There shall be a special commission established pursuant to section 2A of chapter 4 of the General Laws to study and investigate the feasibility and efficacy of authorizing and directing the University of Massachusetts at Lowell to sell and distribute $1,000,000 annually in tax credits. The commission shall consist of 2 members of the house of representatives, 1 of whom shall be the house chair of the joint committee on economic development and emerging technologies, 2 members of the senate, 1 of whom shall be the senate chair of the joint committee on economic development and emerging technologies, the commissioner of revenue or a designee, the chancellor of the University of Massachusetts at Lowell or a designee, the commissioner of housing and community development or a designee and 4 members to be appointed by the governor. The members of the commission may elect a member to serve as chair. As part of its study and investigation, the commission shall analyze and determine: (1) whether authorizing and directing the university to sell such tax credits would provide the university with the ability to offer business growth services to businesses in the commonwealth that employ 75 people or less; and (2) if a market for such tax credits exist.