**If you submitted an application during the first round of Small Business Grants, YOU DO NOT NEED TO SUBMIT AN ADDITIONAL APPLICATION. Applications from the first round of grants will be used in this second round.**
The Commonwealth of Massachusetts has made an additional $668 million available to support businesses through new and existing programs. Massachusetts Growth Capital Corporation (MGCC) will target a portion of these funds to sectors experiencing the most significant economic hardship and a loss of revenue due to the COVID-19 pandemic.
These funds were appropriated through the Commonwealth’s Operating Budget for Fiscal Year 2021 (FY21) as well as the CARES Act of 2020.
Who Should Apply:
Preference will be given to the following sectors:
Priority Categories:
Additional Information:
This business relief fund targets the hardest hit small businesses that have an exceptional need of cash relief. Though many businesses have been negatively affected by the pandemic, not all needs are equal. To ensure that these limited funds get to the most severely impacted businesses, you SHOULD NOT APPLY if you:
Additionally, larger companies that are better positioned to endure this economic downturn and COVID-19 related restrictions should not apply.
An excessive number of applications submitted by businesses with lesser need will delay the awarding of grants to businesses facing extraordinary circumstances. An application review for a company without a truly exceptional need delays assistance for a business at risk of permanent closure.
Printed courtesy of www.erc5.com/ – Contact the East of the River-Five Town Chamber of Commerce for more information.
280 North Main Street, East Longmeadow , MA 01028 – (413) 224-2444 – gbarone@erc5.com