New Round Of Grants Available For North Andover Small Businesses

Information via Town of North Andover Facebook page

NORTH ANDOVER, MA — MassDevelopment has opened a new round of the Biz-M-Power grant program for small businesses. This funding opportunity is available for businesses with fewer than 20 employees and no more than $2.5 million in revenues. Biz-M-Power makes available matching grants to growth-oriented qualifying businesses. The program aims to help small and microbusinesses offset the costs of acquisitions, expansions, improvement or lease of a facility, purchase or lease of equipment, and other capital needs. Businesses interested in applying will have to show the required 20% of the owner’s funds available at the application point to be considered.

Applications are due by June 15, 2025.

See the links below for more information:

Program Guidelines: https://www.massdevelopment.com/.../Biz-M-Power_Program...
Application: https://massgcc8.submittable.com/submit
FAQs: https://www.massdevelopment.com/.../FY25_Biz-M-Power_FAQ.pdf