December 18, 2018
Thirty Mass. Nonprofits Receive $735K to Spur Business Growth

November 21, 2017 — The Massachusetts Growth Capital Corporation yesterday announced it has granted $735,000 in state funding to 30 nonprofits across Massachusetts to expand economic and entrepreneurial opportunity.

The Massachusetts Growth Capital Corporation (MGCC) which announced the grants, ranging from $10,000 to $50,000, will help expand economic and entrepreneurial opportunity throughout the state by providing technical assistance or training programs for underserved and disadvantaged businesses, many in Gateway Cities, with 20 employees or fewer.

"These local investments have a real impact on job creation and economic activity across the Commonwealth," said Larry Andrews, president of MGCC. "This year’s grants will provide funding for non-profits to support and strengthen inclusive small businesses by increasing business management skills.”

Receiving the grants are:
  • Accion, Boston
  • Artmorpheus, Boston
  • Blackstone Valley Chamber of Commerce, Whitinsville
  • Carrot Project, Boston
  • Center for Women and Enterprise, Boston
  • Coastal Community Capital, Centerville
  • Commonwealth Kitchen, Dorchester
  • Community Development Partnership, Eastham
  • Community Economic Development Center of Southeastern Massachusetts, New Bedford
  • Community Teamwork, Inc., Merrimack Valley Small Business Center Lowell
  • Cooperative Fund of New England, Watertown
  • Dorchester Bay EDC, Dorchester
  • E For all, Lowell
  • Epicenter Community, Boston
  • Franklin County Community Development Corp, Hilltown CDC, Valley CDC., Greenfield
  • Greater Holyoke Chamber of Commerce-Holyoke Chamber/SPARK,
  • Hispanic American Institute,Boston
  • Interise, Boston
  • Jamaica Plain Neighborhood Corp., Jamaica Plain
  • Massachusetts Museum of Contemporary Art, North Adams
  • Mill Cities Community Investment (Lowell Community Loan Fund), Lowell
  • New Bedford Economic Development Council, New Bedford
  • NewVue Communities, Fitchburg
  • North Central Mass Development Corp., Fitchburg
  • North Shore Community Development Coalition, Salem
  • Nuestras Raices, Holyoke
  • Pittsfield Economic Revitalization Corp., Pittsfield
  • Quaboag Valley Community Development Corp., Ware
  • Southeast Asian Coalition of Massachusetts, Worcester
  • South Middlesex Opportunity Council (SMOC), Framingham
MGCC is a central state resource that offers working capital, loan guarantees, and targeted technical assistance to solve specific financial and operational problems for local businesses. MGCC specifically targets manufacturers that are expanding, other growth sectors, and small businesses in gateway cities.

Massachusetts gateway cities are 26 urban centers with a history of economic success that have experienced decline with the loss of manufacturing jobs and which have had difficulty attracting new investments. Gateway cities, defined by the legislature, are: Attleboro, Barnstable, Brockton, Chelsea, Chicopee, Everett, Fall River, Fitchburg, Haverhill, Holyoke, Lawrence, Leominster, Lowell, Lynn, Malden, Methuen, New Bedford, Peabody, Pittsfield, Quincy, Revere, Salem, Springfield, Taunton, Westfield, and Worcester.

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