The following is a press release from the Governor’s office submitted to SOURCE media. The digital news media outlet publishes the press releases from the Governor’s office as a service to our readers.
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BOSTON – The Baker-Polito Administration and Massachusetts Growth Capital Corporation today, january 28, announced nearly $5 million in small business technical assistance grants to 63 non-profit organizations across the state.
The state-funded Small Business Technical Assistance Grant Program, administered by MGCC, aims to expand economic and entrepreneurial opportunities in underserved communities throughout the Commonwealth.
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These technical assistance grants enable nonprofit organizations throughout Massachusetts to provide crucial services such as help with applying for pandemic-related grant and loan programs, like the Paycheck Protection Program (PPP), as well as individualized business management assistance, financial training, access to non-COVID capital and loan packaging services to under-resourced small businesses in urban and rural communities. The 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 Year 2015, the program has awarded more than $15 million in grants.
These funds have directly benefited more than 15,000 jobs and served over 12,500 small businesses, including 2,682 startups across Massachusetts.
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MetroWest Medical Center