The Smaller Business Association of New England (SBANE) recently awarded a total of $225,000 in matching grant funds to 31 manufacturing companies across the Commonwealth.
Currently in its eight year, and fifth consecutive funding year, SBANE’s Manufacturing Matching Grant Program is an opportunity for small and medium-sized Massachusetts-based manufacturers to hire private consulting expertise to assist with finance, marketing, accounting, government procurement and other business tasks. This competitive, one-time matching grant program is funded through an appropriation in the state budget and is overseen by the Massachusetts Office of Business Development.
Over the last eight years, SBANE has allocated $1,637,500 in public funds to approximately 189 manufacturing companies that support 9,420 jobs in Massachusetts. Here are some success stories from the program.
“The impact on manufacturers who have utilized the program has been extremely beneficial,” said SBANE President Robert Baker. “These matching funds have helped companies make completely necessary improvements to their business operations.”
“Manufacturing is an important sector in the Massachusetts economy,” said Nam Pham, Assistant Secretary of Business Development & International Trade. “As small and medium sized manufacturing companies in the Commonwealth seek to grow or restructure, these grants give them the necessary resources to succeed.”
For more information on this program, or other ways SBANE helps small businesses, please visit our website at SBANE.org