Massachusetts Growth Capital Corporation is pleased to announce the request for proposals for participation in the Fiscal Year 2021 (July 2020 – June 2021) program.
About the Program
The Small Business Technical Assistance Grant Program expands economic and entrepreneurial opportunity throughout the Commonwealth. The program is designed to complement and enhance traditional public and private small business assistance networks by providing technical assistance and training programs for underserved and/or disadvantaged businesses with 20 employees or less. It seeks to facilitate small business economic viability and improve their ability to secure capital.
This state-funded program is managed by MGCC. The grants are awarded to community development corporations (CDC’s), community development financial institutions (CDFI’s), chambers of commerce and other nonprofit organizations that currently provide technical assistance and training programs to small businesses and start-ups with an emphasis on underserved businesses and entrepreneurs. Eligible organizations use the funds to provide crucial services, such as technical assistance, training in business skills, and access to financing, to their local businesses. These grants are intended to supplement the organization’s current and anticipated funding and not to be the primary funding support. In addition, mini-grants are offered through the grantees to small business owners with needs for professional, technical, and operational services.
FY2021 Program Information
· Funds available for this grant program in FY 2021 will be $4 million. (subject to appropriation)
· Maximum grant amount to programs proposed by a single organization not to exceed $85,000.
· Maximum grant amount to programs proposed as a collaborative joint proposal (defined as two or more eligible organizations sharing costs and providing complementary services in coordination with each other) not to exceed $175,000.
· Collaborative joint proposals must demonstrate that the organizations propose a cohesive work plan and will work together to implement and achieve their proposed objectives.
· Collaborative joint proposals must have one lead organization and one person responsible for the application and administration of grant monies, as well as all reporting and communication with MGCC.
· MGCC will endeavor to assure broad geographic diversity among grantees but will not limit the number of grants awarded per region.
· Proposals will be due no later than 5:00 PM on Tuesday, June 16, 2020
· Grants will be awarded on or before Monday, August 31, 2020 (subject to change)
· Informational sessions are being offered for prospective applicants. If you would like to attend one of these sessions, please RSVP to Alison Moronta at email@example.com
Tuesday, May 12, 2020
1:00 – 3:00 PM
Video Conference Link: https://zoom.us/j/516397469
Wednesday, May 13, 2020
10:00 AM – 12:00 PM
Video Conference Link: https://zoom.us/j/818188305
Thursday, May 14, 2020
1:00 – 3:00 PM
Video Conference Link: https://zoom.us/j/610748068
Click here to learn more and access the RFP: