Amendment #205 to H4000

Microlending

Representatives Story of Amherst, Puppolo of Springfield, Scibak of South Hadley, Andrews of Orange, Vega of Holyoke, Finn of West Springfield, Kocot of Northampton, Gobi of Spencer, Mark of Peru and Madden of Nantucket move to amend the bill in section 2, by inserting after item 7007-0800 the following new item:  7007-0801 For microlending grants of up to $500,000 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 ………………… $1,000,000