BOSTON — Today, the Baker-Polito Administration announced that nearly $49 million in grants to small businesses will be awarded through the COVID-19 Small Business Grant Program administered by the Massachusetts Growth Capital Corporation. Funding is intended for applicants suffering revenue losses and financial challenges ⦠15,012 registered businesses in Massachusetts have 10-19 employees. This page, Baker-Polito Administration Announces Support For 1,158 Small Businesses Impacted by COVID-19 Recession, is, for Baker-Polito Administration Announces Support For 1,158 Small Businesses Impacted by COVID-19 Recession, Call Sarah Finlaw, Press Secretary, Governor's Office at, Email Sarah Finlaw, Press Secretary, Governor's Office at, Today, the Baker-Polito Administration announced that nearly $49 million in grants to small businesses will be awarded through the COVID-19 Small Business Grant Program administered by the Massachusetts Growth Capital Corporation. 100 percent of all grantees are minority-, veteran-, LGBTQ-, or individuals with disabilities-owned businesses; 100 percent of qualified applications submitted by minority-women, minority-male, veteran-, LGBTQ-, and individuals with disabilities-owned businesses that have not received prior aid will be receiving funding; 95 percent of award recipients are minority-owned businesses; and. Let us help you! BOSTON â Today, the Baker-Polito Administration announced that nearly $49 million in grants to small businesses will be awarded through the COVID-19 Small Business Grant Program administered by the Massachusetts ⦠The FY21 budget also includes $17.5 million for community development financial institutions (CDFI) grants and loans, $5 million for small business technical assistance, and $3.9 million for technical assistance and grants, including for small business online and digital tools. Visit the Governor’s Press Office to learn about recent news from the administration, follow our happenings on social media, and for media contact information. Grant amounts will be considered for actual ⦠Massachusetts Growth Capital Corporation (MGCC) is administering the Small Business Grants program, with $50.8 million available beginning today. Businesses with 50 or fewer ⦠Youâll need to capture your business⦠This form only gathers feedback about the website. This bill proposes $49.4 million to fully fund the economic recovery and small business relief plan included in the Administration’s revised FY21 budget proposal and support the unique needs of small and minority- and women-owned businesses across the Commonwealth. Mass.gov® is a registered service mark of the Commonwealth of Massachusetts. Businesses with 6 to 50 employees will be eligible for grants of up to $75,000 each, while smaller employers can get up to $25,000. Small means that the business has fewer than 50 new workers and less than $1 million in gross revenue. 9,845 registered businesses in Massachusetts are in the Administrative, Support, Waste Management, and Remediation Services sector. 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