An Act establishing the Office of Employee Ownership within the Department of Community and Economic Development; establishing the Employee Ownership Advisory Board; establishing the Main Street Employee Ownership Grant Program; and providing technical and financial assistance to employee-owned enterprises.

HB 1751 creates a new Office of Employee Ownership within the state's Department of Community and Economic Development to support employee-owned businesses. It establishes an Employee Ownership Advisory Board to guide the program and a Main Street Employee Ownership Grant Program to provide funding for these businesses. The bill also directs the state to offer technical and financial assistance to help employee-owned enterprises grow and operate. This bill directly affects employee-owned businesses seeking support, grants, and guidance through state programs.