The Commonwealth of Massachusetts has made $50.8 million in grants available to support small businesses, microenterprises, and their employees, families and communities. Massachusetts Growth Capital Corporation (MGCC) will be administering these funds to businesses experiencing economic hardship and a loss of income due to the COVID-19 pandemic. The application period for these grants opens today – October 22nd – at noon.
Timeline: Application will be open for 3 weeks
10/22/2020 at 12:00 PM – Application opens.
11/12/2020 at 12:00 PM – Application closes.
There are two separate programs:
- Small businesses with 5 or fewer employees can apply for up to $25,000 in funding; or
- Small businesses with 50 or fewer employees can apply for up to $75,000 but capped at up to 3 months of operating expenses, as evidenced by 2019 Federal Tax Returns
For more information or to apply: https://www.empoweringsmallbusiness.org/covid-19-response/covid-19-grants-massachusetts-small-businesses