COVID-19 Updates for Business

Updated October 23, 2020

NEW SMALL BUSINESS GRANT PROGRAM FROM THE STATE OF MASSACHUSETTS

Massachusetts Growth Capital Corporation (MGCC) is administering a Small Business Grants program, with $50.8 million available beginning today. Grant awards range between $25,000 and $75,000; eligibility criteria and applications are available online here. Applications for the Small Business Grants program are now open. 

As part of this grant program, preference is given to small businesses whose owners are women, minorities, veterans, members of other underrepresented groups, or focused on serving the Gateway Cities of Massachusetts, who have been unable to open and those most adversely impacted by the COVID-19 pandemic. Preference is also given to applicants that have not been able to receive aid from other federal programs, including PPP and other relief related to COVID-19. 

The program has two distinct funding “doors” based on business size, with different eligibility criteria, which is available online. Applicants must review the information to determine which program to proceed with applying.