1 of 1
SENATE DOCKET, NO. 459 FILED ON: 1/13/2025
SENATE . . . . . . . . . . . . . . No. 306
The Commonwealth of Massachusetts
_________________
PRESENTED BY:
Patrick M. O'Connor
_________________
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 to invest in Massachusetts citizens.
_______________
PETITION OF:
NAME:DISTRICT/ADDRESS :Patrick M. O'ConnorFirst Plymouth and Norfolk 1 of 2
SENATE DOCKET, NO. 459 FILED ON: 1/13/2025
SENATE . . . . . . . . . . . . . . No. 306
By Mr. O'Connor, a petition (accompanied by bill, Senate, No. 306) of Patrick M. O'Connor for
legislation to invest in Massachusetts citizens. Economic Development and Emerging
Technologies.
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE SENATE, NO. 237 OF 2023-2024.]
The Commonwealth of Massachusetts
_______________
In the One Hundred and Ninety-Fourth General Court
(2025-2026)
_______________
An Act to invest in Massachusetts citizens.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
of the same, as follows:
1 The Commonwealth, through the Executive Office of Housing and Economic
2Development, shall institute a pilot program to offer a competitive grant program for startup
3companies owned by Massachusetts residents and business owners. For the purposes of this
4section, “startup company” shall be defined as a newly emerged business venture that aims to
5develop a viable business model to meet a marketplace need. The pilot program shall aim to
6provide ten grants totaling $500,000 to eligible startup companies who apply for the grant. The
7Executive Office of Housing Economic Development shall promulgate parameters of eligibility
8and guidelines for application to the grant program, provided that the program be open for
9application no later than December 1, 2025, and the funding be awarded to selected winners no
10later than July 1, 2026. The Executive Office of Housing and Economic Development shall 2 of 2
11submit a report to the Clerks of the House and Senate detailing the progress of the pilot program
12as well as the economic consequences of the grants on the recipient startup companies no later
13than July 1, 2027.