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Bill

H 3111

An Act establishing the micro business fund

194th Legislature (2025-2026) Introduced by Carlos González and 1 co-sponsor

Massachusetts bill establishes state micro business fund providing financial support and technical assistance to small entrepreneurs, particularly underrepresented business owners.

Bill reported favorably by committee and referred to the committee on House Ways and Means
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Bill Summary · H 3111

Legislative bill overview

H 3111 establishes a dedicated micro business fund in Massachusetts designed to provide financial support and resources to small businesses, particularly those owned by underrepresented entrepreneurs. The bill allocates state funding to create a mechanism for micro-loans, grants, or technical assistance to help startup and existing micro-enterprises grow and create jobs.

Why is this important

Micro businesses—typically defined as businesses with fewer than 10 employees—represent a significant portion of Massachusetts's economy and employment but often face barriers accessing traditional capital and business support services. This fund could democratize entrepreneurship by reducing financial obstacles for low-income entrepreneurs and business owners from marginalized communities, potentially increasing economic mobility and community wealth-building.

Potential points of contention

  • Funding source and amount: The bill's fiscal impact remains unclear from the actions listed; whether funding comes from new revenue, budget reallocation, or bonds will affect its political viability
  • Eligibility criteria: Definitions of "micro business" and selection criteria for fund recipients could be contentious—concerns about fairness, geographic distribution, and industry focus
  • Program administration: Questions about which state agency manages the fund, overhead costs, and performance accountability metrics for measuring success

Compiled from official sources — confirm details with the bill’s official record.

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