Massachusetts Growth Capital Corporation (MGCC) Sector- Specific Relief Grant Program
PALMER, Massachusetts – The Quaboag Hills Chamber of Commerce is urging regional businesses hurt by the COVID‐19 Pandemic to apply for the Massachusetts Growth Capital Corporation (MGCC) Sector‐Specific Relief Grant Program. The application deadline closes on January 15 at 11:59 P.M. The state has provided $668 Million in funding for business support programs. The funds come from the Massachusetts FY21 Budget, and the CARES Act of 2020.
The maximum grant amount is $75,000 per business, but will be capped at 3 months of operating expenses. Businesses will need to provide proof of expenses, and documentation should include 2019 Federal Tax Returns. This grant program will cover expenses starting from March 10, 2020. Approved uses include payroll and benefit costs, mortgage interest, rent, utilities and other debt.
MGCC is targeting the funding to sectors with the most substantial hardship and revenue loss due to the COVID‐19 pandemic. The sectors highlighted by the state include independent retailers, restaurants, recreation, entertainment, event support, fitness centers, and personal services.
Applications need to include attachments with the required documentation, and can only be submitted through the MGCC’s website at empoweringsmallbusiness.org. Applications must be complete, accurate and legible, or they will not be considered for approval.
The Massachusetts Growth Capital Corporation will award and distribute these grants based upon eligibility of criteria and preference prioritization. More information on the program is available on the MGCC website.
The Quaboag Hills Chamber of Commerce serves 15 communities, which include Belchertown, Brimfield, Brookfield, East Brookfield, Hardwick, Holland, Monson, New Braintree, North Brookfield, Palmer, Spencer, Wales, Ware, Warren & West Warren, and West Brookfield.
Our Mission is to be an advocate for economic growth in the region through development, promotion, and advancement of businesses. We are a leading advocate for business and community development in the Quaboag Hills Region, and provide our member with a voice on political, social, and economic issues.
The Quaboag Hills Chamber of Commerce is completely supported by our member businesses.