On February 23, 2022, the Baker-Polito Administration announced the launch of a new $75 million grant program to support Massachusetts small businesses impacted by the COVID-19 pandemic.
Two grant programs are available:
Under both categories, grants will range from $10,000 to $75,000, and will be capped at the lesser of $75,000 or three months of operating expenses. Grant funding can be used for employee and benefit costs, mortgage interest, rent, utilities, and interest on debt.
Applicants must demonstrate that business revenues for 2020 were between $40,000 and $2.5 million.
The application deadline is April 4.
Learn more at EmpoweringSmallBusiness.org.