Commonwealth Announces New Small Business Grant Program
Yesterday, the Commonwealth announced that small businesses may apply now for $50.8 million in grants administered by the Massachusetts Capital Growth Corporation (MCGC) as part of the Commonwealth's Partnerships for Recovery plan. Applications will be open from October 22 to November 12.
Businesses with 50 or fewer employees can receive up to $75,000 or up to three months of supported expenses for employee payroll and benefits costs, mortgage interest, rent, utilities and interest on other debt obligations.
Businesses with five or fewer employees may access up to $25,000 to cover business costs like rent, staffing, and utilities, or to purchase personal protection equipment.
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