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.
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.
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.