Massachusetts Announces New Support for Small Businesses
Late last week Governor Baker, Lt. Governor Polito, and Housing and Economic Development Secretary Kennealy announced substantial new support for small businesses across the Commonwealth. This support totals $668M in grant funding to stabilize our small business community. These funds will be used for two purposes: first, to make awards to qualified, existing applicants that did not receive grants in the first round of the MGCC Small Business Grant program, and second, to accept new applications from businesses in targeted industries, including restaurants, bars, indoor recreation and entertainment establishments, gyms and fitness centers, personal services, and others.
Eligible businesses that already applied to the MGCC Small Business Grant Program, but were not funded due to limited funds available, will be prioritized for funding first and do not need to reapply. The online application portal for the new program will open this Thursday, December 31 at noon, and will close on Friday, January 15. Awards are expected to be announced in early February. You may read more about program terms in the press release or at www.empoweringsmallbusiness.org.