Amendment #330 to H3400

SEED/WMEF

[Sponsors] Representatives Canessa of New Bedford and Swan of Springfield, move to amend the bill in section 2, by adding after line item 7007-0800 the following new item:-

"7007-0801 For microlending grants of up to $200,000, to be issued to established Community Development Financial Institutions making direct microenterprise and small business loans to borrowers on a regional basis, as well as providing technical assistance to applicants and borrowers in order to foster business establishment and success, provided that the funds will be used to support the eligible organization's lending and technical assistance activities..........................$400,000"