Baker offers more help for businesses gloucestertimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gloucestertimes.com Daily Mail and Mail on Sunday newspapers.
Hereâs what small businesses need to know about Governor Charlie Bakerâs $668 million relief program
By Anissa Gardizy Globe Staff,Updated December 23, 2020, 3:24 p.m.
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A woman set up seating outside Espresso Love on Broad Street in Boston in October.Craig F. Walker/Globe Staff/The Boston Globe
Governor Charlier Baker on Wednesday unveiled a $668 million coronavirus relief program for small businesses affected by COVID-19.
The new aid program will be run out of the Massachusetts Growth Capital Corporation. Earlier this year, the quasi-public agency disbursed nearly $51 million in coronavirus-related business aid, but was overwhelmed with requests for 10 times that amount.
Payments will be administered by the Massachusetts Growth Capital Corp.
The program received more than 10,000 applications seeking over $500 million, according to the Associated Press.
Diners have dinner outdoors on Friday, Nov. 6, 2020, in Boston s North End. (AP Photo/Elise Amendola)
In October, Baker s administration introduced a $774 million plan to help rescue Massachusett s economy during the COVID-19 pandemic, including $50.8 million for small business grants.
In addition, the Bay State has $17.5 million for the program set aside for the 2021 budget. Businesses that applied for grants originally need not reapply to be considered again. This has obviously also been a very challenging year for other sectors of our economy and small business owners perhaps more than anyone else have gone through unimaginable disruption, loss and uncertainty, said Baker, a Republican. Despite that, they ve done everything in their power to keep their staff and their customers as sa
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