Amendment #563 to H3600

Micro-Lending Grants Amendment

Representatives Benson of Lunenburg, Hay of Fitchburg, Ferguson of Holden and Miceli of Wilmington move to amend the bill, in section 2, by inserting after line item 7007-0800 the following new line item:-

7007-080X 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; provided further, that $100,000 shall be expended to the North Central Massachusetts Development Corporation……………….. $300,000”.

Additional co-sponsor(s) added to Amendment #563 to H3600

Micro-Lending Grants Amendment