June 16, 2024

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Business is my step

Gov. Baker Announces Grants For 1,158 Tiny Organizations Impacted By COVID-19

2 min read

BOSTON (CBS) — Gov. Charlie Baker introduced Monday 1,158 tiny corporations will be getting grants from the condition. The grants whole $50.8 million coming from the Massachusetts Expansion Funds Company (MGCC).

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“These grants prioritize firms owned by underrepresented business owners and all those that did not or were not able to obtain the federal paycheck safety application or other federal or condition assist,” reported Baker. “One-hundred per cent of the recipients are minority-owned, women of all ages-owned, veteran-owned, LGBTQ-owned, or owned by men and women with disabilities.”

According to Baker, a lot more than 10,000 little corporations utilized. “The cash for the initial round plainly didn’t go over the floor connected with all those who utilized,” he reported.

This year’s spending plan allotted an added 17.5 million to the MGCC for modest small business aid. The spending plan also has $9 million for small enterprise complex assistance and grants.

The MGCC will go back again to the first applicant pool to decide on firms for the 2nd spherical of grants quickly, Baker reported.

“Obviously the listing of corporations that need our help keeps increasing,” reported the governor. “That’s why previous 7 days we filed a supplemental spending budget that includes a further $50 million in more funding for small enterprises, like 17.5 million for this specific grant method.”

On Sunday, there were being 4,162 new coronavirus conditions and 60 much more deaths claimed in Massachusetts. The 7-working day weighted normal of optimistic checks in Massachusetts is 5.78%.

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