Fewer than 10 percent of small businesses that applied are expected to get state grants - BetaBoston
Fewer than 10 percent of small businesses that applied are expected to get state grants - BetaBoston Fewer than 10 percent of small businesses that applied are expected to get state grants - BetaBoston Posted: 29 Nov 2020 10:53 AM PST Only about one of every 10 applicants for two new state grant programs to help small businesses endure the COVID-19 pandemic will get any money for now, due to overwhelming demand for the funds. That is the word from the Massachusetts Growth Capital Corporation, the quasi-public agency overseeing the programs . It sent an e-mail to applicants the night before Thanksgiving, informing them it had received more than $518 million in grant requests for $50.8 million in available funding. Mass. Growth Capital said that means it will be able to provide grants only to about 9 percent of the applicants, without additional funding. Advertisement The Globe had reported earlier that day that Mass. Growth C