Establishes the rural jobs act to attract capital investment to rural businesses in Massachusetts.

The rural jobs act aims to promote job retention and creation, and attract new businesses to rural areas in Massachusetts. It establishes a rural growth fund certification process managed by the Massachusetts Office of Business Development (MOBD). Funds can invest in rural businesses with less than 250 employees and $10 million in revenue, located in areas with fewer than 500 residents per square mile. The act sets limits on investment authority and credit-eligible capital contributions, and requires funds to submit annual reports on job creation and retention.

Establishes the rural jobs act to attract capital investment to rural businesses in Massachusetts.

The rural jobs act aims to promote job retention and creation, and attract new businesses to rural areas in Massachusetts. It establishes a rural growth fund certification process managed by the Massachusetts Office of Business Development (MOBD). Funds can invest in rural businesses with less than 250 employees and $10 million in revenue, located in areas with fewer than 500 residents per square mile. The act sets limits on investment authority and credit-eligible capital contributions, and requires funds to submit annual reports on job creation and retention.