Description
The Massachusetts Center for Employee Ownership (MassCEO) is seeking technical assistance service providers to support a pilot stipend program for businesses exploring employee ownership models. The program aims to offset up to 50% of the cost of feasibility studies, business valuations, and related services. The selected vendors will be recognized as approved participating vendors in the pilot stipend program. Key services include feasibility studies, business valuations, and conversion-related services.
• The pilot stipend program will target businesses considering a conversion to an employee ownership model.
• The program will provide reimbursement for up to 50% of the cost of eligible services.
• Vendors must demonstrate experience in providing technical assistance consulting services to client businesses transitioning to an employee ownership model.
• Preference will be given to vendors with a physical office located in Massachusetts, minority- and women-owned businesses, and labor surplus areas.
• The contract duration is expected to be one year and four months, with two one-year renewal options.