December 10, 2022

Small Business

Business Nes

Baker administration awards another $45 million in little-organization grants

2 min read

The Baker-Polito administration awarded a different $45 million in pandemic aid grants to about 1,100 small businesses on Thursday.

Charlie Baker wearing a suit and tie: Gov. Charlie Baker speaks at the 1620 Winery on Jan. 28. There, he said his administration has awarded another $45 million in pandemic relief grants to about 1,100 small businesses.

© Stuart Cahill/Pool
Gov. Charlie Baker speaks at the 1620 Winery on Jan. 28. There, he claimed his administration has awarded a different $45 million in pandemic relief grants to about 1,100 little enterprises.

It’s the fifth round of grants awarded as portion of the state’s Tiny Business Grant Plan, operate by the quasi-general public company Massachusetts Development Money Corp. Dining establishments, bars, and retail shops obtained the bulk of the grants this spherical, which ranged from $5,000 to $75,000 each.

Governor Charlie Baker introduced the news for the duration of a push conference at 1620 Winery in Plymouth, which previously acquired a aid grant. He stated about 300 of the new grant recipients had not acquired other forms of aid all through the pandemic.

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The income for the grants comes from the state’s $668 million business enterprise relief fund, which was founded in December to increase an earlier $50 million exertion from MGCC that was oversubscribed. So far, the Baker-Polito administration has awarded far more than $277 million through this effort and hard work, assisting almost 5,900 tiny firms.

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With far more than $400 million remaining to hand out, the MGCC is nonetheless examining apps for its “sector-specific” relief work, which aims to focus on challenging-hit companies irrespective of their worker headcount. These companies consist of dining places, food items vans, fitness centers, personalized providers these as nail or hair salons, and others. Those people grants are predicted to be awarded up coming thirty day period.

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