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MGCC Announces COVID-19 Grants for Massachusetts Small Businesses

By on October 23, 2020 in Recent News

The Commonwealth of Massachusetts has made $50.8 million in grants available to support small businesses, micro-enterprises, and their employees, families and communities. Massachusetts Growth Capital Corporation (MGCC) will be administering these funds to businesses experiencing economic hardship and a loss of income due to the COVID-19 pandemic.

These funds were appropriated through the Commonwealth’s Supplemental Budget for Fiscal Year 2021 (FY21) as well as the CARES Act of 2020 and are divided into two programs.

Grant funding is intended to help businesses adversely impacted by the pandemic. Preference will be given to small businesses whose owners are women, minorities, veterans, members of other underrepresented groups, who are focused on serving the Gateway Cities of Massachusetts (which includes the Town of Barnstable), and those most negatively impacted by the COVID-19 pandemic. Preference will also be given to applicants that have not been able to receive aid from other federal programs related to COVID-19.

Applications will be accepted through 11/12/2020 at 12:00 PM. Click here for eligibility details and to apply now!

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