BOSTON (WWLP) – Governor Charlie Baker announced a new economic recovery plan Thursday aimed at helping businesses all across the state stay afloat.
This plan is pretty comprehensive and it aims to provide the Massachusetts economy with more than $700 million and that’s money that companies can start applying for right now.
Through the new COVID-19 small business grants, Massachusetts companies with 50 employees or fewer can apply to receive up to 75,000 thousand. Companies with five employees or fewer can apply for up to $25,000.
According to the Baker administration, this money can be spent on things like rent, utilities, payroll, debt obligations, and much more.
“These funds will be invested to get people back to work, to assist impacted small businesses, to revitalize main streets, to foster innovation and to promote and provide neighborhood stability and housing equity,” Baker said.
Companies that plan to apply can start doing so now. The applications will be open for three weeks and recipients will be chosen based on their need for support.
To apply check HERE.