Amendment #407 to H3400

Microlending

Representatives Story of Amherst, Haddad of Somerset, Cariddi of North Adams, Farley-Bouvier of Pittsfield, Puppolo of Springfield, Scibak of South Hadley, Vega of Holyoke, Peake of Provincetown, Mark of Peru and Cabral of New Bedford move to amend the bill in section 2 by inserting after item 7007-0800 the following item:-

7007-0801  For microlending grants of up to $100,000 to be issued to established Community Development Financial Institutions and Community Advantage Lenders 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 ………………… $200,000