Grants for Small Businesses

Business Grant Applications Due January 15, 2021

he 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.

Who Should Apply:

Preference will be given to the following sectors:

  • Restaurants, bars, caterers, and food trucks that collect and remit meals tax
  • Indoor Recreation or Entertainment Establishments
    • Indoor entertainment establishments (e.g. movie theaters, comedy clubs, performing arts venues/organizations)
    • Indoor recreation (e.g. arcades, bowling centers, pool/billiard halls, escape-the-rooms, trampoline parks, roller-skating rinks)
    • Indoor spectator sports venues
    • Other indoor recreation or entertainment venues
  • Gyms or Fitness Centers
    • Gyms, athletic clubs, exercise centers, health clubs
    • Sports facilities (e.g. tennis clubs, racquetball clubs, hockey rinks, swimming facilities)
    • Fitness instruction centers (e.g. aerobics, dance, yoga, karate, etc.)
    • Other gyms or fitness centers
  • Personal Services
    • Nail salons, barber shops, etc.
    • Independent pharmacies 
  • Event Support Companies - primary source (more than 50%) of revenue is event-related
    • Photography studios, videography studios, florists, limo services, event planning companies, event rentals, performers, convention and trade show organizations
  • Independent Retailers
    • Businesses with brick and mortar locations that collect and remit sales tax

Timeline:

12/31/2020 at 12:00 PM – Application opens.

01/15/2021 at 11:59 PM – Application closes.

To apply or find out more click here.