The following is a press release from the Baker-Polito Administration submitted to SOURCE media.
BOSTON – Today, February 25, the Baker-Polito Administration announced an additional 1,108 businesses are receiving COVID-19 relief grants totaling more than $49 million in awards to help with expenses like payroll, benefits, utilities and rent.
To date, the Baker-Polito Administration has awarded more than $563 million in direct financial support to 12,320 businesses impacted by the pandemic through the Small Business and Sector-Specific Grant Programs.
The Administration also announced more than $49 million in awards to 1,108 additional small businesses in the eighth round of COVID-19 relief grants administered by the Massachusetts Growth Capital Corporation (MGCC).
These new awards are the result of work by Massachusetts Growth Capital Corporation to engage with applicants that meet sector and demographic priorities but are missing certain documents that are necessary to be considered for an award.
Each business meets sector and demographic priorities set for the two grant programs.
More than half of grantees are restaurants, bars, caterers, operators of personal services like hair and nail salons, and independent retailers.
Over half of the businesses receiving relief are women-and-minority-owned enterprises.
Today’s awards are the result of a process by Massachusetts Growth Capital Corporation to engage directly with applicants that met sector and demographic priorities but were missing documents necessary to be considered for an award.
Massachusetts Growth Capital Corporation is continuing to work with business owners in targeted sectors and demographic groups to allow for applicants to submit necessary documents.