Post Content

Sector Specific Relief Grants Available for Small Businesses

If you are a small business owner who has been negatively impacted by the pandemic, more assistance is available through the Commonwealth’s COVID-19 Small Business Grant Program. Funds of close to $700 million dollars will be distributed by Massachusetts Growth Capital Corporation (MGCC) to those businesses in sectors hardest hit by the pandemic restrictions and closures. To be considered for one of these relief grants you must submit an application by 11:59pm on January 15th.

To date, MGCC has awarded $67.4 million to 1,366 small businesses throughout the state. These funds were appropriated through the Commonwealth’s Operating Budget for Fiscal Year 2021 (FY21) as well as through the CARES Act of 2020. Allocated through both new and existing programs, the relief fund aims to prioritize small businesses most in need of immediate relief.

Preference for this round of funding 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

To learn more, or apply for a grant, visit Massachusetts Growth Capital Corporation (MGCC) or visit MGCC’s online application portal.

Written By:

Recent Posts

Massachusetts Lemon Law Rights Adjusted Following State-Wide Vehicle Inspection Station Outage posted on Apr 28

Massachusetts Lemon Law Rights Adjusted Following State-Wide Vehicle Inspection Station Outage

The Massachusetts Registry of Motor Vehicles’ (RMV) vehicle inspection stations are back online after a state-wide outage from March 30, 2021 to April 17, 2021, caused by a malware attack. Affected consumers who were unable to access inspection resources during the outage are now eligible   …Continue Reading Massachusetts Lemon Law Rights Adjusted Following State-Wide Vehicle Inspection Station Outage

Financial Literacy Month 2021 posted on Apr 15

Financial Literacy Month 2021

Balancing a checkbook, making sure your expenses can be covered with your income, and saving for a rainy day emergency are all examples of financial literacy, or the ability to understand and effectively manage your personal finances. April is National Financial Literacy Month, a time   …Continue Reading Financial Literacy Month 2021

Protect Yourself Against Scams this Tax Season posted on Mar 18

Protect Yourself Against Scams this Tax Season

Tax Day is quickly approaching, and this year more Americans are planning on filing their taxes online, according to McAfee’s 2021 Consumer Security Mindset Report. Filing taxes electronically is a more convenient and efficient process but may open you up to scammers hoping to steal   …Continue Reading Protect Yourself Against Scams this Tax Season