Small Business Grants in Massachusetts (MA)

Securing a small business grant in Massachusetts involves identifying the right opportunities, understanding the eligibility criteria, and preparing a compelling application. Here are some of the most relevant opportunities for small businesses in Massachusetts:

Massachusetts Growth Capital Corporation (MGCC)
MGCC offers several programs to support small businesses. The Small Business Technical Assistance Grant Program builds education and access to capital for small businesses, including those owned by women, minorities, and veterans. MGCC also provides loans to small businesses, with the possibility of creative or flexible terms to suit the needs of the borrower. MGCC also administers a Small Business Grants program, with grant awards ranging between $25,000 and $75,000. Preference is given to small businesses owned by women, minorities, veterans, members of other underrepresented groups, or those serving the Gateway Cities of Massachusetts.

Baker Administration’s Business Relief Package
Administered by MGCC, this package consists of two programs
a recapitalization of the first small business relief program and additional funding for businesses that fall into specific industries. The program is intended to assist the hardest-hit small businesses.

State Trade Expansion Program (STEP)
This program, run in collaboration with the Massachusetts Small Business Development Center Network and the Massachusetts Office of International Trade and Investment, provides grants ranging from $6,000 to $15,000 to eligible businesses to increase export sales of their goods and services.

Biz-M-Power Crowdfunding Grant Program
This program provides matching grants to Massachusetts-based small businesses that raise $1,500 to $60,000 through crowdfunding.

Collaborative Workspace Program
This program from MassDevelopment awards matching grants for the planning, development, and build-out of different types of collaborative workspaces. Up to $100,000 is available for fit-out grants or up to $15,000 is available for seed grants.

Mass Growth Community Capital Hotel + Motel Relief Grant Program
This program awards grants up to $2,000,000 per property for eligible hotels and motels.

Amber Grants for Women
This program awards three $10,000 grants to women-owned businesses every month. The monthly winners compete for one of the three year-end Amber Grants of $25,000.

Small Business Technical Assistance Grant Program
This program from MGCC is designed to facilitate economic stability and viability for small businesses by helping to improve their capacity, including the ability to secure private and public financing, business grants, and micro-loans.

Each grant program has its own eligibility criteria and application process. It’s important to thoroughly research each opportunity, understand the requirements, and tailor your application to highlight how your business aligns with the grant’s objectives. It’s also beneficial to reach out to the grant administrators for any clarifications or guidance during the application process. Join POTD today to learn more about Small Business Grants in Oregon (OR) and Small Business Grants in Indiana.