Baker Administration announces new grant program as part of comprehensive economic development plan
Today, the Baker-Polito Administration announced a $774 million comprehensive plan to stabilize and grow the Massachusetts economy. Partnerships for Recovery begins today by directing $115 million in new funding to small businesses and Main Streets hardest hit by the COVID-19 pandemic and for workforce training efforts.
Small Business Grant Program Details
Massachusetts Growth Capital Corporation (MGCC) is administering the Small Business Grants program, with $50.8 million available beginning today. Grant awards range between $25,000 – $75,000, and eligibility criteria and applications are available here.
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.
Direct Support to Small Business and Main Street
Many communities have seen their Main Streets and downtown districts hit particularly hard by the pandemic, and new funding aims to help cities and towns plan for short-term innovations and long-term recovery. A new $10 million round of the Shared Streets and Spaces Grant Program will continue to help cities and towns quickly implement or expand improvements to sidewalks, curbs, streets, on-street parking spaces and off-street parking lots in support of public health, safe mobility, and renewed commerce in their communities. Separately, local recovery planning grants will soon be available to cities and towns to assist with long-term planning for their business districts. A total of $10 million is available for this program. – This grant is only open to municipalities, but can be applied for in conjunction with a business.
MRA Common Question:
If a neighboring town’s Board of Health notifies me about an employee testing positive for Covid, must I still notify my own local Board of Health?
Yes, if you are notified of an employee testing positive, then you must notify your local Board of Health.