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SENATE DOCKET, NO. 2340 FILED ON: 1/17/2025
SENATE . . . . . . . . . . . . . . No. 180
The Commonwealth of Massachusetts
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PRESENTED BY:
Adam Gomez
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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act improving microbusiness and small business representation.
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PETITION OF:
NAME:DISTRICT/ADDRESS :Adam GomezHampden 1 of 2
SENATE DOCKET, NO. 2340 FILED ON: 1/17/2025
SENATE . . . . . . . . . . . . . . No. 180
By Mr. Gomez, a petition (accompanied by bill, Senate, No. 180) of Adam Gomez for legislation
relative membership of the growth capital division within the Massachusetts Development
Finance Agency. Community Development and Small Businesses.
The Commonwealth of Massachusetts
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In the One Hundred and Ninety-Fourth General Court
(2025-2026)
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An Act improving microbusiness and small business representation.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
of the same, as follows:
1 SECTION 1. Subsection (b) of Section 2 of chapter 23G of the General Laws, is hereby
2amended by striking “9” before the word “members” and replacing it with “12” and adding the
3following after the phrase “healthcare financing”:-
4 1 of whom shall be the executive director of the Coalition for an Equitable Economy or
5their designee, 1 of whom shall be a mircorbusiness owner, 1 of whom shall be a small business
6owner,
7 SECTION 2. Section 48 of chapter 23G of the General Laws, is hereby amended by
8adding the following subsections:-
9 (i) The agency shall convene a growth capital advisory board to provide feedback and
10guidance to the agency leadership, board of directors, and growth capital division to carry out
11this chapter that shall include the secretary of economic development or their designee, the chairs
12of the joint committee on economic development and emerging technologies or their designees, 2 of 2
13the executive director of the agency or their designee, the directors of each agency division or
14their designees, the chair and at least 3 other members of the agency’s board of directors, the
15executive director of the Coalition for an Equitable Economy or their designee, at least 3 socially
16or economically disadvantaged small business owners, at least 3 microbusinesses, at least 3 small
17business support organizations, at least 3 current or former participants of programs administered
18by the growth capital division, provided further that the advisory board may establish
19subcommittees related to specific small business assistance programs.
20 (j) At least 1 small business owner, 1 microbusiness owner, 1 small business support
21organization representative, and the executive director of the coalition for an equitable economy
22shall serve on every working group and hiring, screening, and advisory committee established by
23or for the agency on which other members of the agency’s board of directors serve.