Governor Baker awards grants to 1,100 small businesses
PLYMOUTH (Mass.gov) – Governor Charlie Baker, Lieutenant Governor Karyn Polito and Housing and Economic Development Secretary Mike Kennealy joined small business owner Raquel Mullaney and state and local officials representing Plymouth to announce an additional $ 45.3 million in grants to 1,100 small businesses in the fifth round of awards under the COVID-19 Small Business Grants Program administered by the Massachusetts Growth Capital Corporation (MGCC). Among the key industries most affected by the pandemic, restaurants, bars and retail stores are the main groups to receive grants. Today’s announcement took place at 1620 Winery, located at Cordage Park in Plymouth, a recipient of a Small Business Grant in a previous award round.
To date, the Baker-Polito administration has provided more than $ 277 million in direct financial support to 5,857 small businesses. This funding was made available thanks to a $ 668 million company relief fund implemented in December 2020, as well as $ 50.8 million for diversified small businesses included in the economic stimulus package announced in October of last year.
Additional grants will be announced in the coming weeks for thousands more businesses.
“Our administration remains committed to meeting the needs of businesses as we continue to navigate the pandemic and its economic impact,” Governor Charlie Baker said. “We are delighted to award this latest round of grants to help a total of more than 5,800 small businesses cover expenses such as payroll, rent and utilities, and we look forward to putting more funds between them. hands of small businesses in the Commonwealth as soon as possible. to support their recovery.
“Our small businesses have been challenged throughout this crisis, and each has played an important role in stopping the spread of this deadly virus,” he added. said Lieutenant Governor Karyn Polito. “Since the first requests for help came in, we’ve been working to prioritize small business owners who need the help the most, and I’m proud to see so many women-owned businesses, as well as industries, priorities, included in this cycle. scholarships.
“Before the pandemic, our administration had already identified opportunities to improve access to capital, space and networks for women-owned and minority-owned businesses, and our work today aims to ensure that these companies are moving on the other side of this crisis, ” Housing and Economic Development Secretary Mike Kennealy said. “The MGCC will continue to expertly administer these two grant programs to provide cash assistance to struggling businesses, as well as partner with organizations in Massachusetts to help these businesses tap into new federal resources. ”
Regardless of this round of small business grants, the MGCC continues to review applications submitted for its sector-based small business assistance grant program. Based on the success of the CRJM’s first grant program targeting small businesses, the sector program targets businesses in sectors experiencing the greatest economic difficulties, regardless of the number of employees.
Industries that will be prioritized in the new program include:
- Restaurants, bars, caterers and food trucks;
- Indoor leisure and entertainment establishments;
- Gyms and fitness centers;
- Event support companies (photographers, videographers, etc.);
- Personal services (nail salons, hair salons, independent pharmacies, etc.);
Sector-specific applicants can review the status of their application through the Submit Portal available at www.empoweringsmallbusiness.org. The allocation notifications for the sector program will be made in February.
Small Business Technical Assistance Grant Program
The Baker-Polito administration and Massachusetts Growth Capital Company also announced nearly $ 5 million in small business technical assistance grants to 63 nonprofits across the state. The state funded Small Business Technical Assistance Grant Program, administered by the MGCC, aims to expand economic and entrepreneurial opportunities in underserved communities across the Commonwealth.
These technical assistance grants allow nonprofits across Massachusetts to provide essential services such as on-demand assistance from pandemic grant and loan programs, such as the Paycheck Protection Program (PPP). , as well as personalized business management assistance, financial training, access to COVID capital packaging and loan services to underfunded small businesses in urban and rural communities. Grant recipients, selected through a competitive process, are as diverse as the businesses they serve, including community development corporations, micro-lenders, and chambers of commerce.
Since fiscal 2015, the program has awarded more than $ 15 million in grants. These funds have directly benefited more than 15,000 jobs and served more than 12,500 small businesses, including 2,682 startups across Massachusetts.