From Courtney Thraen Subject From Rory O'Hanlon on State's Small Business Grants To undisclosed-recipients:; Date December 29, 2020 at 12:43:31 PM GMT From: OHanlon, Rory C (SEA) Subject: [External]: Update on MGCC Business Relief Package Honorable Members of the General Court: Last week, the Governor announced a $668 million business relief package to be administered by Massachusetts Growth Capital Corporation

. * Massachusetts Growth Capital Corporation - CDFIs: Authorizes $35,000,000 for the Massachusetts Growth Capital Corporation to provide matching grants to community development financial institutions certified by the U.S.

. * Massachusetts Growth Capital Corporation - CDFIs: Authorizes $35,000,000 for the Massachusetts Growth Capital Corporation to provide matching grants to community development financial institutions certified by the U.S.

Baker-Polito Administration Awards Additional Grants to Businesses Most Impacted by the Pandemic (December 31) The Administration announced $67.4 million in awards to 1,366 additional small businesses in a second round of grants through the COVID-19 Small Business Grant Program administered by the Massachusetts Growth Capital Corporation (MGCC).

. * Massachusetts Growth Capital Corporation - CDFIs: Authorizes $35,000,000 for the Massachusetts Growth Capital Corporation to provide matching grants to community development financial institutions certified by the U.S.

. * Massachusetts Growth Capital Corporation - CDFIs: Authorizes $35,000,000 for the Massachusetts Growth Capital Corporation to provide matching grants to community development financial institutions certified by the U.S.

Baker-Polito Administration Awards Additional Grants to Businesses Most Impacted by the Pandemic (December 31) The Administration announced $67.4 million in awards to 1,366 additional small businesses in a second round of grants through the COVID-19 Small Business Grant Program administered by the Massachusetts Growth Capital Corporation (MGCC).

Massachusetts Growth Capital Corporation will administer the funds to businesses experiencing economic hardship and a loss of income due to the COVID-19 pandemic. Preference will be given to small businesses whose owners are women, minorities, veterans, members of other underrepresented groups, who are focused on serving the Gateway Cities of Massachusetts, and those most negatively impacted by the COVID-19 pandemic.

Massachusetts Growth Capital Corporation will administer the funds to businesses experiencing economic hardship and a loss of income due to the COVID-19 pandemic. Preference will be given to small businesses whose owners are women, minorities, veterans, members of other underrepresented groups, who are focused on serving the Gateway Cities of Massachusetts, and those most negatively impacted by the COVID-19 pandemic.

Massachusetts Growth Capital Corporation will administer the funds to businesses experiencing economic hardship and a loss of income due to the COVID-19 pandemic. Preference will be given to small businesses whose owners are women, minorities, veterans, members of other underrepresented groups, who are focused on serving the Gateway Cities of Massachusetts, and those most negatively impacted by the COVID-19 pandemic.

. $174 Million in Grants to 4,043 Additional Small Businesses for COVID Relief, Increases Capacity Limits for Businesses and Other Activities Today, approximately $173.9 million in awards to 4,043 additional small businesses in the sixth round of COVID relief grants administered by the Massachusetts Growth Capital Corporation (MGCC).

For the Massachusetts Growth Capital Corporation established in section 2 of chapter 40W of the General Laws for a program to provide matching grants to community development financial institutions certified by the United States Treasury or community development corporations certified under chapter 40H of the General Laws to enable the community development financial institution or community development corporation to leverage federal or private investments

Governor Karyn Polito, and Secretary of Housing and Economic Development Mike Kennealy joined small business owner Raquel Mullaney and state and local officials representing Plymouth to announce an additional $45.3 million in grants to 1,100 small businesses in the fifth round of awards through the COVID19 Small Business Grant Program administered by the Massachusetts Growth Capital Corporation (MGCC).

(GNEMSDC) * Larry Andrews, President, Massachusetts Growth Capital Corporation * Resource Providers: MA Small Business Development Center Network, SCORE Mentors and Center for Women & Enterprise Disclaimer: The SBA does not endorse the organizations sponsoring linked websites, and does not endorse the views they express or the products/services they offer. All programs and services are extended to the public on a nondiscriminatory basis.

He cited the Massachusetts Growth Capital Corporations Small Business Recovery Loan Fund a program designed to distribute $10 million worth of loans to small business who applied. It launched March 16, and applications closed just three days later. They received 4,000 applications that displayed a need for $135 million, and the state just was not prepared to offer that kind of money, Idowu said.

. * Schedule a session with SCORE * Request a counseling session with MSBDC Additionally, Massachusetts Growth Capital Corporation has put together Technical Assistance and Multilingual Translation services for the Paycheck Protection Program.

In addition to the planning program, recovery efforts include a Small Business Relief Program administered by the Massachusetts Growth Capital Corporation. This program, which concluded in May 2021, provided more than $687.2 million to over 15,000 businesses across the Commonwealth, with a focus on businesses located in Gateway Cities, among demographic priorities, or operating in sectors most impacted by the pandemic.

Reopening The Administration also announced more than $49 million in awards to 1,108 additional small businesses in the eighth round of COVID-19 relief grants administered by the Massachusetts Growth Capital Corporation (MGCC). These new awards are the result of work by MGCC to engage with applicants that meet sector and demographic priorities but are missing certain documents that are necessary to be considered for an award. MASSACHUSETTS.