Massachusetts Launches Mini-CARES Act to Support Local Businesses
Last week, the Commonwealth of Massachusetts announced the funding of a mini-CARES Act grant aimed at providing relief to local businesses impacted by the COVID-19 pandemic. This state-level program is set to distribute $668 million in block grants to small businesses across Massachusetts, offering much-needed financial support during these challenging times.
Program Details:
1. Grant Funding:
The Massachusetts mini-CARES Act allocates $668 million in block grants specifically for small businesses affected by the pandemic. These grants are intended to help businesses cover essential expenses, maintain operations, and support economic recovery efforts within the state.
2. Application Process:
Applications for the grant program will be accepted starting this Thursday. Eligible businesses must submit their applications by the filing deadline of January 15, 2021. It is crucial for businesses to prepare their applications promptly to ensure they meet the deadline and secure the funding they need.
How to Apply:
To apply for the mini-CARES Act grants, businesses should follow these steps:
- Prepare Necessary Documentation for a Grant: Gather all required documents and information to complete the application accurately. This may include financial statements, proof of business impact due to COVID-19, and other relevant documentation.
- Submit Application for a Grant: Complete and submit the application form through the designated portal or platform provided by the Commonwealth of Massachusetts. Ensure that all information is accurate and submitted before the January 15, 2021 deadline.
Assistance and Support:
If you have any questions or need assistance with the application process, Gesmer Updegrove LLP is here to help. Our team of experienced attorneys, including Joe Laferrera, Aaron Kriss, and Sean Gilligan, are available to provide guidance and support. Whether you need help understanding the eligibility criteria, preparing your application, or navigating the submission process, our team is ready to assist.
The Massachusetts mini-CARES Act represents a significant effort to support small businesses during the ongoing pandemic. By taking advantage of this grant program, businesses can secure vital funding to sustain their operations and contribute to the state’s economic recovery. At Gesmer Updegrove LLP, we are committed to supporting our clients through these unprecedented times and ensuring they have the resources they need to thrive.