Today, Massachusetts Growth Capital Corporation (MGCC) announced over $6 million in small business technical assistance grants to 59 non-profit organizations across the Commonwealth made possible by the Baker-Polito administration. The state-funded Small Business Technical Assistance Grant Program, administered by MGCC, aims to expand economic and entrepreneurial opportunities in underserved communities throughout Massachusetts.
Grants range from $20,000 - $175,000 and enable technical assistance partners to provide crucial support such as individualized business management assistance, financial training, access to capital and loan packaging services to under-resourced small businesses in urban and rural communities. The grant recipients, selected through a competitive process, are as diverse as the businesses they serve. They include community development corporations, micro lenders and chambers of commerce that are committed to help small businesses flourish and to improve the local economy. Key industries receiving support include small businesses in the creative economy, agricultural and food sectors, and retail, service and hospitality businesses.