Recovery Grants Now Available To Inclusive, Diverse Small Businesses

BROOKLINE, MA – Small businesses that are diverse and inclusive, and were negatively impacted by the Covid-19 pandemic can now apply for inclusive recovery grants.

The Massachusetts Growth Capital Corporation (MGCC) has made $75,000,000 available to businesses that focus on reaching socially and economically disadvantaged and historically underrepresented groups and markets, as well as businesses that are owned by people of color, women, veterans, immigrants, first-generation immigrants, disabled individuals, or those part of the LGBTQ+ community.

The grant funding is part of MGCC’s Inclusive Recovery Grant Program, a federally funded project supported by the U.S. Department of the Treasury. The funds were set aside through the Commonwealth’s FY2023 Economic Development Bill.

Small businesses will have until April 28 at 11:59 p.m. to submit applications for grant funding.

A business and/or business owner is eligible to receive only one grant in total. MGCC will administer grants up to $75,000 for eligible small businesses, in a geographically equitable manner.

• Woman-owned
• Veteran-owned
• Immigrant-owned
• First-Generation Immigrant-owned
• Disability-owned
• LGBTQ+-owned
• Focus on reaching markets predominantly made up of socially and economically disadvantaged and historically underrepresented groups or underserved markets

To download and review full details on the program's rules and eligibility requirements, click here.