United States Small Business Grant of up to $25,000 – Apply Now for MGCC Grant

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United Small Business of up to $25,000 – Apply Now for MGCC Grant

Massachusetts Corporation (MGCC) will be administering funds from the Community Development Block COVID-19 (CDBG-CV) to 23 municipalities for microenterprise assistance.

These CDBG-CV funds were appropriated through the CARES Act of 2020 and are being awarded to the Department of Housing and Community Development (DHCD) by the Department of Housing and Urban Development (HUD).

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CDBG-CV Microenterprise Assistance funding will support qualifying microenterprises adversely impacted by COVID-19, giving priority to minority status-owned businesses (Minority, , Veteran, Disability, LBGTQ+).

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of up to $25,0000 are still available for small enterprises in Dedham. 

Eligible businesses that have not yet applied can apply now. Those that have received less than $25,000 in funding are eligible to re-apply up to the $25,000 cap.

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What businesses are eligible?

  • for-profit business entities, 
  • with 5 employees or fewer, 
  • owned by one or more of the employees.
  • located in Dedham. (Home-based businesses may be eligible.)
  • Operating prior to 1, 2019.

Eligibility is limited by household income. All owners of the business must earn an annual income equal to or less than 80% of the Area Median Income (AMI) based on size.

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If a ’s income was impacted by the , 2020 returns may improve eligibility.

How to Apply for USA Small Business

The application is available https://massgcc.submittable.com/submit

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