Section 5. In performing the duties pursuant to clause (a) of section four the director may contract with private consultants either for the purpose of assessing the viability of a business likely to experience a large loss of employment, plant closure, or failure, and developing an adjustment strategy to keep the business viable and maintain employment, or for the purpose of securing new ownership or new management or both necessary to keep the business in operation as a viable business and maintain employment; provided, however, that before contracting for such services, the director shall determine: (a) that business is unable to pay for these services; and (b) the director cannot obtain such services of sufficient quality and with sufficient speed from an existing state agency, department, office or quasi public corporation to properly perform said duties.
To perform the duties pursuant to clause (h) of section four, a technical assistance fund is hereby established to be used by the director to contract with private consultants solely for the purposes of assessing the feasibility of converting an existing business to an employee-owned business or for assessing the feasibility of establishing a start-up employee-owned business, and for providing other technical assistance to employee-owned businesses and employee-ownership projects including, but not limited to, legal assistance, marketing assistance and educational services; provided, however, that before contracting for such services, the director shall determine that:
(a) the employee-owned business or employee-ownership project is unable to pay for such services;
(b) such services cannot be obtained of sufficient quality and with sufficient speed from an existing state agency, department, office or quasi-public corporation to properly perform said duties; and
(c) the employee-owned business or employee-ownership project agrees to repay the program for the cost of the technical assistance provided the feasibility assessment is positive, based on terms and conditions established by the director.
Structure Massachusetts General Laws
Part I - Administration of the Government
Title II - Executive and Administrative Officers of the Commonwealth
Chapter 23d - Employee-Ownership Revolving Loan Fund
Section 1a - Declaration of Need for Employment Skills Training and Education; Findings
Section 2 - Industrial Service Program; Rules; Procedures
Section 3 - Executive Director; Employees; Utilization of Other Agencies' Resources
Section 5 - Private Consultants; Contracts
Section 6 - Sale of Business; Notice to Employees; Assistance for Buyers
Section 16 - Employee–ownership Revolving Loan Fund
Section 17 - Employee Involvement and Ownership Program; Powers and Duties of Director
Section 18 - Duties; Research and Evaluation
Section 19 - Start-Up Programs; Requests for Grants; Memoranda of Understanding
Section 20 - Assistance for Applicants; Outreach Program
Section 21 - Collective Bargaining Agents; Consent
Section 22 - Area Labor-Management Committees
Section 23 - Retaliation for Participation or Nonparticipation
Section 24 - Grants-in-Aid; Application; Approval
Section 26 - Definition of Displaced Homemaker
Section 27 - State-Wide Advisory Council on Displaced Homemakers
Section 28 - Multi-Purpose Service Centers
Section 29 - Report to Governor
Section 30 - Industrial Service Program; Manufacturing Network Grants
Section 31 - Industrial Service Program Annual Report on Program Activities