In This Section
Fostering Growth Through Technical Assistance
The MGCC Small Business Technical Assistance Grant Program builds operational capacity and skills of organizations that are providing technical assistance, education, and access to capital to small businesses, including many owned by women, minorities and veterans. The grant program strengthens ongoing business-development activities in low-and moderate-income and underserved communities, and in Gateway Cities across the state.
This state-funded Small Business Technical Assistance Grant Program leverages community and economic development non-profits to help small businesses create and preserve jobs. The grants are awarded to community development corporations, chambers of commerce, and similar non-profits. They use the funds to provide crucial services, such as technical assistance, training in business skills, and access to financing, to their local businesses. In addition, we offer mini-grants, through our grantees, to small business owners with needs for professional, technical, and operational services.
In FY2015 grants totaling $1,817,060 were distributed by the Massachusetts Growth Capital Corporation. Technical assistance grants totaling $1,661,795 went to 25 organizations in amounts from $10,000 to $125,000. In addition, new Mini-Grants for Professional Services totaling $155,265 went to 67 small businesses to address unmet needs hindering growth. The FY15 grant funding directly impacted 2,174 jobs, at an average cost of only $836 per position created or saved.