Eligible applicants are Community Development Financial Institutions certified by the United States Treasury, and Community Development Corporations certified under Chapter 40H of the Massachusetts General Laws.
Provide direct services to small business clients of whom a minimum of 60% reflect the following underserved target populations: Women-Owned Enterprises, Minority-Owned Enterprises, LGBTQ+- Owned Enterprises, Veteran-Owned Enterprises, Disabled Individual-Owned Enterprises, Immigrant or CDFI & CDC Matching Grant Program Page 4 of 12 Non-Native English-speaking Populations, Low-to-Moderate Income Entrepreneurs, Businesses located in economic disadvantaged urban or rural communities, Businesses located in Gateway Cities. A completed application, and any supplemental information, including the applicant’s most recent annual report and audited financial statement will be required to be uploaded and submitted.
Applications will be accepted beginning March 22, 2021 at 12pm EST.
The deadline for applications will be April 16, 2021 at 11:59pm EST.
Applications will be reviewed for responsiveness, track record and historical impact, projected grant impact, and consistency with Administration funding priorities. As needed, MGCC will gather a team of independent reviewers to review pending applications and develop recommendations for funding. Final decisions will be rendered by MGCC. Overall program funding decisions are at the discretion of the Secretary of Executive Office of Housing and Economic Development and are not subject to challenge or appeal.
Applicants that are approved for funding will be notified in writing of the approval, with instructions for demonstrating readiness and any other required submissions, as determined by MGCC. All awards are contingent upon the execution of a binding funding agreement between MGCC and the applicant. Awards may be subject to conditions as set out in the award notification letter. Grant contracts will only be issued for projects that successfully meet all requirements set out as a condition of the award. Any project that receives an award but does not meet the requirements by a specified date will lose its funding commitment for that year and may be penalized during future funding rounds.
Learn more about this grant opportunity and apply through MGCC's online application portal, powered by Submittable: