SECTION 1. Chapter 40G, as so appearing in the 2020 general laws, is amended by adding at the end thereof the following new section:-
Section 12. The Massachusetts Technology Development Corporation established in section 2 of chapter 40G of the General Laws, and doing business as MassVentures, shall establish a competitive grant program to invest in minority-owned or minority-led start-up companies in Massachusetts. The program will provide technical and financial support to said start-up companies and educate and enable said start-up companies to acquire access to additional capital.
SECTION 2. 7002-1501 For a competitive grant program administered by Massachusetts Technology Development Corporation established in section 2 of chapter 40G of the General Laws, and doing business as MassVentures, pursuant to section 12 of chapter 40G........................................... $10,000,000
The information contained in this website is for general information purposes only. The General Court provides this information as a public service and while we endeavor to keep the data accurate and current to the best of our ability, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.