March 6, 2023 – North Andover News

Biz-M-Power empowers entrepreneurs with 2:1 matching grant

Biz-M-Power, our crowdgranting partnership with Massachusetts Growth Capital Corporation, is expanding in 2023 to offer a 2:1 matching grant to small businesses across Massachusetts.

Biz-M-Power offers small businesses in the state financial assistance with their acquisition, expansion, improvement or lease of a facility, purchase or lease of equipment, or with meeting other capital needs for the business.

Businesses must crowdfund a minimum of $1,500 and a maximum of $20,000 to receive a 2:1 matching grant from MGCC between $3,000 and $40,000. The combination of crowdfunding dollars and 2:1 matching grant from MGCC, businesses can earn $60,000+ through this program.

Learn More

Are you a small business owner? Join us for Biz-M-Power's March Virtual Office Hours on Thursday, March 16th at 12pm EST via Zoom!

Not you? Share with a friend! Forward this email to your favorite small business to let them know about this exciting opportunity.

Questions? Contact Theresa Ng, Community Project Manager at MGCC by email at bizmpower@massgcc.com.

Pictured: Salimata Bangoura, the founder of Yamacu, a West African fusion beverage company known for their locally handcrafted ginger drinks. Salimata crowdfunded over $10,000 on Patronicity and received a matching grant from MGCC to purchase equipment to support Yamacu's growth.

“Biz-M-Power provides an opportunity for business owners to grow their business; combining the support of their community with matching resources from Massachusetts Growth Capital Corporation. This unique program allows businesses that may not have access to family wealth or investors to build net worth and equity. This is accomplished by honing their marketing strategy and connecting with new customers and their community. With the one-on-one support of Patronicity coaches, business owners are empowered to tell the story of their business and share their vision for expansion and growth.”

– Larry Andrews, President & CEO, Massachusetts Growth Capital Corporation