SBANE

Lawmakers sent House Bill 4352 to the Governor’s desk on Wednesday, August 1st, 2012 to await his signature. The economic development legislation includes funding for SBANE to resurrect the popular “Layoff Aversion Through Management Assistance“

The text specific to the program is below:

“SECTION 2:

Executive Office of Housing and Economic Development

Massachusetts Office of Business Development

7007-1641   For a grant for the Small Business Association of New England for the layoff  aversion through management assistance program for consultant and technical assistance to  manufacturing companies to prevent business closure and employee displacement; provided, that the expenditure of the layoff aversion through management program in this item shall leverage at least $1 in matching funds for every $1 granted pursuant to this item; provided further, that the president of the Small Business Association of New England shall file a quarterly report with the house and senate committees on ways and means, the joint committee on economic development and emerging technologies and the joint committee on labor and workforce development on the number of employees and manufacturing-based companies that have received financial assistance through this item, a detailed description of the services provided to manufacturing companies through the layoff aversion through management program and a detailed account of the expenditures of the layoff aversion through management program, including administrative costs ………………………………………………………………………… $250,000″

House Bill Number 4352 is available in it’s entirety by Clicking here