Massachusetts Small Business Development Center Network

 

MGCC Small Business Assistance Grant Program


MGCC
The Massachusetts Growth Capital Corporation (MGCC) is pleased to announce that it is accepting grant applications for participation in the Fiscal Year 2018 (July 2017 – June 2018) Small Business Assistance Grant Program (subject to funding). 

MGCC is seeking proposals for technical assistance and training grants to assist small businesses located in Gateway cities and other underserved communities in Massachusetts. MGCC will accept applications from not-for-profit organizations that currently provide technical assistance and training programs to small businesses and start-ups with an emphasis on underserved businesses and entrepreneurs. These grants are intended to supplement the organization’s current and anticipated funding and not to be the primary funding support.

Grant proposals shall identify specific counseling and training programs that assist these small businesses to:

  • Create/retain jobs;
  • Secure new or increased financing for growth;
  • Achieve stability and viability;
  • Increase the economic vitality of the neighborhood, community or region.

Grant proposals should define the communities they serve, the strategy and marketing plan to reach these communities, current and planned programs, and performance benchmarks and metrics. As these grant proceeds can only supplement budgets, the requesting organization must have additional funding sources. Organizations are encouraged to list existing partners and other public and/or private funding sources. If the proposed program currently receives public funding, please define how this additional funding will be differentiated from the current public funding and describe the incremental results this grant will produce.

Proposed programs shall include individual and/or group counseling, training programs, loan packaging services, or direct technical assistance associated with lending or loan guarantees that advance:

  • New business startups;
  • Business expansion;
  • Business stabilization;
  • Other measurable economic growth.

For complete details, please click on the Request for Proposal link below.

 

Request for Proposal (pdf)