Underrepresented groups to benefit from relief, aid package
The Baker-Polito Administration announced that 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. 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.
“Our administration is proud to announce almost $50 million in grants to support historically under-represented small business owners as they navigate the pandemic,” said Lt. Governor Karyn Polito. We thank Mass Growth Capital Corporation for their partnership to distribute these funds quickly, and look forward to continuing to work with business and community leaders to ensure a strong, equitable recovery from COVID-19.
Continue reading $49M grant program to bolster small businesses impacted by Covid-19