Today, Massachusetts Growth Capital Corporation (MGCC) announced $750,000 in small business grants to support 30 non-profit organizations across the state.
Attending the announcement at the Southeast Asian Coalition of Central MA offices in Worcester were MGCC President Larry Andrews, Assistant Secretary of Business Development & International Trade Nam Pham, State Senator Michael O. Moore of the Second Worcester District and Southeast Asian Coalition Executive Director Anh Vu Sawyer, along with small business owners, non-profit organizations and business development leaders.
MGCC President Larry Andrews said, “These local investments have a real impact on job creation and economic activity across the Commonwealth. This year’s grants will provide funding for non-profits to support and strengthen inclusive small businesses by increasing business management skills.”
MGCC conducts a competitive process each year to award grants through the Small Business Technical Assistance Grant Program to expand economic and entrepreneurial opportunity throughout the Commonwealth.
The grants range from $10,000 – $50,000 and will enable local organizations to provide individualized business management assistance, financial training, microloans and loan packaging services to small businesses, with a focus on underserved communities and Gateway Cities in Massachusetts.
Assistant Secretary of Business Development & International Trade Nam Pham noted the need to spur economic activity among underserved populations and across all parts of the Commonwealth.
“Small businesses drive our state’s job growth,” Pham said. “We need to make more progress in Gateway Cities and among our state’s diverse communities. These assistance grants support business development and job creation, helping to bring economic opportunity to every region of the state.”
State Senator Michael Moore said, “86% of the economy is driven by small businesses. If we are going to continue driving the economy, it’s going to be done through the great work of the recipients here today.”
Learn more about Massachusetts Growth Capital Corporation.