For a transfer to the Massachusetts Growth Capital Corporation for the small business technical assistance grant program; provided, that grants shall be disbursed to community development corporations certified under
chapter 40H of the General Laws, nonprofit community development financial institutions certified by the United States Department of the Treasury or nonprofit community-based organizations to provide technical assistance or training programs to businesses with not more than 20 employees; provided further, that not less than $50,000 shall be expended for Lever, Inc.; provided further, that not less than $50,000 shall be expended to ACT Lawrence, Inc., a non-profit community development corporation to empower residents with a range of community development initiatives and activities such as affordable housing, foreclosure prevention, first-time homebuyer education, family financial literacy and business and youth development; provided further, that not less than $25,000 shall be expended to International Veteran Care Services, Inc. to mitigate food insecurity, provide housing relief, and administer other essential services to members of the veteran community within the Merrimack valley; and provided further, that priority shall be given to those organizations that focus on reaching underserved markets and to worker cooperatives and businesses governed by employee stock ownership plans; and provided further, that not later than January 31, 2025, 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 detailing the: (i) community development corporations that received grants in fiscal year 2024; (ii) community development corporations that received or are expected to receive grants in fiscal year 2025; and (iii) criteria considered in the distribution of these grants
