MARLBOROUGH – The Baker-Polito Administration announced today, December 21, nearly $49 million in grants to small businesses will be awarded through the COVID-19 Small Business Grant Program administered by the Massachusetts Growth Capital Corporation.
Among the more than 1,150+ businesses that received a grant were a handful of Marlborough businesses.
In October, the $50.8 million grant program was announced as a key component of Partnerships for Recovery, the Administration’s comprehensive plan to get people back to work, support small businesses, foster innovation, revitalize downtowns, and ensure housing stability.
Of the businesses being notified of their successful applications, each meets the preferred criteria of being owned by women, minorities, veterans, individuals with disabilities, or that identify as LGBTQ. Additionally, every completed application received from a qualified minority-owned business that has not been able to receive prior aid from federal, state or local programs established to support businesses during the pandemic will be receiving relief.
“As the pandemic continues to create challenges across the Commonwealth, our administration is pleased to partner with Mass Growth Capital Corporation to award almost $50 million to small business owners disproportionately impacted by COVID-19,”said Governor Charlie Baker. “We are thankful to our state, local and federal partners for their collaboration to equitably distribute these funds, and remain committed to working together to deliver additional relief to the families and businesses of Massachusetts.”
Marlborough businesses receiving grants were:
Kiddie Time Educational Child care for $75,000, as a woman-owned nd minority-owned business.
Fox Ballroom Dance Studio for $75,000, as a minority-owned business.
Maple Street Auto Center for $25,000, as a minority-owned business
Lucas Lima Hair Style Inc, $10,000 as an other minority-owned business.
Celedon Law, for $10,000, as woman-owned and minority-owned business.
The grant program’s priorities, set forth in legislation, resulted in 1,158 small businesses being designated for an award. Among the successful applicants:
- 100 percent of all grantees are minority-, veteran-, LGBTQ-, or individuals with disabilities-owned businesses;
- 100 percent of qualified applications submitted by minority-women, minority-male, veteran-, LGBTQ-, and individuals with disabilities-owned businesses that have not received prior aid will be receiving funding;
- 95 percent of award recipients are minority-owned businesses; and
- 76 percent of award recipients are women-owned businesses.
“With the thoughtful combination of the program’s priorities and help from partner organizations who assisted with targeted outreach, we are able to provide direct financial support to the applicants that have the greatest need and also serve communities that are the most vulnerable to the virus,”said Housing and Economic Development Secretary Mike Kennealy.“As additional resources become available, we will continue to prioritize the businesses and communities that have suffered the most.”