Budget Amendment ID: FY2020-S3-19

OTH 19

Small Business Technical Assistance Program

Ms. DiZoglio, Messrs. Moore, Kennedy, Lesser, Eldridge and Humason, Ms. Gobi, Messrs. Tran, Hinds, Collins and Cyr, Ms. Chang-Diaz, Messrs. O'Connor and Feeney, Ms. Comerford and Mr. Montigny moved that the proposed new text be amended in section 2, by striking out item 7002-0040 and inserting in place thereof the following item: “7002-0040 For a transfer to the Massachusetts Growth Capital Corporation for the small business technical assistance grant program; provided, that not less than $4,000,000 shall be disbursed as grants to community development corporations certified under chapter 40H of the General Laws, non-profit community development financial institutions certified by the United States Department of the Treasury or non-profit community-based organizations for the purpose of providing technical assistance or training programs to businesses with not more than 20 employees; provided further, that priority shall be given to those organizations that focus on reaching underserved markets; and provided further, that not later than January 15, 2020, the Massachusetts Growth Capital Corporation shall submit a report to the house and senate committees on ways and means and the joint committee on community development and small businesses....................................................................................$4,000,000"