Hello Somerset Small Business Owner and Home Occupational Businesses,
We are sending out notice regarding Governor Baker’s unveiling $668 million relief plan to help small businesses in Massachusetts. Small businesses that have been the hardest hit would get priority for the money including restaurants, bars, gyms, and event venues. About half of the funds are expected to go to those shut out of a previous round of state aid released this fall. Those latter businesses do not have to reapply again to be considered, with expected awards to begin sometime next week. Under the program, businesses would receive up to $75,000, or three months of operating expenses, to help cover payroll, mortgages, debt, and other bills to help them through the difficult months ahead. The funds would come in the form of grants, which would not need to be repaid. The money would be distributed by a quasi-state agency, the Massachusetts Growth Capital Corporation, which will begin accepting new applications on December 31, for two week.
The application info is now up on the Mass Growth Capital Corp website, under the webpage title, "Sector specific relief grant program": https://www.empoweringsmallbusiness.org/covid-19-response/sector-specific-relief-grant-program-massachusetts-businesses