Steve Grossman, State Treasurer, Proposes 'Move Money' Plan In Massachusetts

Move Your Money: Treasurer Proposes New Plan To Promote Local Banks

State Treasurer Steve Grossman wants to invest in the commonwealth, and he has at least $100 million to spend.

Grossman pitched his "Move Money" program to local bank leaders on Wednesday in an effort to increase loans to the state's small businesses. Grossman said the slow pace of the economic recovery has made it difficult for small businesses to obtain loans, and local and regional banks should be the ones prepared to help. Grossman described the program to The Herald News editorial board prior to his meeting with bank leaders.

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