The Baker-Polito Administration announced approximately $2.3 million in awards for 51 additional businesses in the latest round of COVID-19 relief grants administered by the Massachusetts Growth Capital Corporation (MGCC). As in prior rounds, each grant recipient meets sector or demographic priorities set for the grant programs administered by MGCC.
With the addition of this round of grants, the Administration has awarded more than $650 million in direct financial support to 14,402 businesses across the Commonwealth. Grants for this round were awarded to 13 minority-owned, and 21 woman-owned, businesses; 17 recipients are located in Gateway Cities, and 21 businesses have not received any prior aid.
MGCC also recently announced the availability of funding to support non-profits that offer technical assistance designed to help existing small businesses recover and thrive post COVID-19, as well as community development financial institutions that will back the recovery, resiliency and growth of small businesses in underserved communities through matching capital.