Gov. Charlie Baker has announced the launch of two new grant programs to support Massachusetts small businesses impacted by the COVID-19 pandemic.
The New Applicant Grant Program will support small businesses negatively impacted by COVID-19. Funds can be used to cover operating expenses, utilities, and costs associated with reopening and implementing safe operating procedures, such as outdoor dining.
Grants will be capped at the lesser of $75,000 or three months of annualized operating expenses. To be eligible, businesses must be Massachusetts-based, for-profit entities with between two and 50 full-time equivalent employees, be negatively impacted by COVID-19, and have revenues between $40,000 and $2.5 million. In addition, you must not have previously received financial relief from other COVID-19 Relief Grant Programs offered by the Commonwealth.
The Inclusive Grant Program will support small, minority businesses negatively impacted by COVID-19. Grants may be used for the same reasons as the New Applicant Grant Program and have the same eligibility requirements. However, you must be either: minority-owned, woman-owned, veteran-owned, disability-owned, LGBTQ+-owned, or “focused on reaching markets predominantly made up of socially and economically disadvantaged and historically underrepresented groups.” For these grants, priority will be given to eligible smaller businesses located in a Gateway City that have not received prior funding.
If your business has any questions about this topic, or any other general employment issues, please do not hesitate to contact the attorneys at The Royal Law Firm at 413-586-2288.
Springfield, MA Office
33 Elliot Street
Springfield, Massachusetts 01105
Phone: (413) 586-2288
Fax: (413) 586-2281
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750 Main Street, Suite 100
Hartford, Connecticut 06103
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100 Dorrance Street, Suite 700
Providence, Rhode Island 02903
Phone: (401) 283-8971
Bennington, VT Office
204 South Street
Bennington, VT 05201
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