The Healey-Driscoll Administration and Massachusetts Growth Capital Corporation have announced two new grant programs worth $78 million to support small businesses in Massachusetts. The Inclusive Recovery Grant Program will provide up to $75 million in funding to businesses owned by marginalized groups and underserved markets, while the Independent Movie Theater Grant Program will offer $3 million in funding to support movie theaters in the state. Eligible applicants can receive $15,000 for each of the first two screens they add at a particular location and $10,000 for each additional screen at a particular location.
The funds will be administered by the MGCC, and applications are now open until April 28, 2023. The initiative aims to provide much-needed support to small businesses that have struggled to access capital, particularly those owned by women, people of color, veterans, and immigrants.