerelative to state grants targeting minority communities and minority businesses. State Administration and Regulatory Oversight.
AI Summary
This bill declares that the commonwealth should invest in minority businesses, recognizing the significant wealth gap based on race and ethnicity and the limited access to financial capital for minority-owned businesses. To address this, the commonwealth commits to allocating at least 15% of its total state grant funding annually to minority communities and minority businesses, specifically those where over half of the board members identify as minorities.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (2)
Last Action
Bill reported favorably by committee and referred to the committee on House Ways and Means (on 04/21/2016)
Official Document
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/189/House/H3520 |
| State Bill Page | https://malegislature.gov/Bills/189/H3520 |
| Bill | https://malegislature.gov/Bills/189/H3520.pdf |
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