FY24 Small Business Technical Assistance Grant Program Overview
***PLEASE NOTE THIS PROGRAM IS ONLY OPEN TO NOT-FOR-PROFIT ORGANIZATIONS***
Massachusetts Growth Capital Corporation (MGCC) is pleased to announce that it is accepting grant applications for participation in the Fiscal Year 2024 (July 2023-June 2024). MGCC is seeking proposals for technical assistance to assist underserved small businesses in Massachusetts.
The purpose of the Small Business Technical Assistance Grant Program is to ensure that start-ups and existing businesses continue their path towards recovery and growth in order to ensure future 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 or training programs for under-resourced and disadvantaged businesses with 20 or fewer employees. The program seeks to facilitate economic stability and viability for small businesses by helping to improve their ability to navigate business operations, including ability to secure private and public financing, business grants, and micro-loans.
Underserved small businesses include businesses that are minority-owned, women-owned, LGBTQ-owned, Cooperatives, or owned by low-moderate-income owners, US Military Veterans, Cooperatives, non-native English speakers, or disabled individuals.
MGCC will accept applications from not-for-profit organizations that are intentional about building relationships in the communities where their small business services are provided, and whose programming culturally represents their target market.
These grants are intended to supplement the organization’s current and anticipated funding and not to be the primary funding support. If applying organization(s) currently receives, or will receive, funding from the Commonwealth of Massachusetts for its small business assistance program, articulate how those funds are being used and how funding from the Small Business Assistance Grant Program will not be duplicative.
Click here for the Proposed Budget Template, please click "File" and "Save As" from the top left corner to save and use your own copy of this template.
RFP Release Date: Monday, May 1, 2023
Deadline for Proposals: Friday, June 2, 2023 >>> UPDATED DEADLINE (as of 5/30/23): Friday, June 9, 2023
Grants Will Be Awarded: October (subject to change)