Budget Amendment ID: FY2014-S3-267-R2

2nd Redraft ECO 267

Layoff Aversion Program

Ms. Spilka and Messrs. Rosenberg and Rodrigues and Ms. Clark and Mr. DiDomenico and Ms. Candaras and Ms. Donoghue and Mr. Eldridge moved that the proposed new text be amended in section 2, <w:p><w:r><w:t xml:space="preserve">by inserting after item 7007-0952 the following item:-

“7007-1641 For a grant for the Small Business Association of New England for the layoff aversion through management assistance program for consultant and technical assistance to manufacturing companies to prevent business closure and employee displacement; provided, that the expenditure of the layoff aversion through management program in this item shall leverage at least $1 in matching funds for every $1 granted pursuant to this item; provided further, that the president of the Small Business Association of New England shall file a quarterly report with the house and senate committees on ways and means, the joint committee on economic development and emerging technologies and the joint committee on labor and workforce development on the number of employees and manufacturing-based companies that have received financial assistance through this item, a detailed description of the services provided to manufacturing companies through the layoff aversion through management program and a detailed account of the expenditures of the layoff aversion through management program, including administrative costs ...... $250,000

Manufacturing Fund……………….100%”;