An Act relative to state grants targeting minority communities

This bill requires that at least 30 percent of recipients for state grants under four specific economic development programs be minority-owned businesses or entities with boards where at least half the members are from minority groups. The legislation directly affects the Massachusetts Department of Economic Professional Development and Emerging Technologies by mandating these diversity quotas for funding distribution. By amending existing state laws, the bill ensures that a significant portion of public funds allocated to businesses supports ownership and leadership by minority communities.