Additional State Assistance for Businesses
New Grant Funds Available for Businesses From the State
Massachusetts Growth Capital Corporation (MGCC) is administering the Small Business Grants program, with $50.8 million available beginning today. Grant awards range between $25,000 – $75,000, and eligibility criteria and applications are available here.
As part of this grant program, preference is given to small businesses whose owners are women, minorities, veterans, members of other underrepresented groups, or focused on serving the Gateway Cities of Massachusetts, who have been unable to open and those most adversely impacted by the COVID-19 pandemic. Preference is also given to applicants that have not been able to receive aid from other federal programs, including PPP and other relief related to COVID-19.
The program has two distinct funding “doors” based on business size, with different eligibility criteria, which is available online. Applicants must review the information to determine which program to proceed with applying.
Monthly Town Hall Thursday, November 5
Join us Thursday, November 5 at 3pm to hear updates and ask questions of City staff. This month, we will be joined by "Rat Czar" Georgi, who will be sharing information about the City's efforts against rats, providing advice about best practices to control rat activity, and answering your questions.
Seeking Business Representative for Jobs Creation and Retention Trust Board of Trustees
The City of Somerville is seeking to fill a vacancy for the designated local business representative seat on the Jobs Creation and Retention Trust (JCRT) Board of Trustees. Responsibilities will include managing the JCRT fund, working with the Mayor’s Office of Strategic Planning and Community Development (OSPCD) staff to implement strategies outlined in the workforce development strategic plan, identifying target industry sectors and resident demographics for job training programs, soliciting project proposals, and more. Anyone from the local business community who would like to volunteer to serve on the Board is invited to send a statement of interest to Economic Development Specialist Ben Sommer at email@example.com by noon on Friday, October 30.
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