An Act including worker-owned businesses in economic development programs
Massachusetts bill expands state economic development programs to include worker-owned businesses with dedicated funding, grants, and technical assistance support.
Massachusetts bill expands state economic development programs to include worker-owned businesses with dedicated funding, grants, and technical assistance support.
HD 4013 expands Massachusetts economic development programs to explicitly include and support worker-owned businesses (co-ops and employee-owned enterprises). The bill ensures these business models can access state funding, grants, tax incentives, and technical assistance programs previously available primarily to traditional corporate structures. It directs state agencies to develop specific support mechanisms and tracking for worker-owned business development.
Worker-owned businesses represent a different ownership and profit-sharing model that can affect job quality, wealth distribution, and community economic resilience. Including them in state economic development programs acknowledges this model as a legitimate development strategy and could increase their formation and competitiveness. This reflects growing national interest in alternative business structures as tools for addressing inequality and economic stability.
Compiled from official sources — confirm details with the bill’s official record.
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