“FOR IMMEDIATE RELEASE”
Contact: Ted Fields, Senior Planner
Phone Number: 508.647.6428
The Town of Natick receives state microenterprise grant supporting local businesses.
Natick, MA (9/4/2020)- Natick has received over $300,000 to support local small businesses affected by the COVID-19 pandemic, as is part of a $19.6 million award of federal Community Development Block Grant (CDBG) funds to Massachusetts through the 2020 CARES Act. Two state agencies, the Massachusetts Department of Housing & Community Development (DHCD) and MassDevelopment are assisting a consortium of 23 cities and towns across metropolitan Boston, including Natick, to administer these grants.
Applications are now being accepted for the Natick Microenterprise Grant Program, which provides grant to address emergency needs of small businesses arising from the Coronavirus. Individual grants of up to $10,000 are available for microenterprises owned by Low or Moderate-income people. A microenterprise is as a for-profit commercial business that has 5 or fewer employees, including the owner(s), who must earn income equal to or less than 80% of the Area Median Income (AMI) based on family size.
Massachusetts Growth Capital Corporation (“MGCC”) will manage grant applications, disburse grant monies and administer the grant program. Applications are available here (https://massgcc.submittable.com/submit) and are due by September 25th. Businesses interested in applying must fill out and submit the online application on the MGCC’s website, No other types of applications (mailed or emailed) will be accepted.
Communities in the metro Boston CDBG-CV coalition include: Ashland, Beverly, Burlington, Canton, Concord, Dedham, Essex, Lexington, Manchester by the Sea, Marlborough, Melrose, Milton, Natick, North Reading, Norwood, Randolph, Reading, Sharon, Southborough, Stoneham, Watertown, Winchester or Woburn.
For questions, please contact: Ted Fields, Senior Planner, Natick Community and Economic Development Department, t: 617-647-6428, e: email@example.com