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MA S28
Bill
AI Summary
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Massachusetts Capital Resource Company (MCRC) filed its 48th annual report as required by Section 20 of Chapter 816 of the Acts of 1977, covering the taxable year ending December 31, 2024
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Aggregate cumulative investment from partners totaled $100 million, with original $20 million capital contributions starting in December 1977 and additional contributions made through December 1981
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Total qualified investments made by MCRC as of December 31, 2024 reached $817,906,195 across hundreds of Massachusetts companies
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Investment activities are expected to create 12,556 new jobs and preserve 7,620 existing jobs in the Commonwealth, for a total impact of 20,176 positions
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Investments span diverse industries and locations throughout Massachusetts, including manufacturing, technology, healthcare, and services companies in cities from Boston to Worcester to Fall River
Legislative Description
48th Report of the Massachusetts Capital Resource Company
Last Action
Hearing rescheduled to 10/07/2025 from 01:00 PM-02:00 PM in A-2 and Virtual Hearing updated to New End Time
10/7/2025