An Act to invest in Massachusetts citizens

This bill directs the Executive Office of Housing and Economic Development to create a pilot grant program offering up to $500,000 to startup companies owned by Massachusetts residents. To qualify, applicants must be new businesses with viable models that address marketplace needs, and the program will operate between December 1, 2024, and July 1, 2025. The state agency is required to set specific eligibility rules and must submit a final report by July 1, 2026, detailing how the grants affected the recipient companies.