Amendment #47 to H3600

Microlending Grants

Representatives Haddad of Somerset and Vega of Holyoke move to amend the bill, in section 2, by inserting after line item 7007-0800, the following new line item:

“7007-0801: For microlending grants of up to $100,000 which shall 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, and providing technical assistance to applicants and borrowers in order to foster business establishment and success; provided, that the funds shall be used to support the eligible organizations’ lending and technical assistance activities, and provided further that the funds shall be allocated to SEED Corporation and Common Capital for these purposes..........$200,000.”

Additional co-sponsor(s) added to Amendment #47 to H3600

Microlending Grants