FY24 Small Business Technical Assistance Grant Program Report
Program Summary
The Small Business Technical Assistance Grant program, administered by Massachusetts Growth
Capital Corporation (MGCC), builds operational capacity and skills of organizations that are
providing technical assistance, education, and access to capital to small businesses, including
many owned by women, minorities, and veterans. The grant program strengthens ongoing
business development activities and economic development programs in low-and moderate-
income, underserved communities, and in Gateway Cities across the state. This is a competitive,
low-cost, high-outcome and high-impact program. MGCC committed $4,452,098 to 65
organizations for FY24.
Awardee Performance
For prior FY23 SBTA Awardees, performance benchmarks were considered. Benchmarks were
derived from taking the average performance of FY23 Awardees in the performance areas
named below. Each prior Awardee was then compared against the average benchmarks and
assigned a Tier based on their program benchmarks success rate.
Performance Benchmarks FY23 Average Benchmarks
Average cost per business $2,211
Average # of businesses served 80
Average # of loans made (directly or indirectly) 12
Average $ amount of total loans secured $850,717
Average # of jobs created and preserved 118
Average Grant Application Quality Score 89 of 120 points
FY2024 SBTA Grant Program Page 1 of 9
 Tier Tier Rank Description Funding % of
Rank Requested
Amount
T1 Applicant accomplished 5-6 benchmarks during FY23 grant cycle. 85%
T2 Applicant accomplished 3-4 benchmarks during FY23 grant cycle. 70%
T3 Applicant accomplished 0-2 benchmarks during FY23 grant cycle. 50%
T4 Applicant organization was not an Awardee in FY23. Applicant 50%
organization targets populations in areas where fewer TA
providers currently exist. During FY23, the Applicant organization
supported MGCC COVID Grant relief effort, Biz-M-Power Grant,
and Empower Digital Grant.
See below the list of organizations funded.
SMALL BUSINESS TECHNICAL ASSISTANCE GRANT PROGRAM
FY2024 SBTA Grant Program
GRANTEES AND FUNDING ALLOCATION
Joint Applicant Service Tier Award
Lead Organization
Organization Area Rating Amount
African Community
1 Economic Development Of n/a Boston T1 $85,000
New England
La Federación
2 Amplify Latinx Hispana de Statewide T3 $87,500
Comerciantes
Artmorpheus, Inc. d/b/a
3 n/a Boston T3 $50,000
Fairmount Innovation Lab
Arts & Business Council of
4 n/a Boston T2 $69,545
Greater Boston, Inc.
5 Ascendus n/a Statewide T1 $85,000
Associação Cabo Verdiana
De Brockton/the Immigrant
6 n/a Boston T4 $50,000
Assistance Center of
Greater Brockton, INC
Berkshire Black Economic
7 n/a West T2 $70,000
Council Inc.
Black Economic Council of
8 n/a Statewide T3 $50,000
Massachusetts
FY2024 SBTA Grant Program Page 2 of 9
 Blackstone Valley Chamber
9 n/a Central T2 $70,000
of Commerce
Boston Center for Boston Ujima
10 Boston T3 $87,500
Community Ownership Project
Boston Impact Initiative Lawyers for
11 Statewide T3 $87,500
Fund Civil Rights
Boston Main Streets
12 n/a Boston T2 $70,000
Foundation
Southeast,
Bristol County Chamber
13 n/a Cape & T3 $50,000
Foundation
Islands
Brookline Chamber of Brighton Main
14 Boston T3 $62,500
Commerce Streets
Southeast,
Cape & Islands Community
15 n/a Cape & T1 $85,000
Development, Inc.
Islands
Southeast,
Cape Cod Young
16 n/a Cape & T2 $69,846
Professionals (CCYP)
Islands
Center for Women &
17 n/a Boston T3 $50,000
Enterprise
Chelsea Business
18 n/a Statewide T3 $50,000
Foundation
CISA (Community Involved
19 n/a West T2 $45,465
in Sustaining Agriculture)
20 Coalition for a Better Acre n/a Northeast T3 $50,000
Codman Square
21 Neighborhood n/a Boston T3 $50,000
Development Corporation
22 Common Capital, Inc. n/a West T1 $85,000
23 CommonWealth Kitchen n/a Boston T3 $50,000
Southeast,
Community Development
24 We Can Cape & T3 $87,500
Partnership (CDP)
Islands
Community Economic
25 Development Center of SE n/a Central T2 $70,000
MA-CEDC
26 Community Teamwork, Inc. n/a Northeast T1 $85,000
Cooperative
Cooperative Fund of the
27 Development Statewide T2 $122,500
Northeast
Institute
FY2024 SBTA Grant Program Page 3 of 9
 Dorchester Bay Economic
28 n/a Boston T1 $85,000
Development Corporation
East Somerville Main
29 n/a Boston T1 $29,750
Streets
Lowell
Entrepreneurship for All Development
30 Northeast T3 $87,500
Merrimack Valley Financial
Corporation
North Adams
31 Franklin County CDC Chamber of West T3 $87,500
Commerce
GNEMSDC
32 MASSACHUSETTS n/a Statewide T2 $70,000
ADVISORS, INC.
Greater
Greater Holyoke Chamber Chicopee
33 West T2 $122,500
of Commerce Chamber of
Commerce
Greater Lynn Chamber of
34 n/a West T3 $37,500
Commerce
Haitian American Business
35 n/a Boston T4 $50,000
Expo, Inc.
South
36 Hilltown CDC West T2 $122,500
Berkshire CDC
Chelsea
37 Hispanic American Institute Chamber of Statewide T2 $122,500
Commerce
38 Interise n/a Statewide T2 $70,000
Jamaica Plain Neighborhood
39 n/a Boston T1 $84,953
Development Corporation
Latino Economic
40 n/a Springfield T4 $50,000
Development Corporation
41 LISC Boston n/a Statewide T2 $70,000
Local Enterprise Assistance
42 n/a Statewide T1 $85,000
Fund, Inc.
43 MASS MoCA n/a Statewide T3 $50,000
Massachusetts LGBT
44 n/a Statewide T2 $70,000
Chamber of Commerce
Mill Cities Community
45 n/a Statewide T1 $85,000
Investments
FY2024 SBTA Grant Program Page 4 of 9
 Neighborhood Housing
Finance Corp -
46 n/a Southeast T4 $50,000
NeighborWorks Housing
Solutions
Southeast,
New Bedford Economic
47 n/a Cape & T2 $70,000
Development Council, Inc.
Islands
48 NewVue Communities n/a Central T2 $70,000
North Central
49 Massachusetts n/a Central T1 $85,000
Development Corporation
North Shore Community
50 n/a Northeast T3 $50,000
Development Coalition, Inc.
51 Nuestras Raices Inc. n/a West T2 $70,000
Pittsfield Economic
52 n/a West T2 $70,000
Revitalization Corporation
Quaboag Valley Community
53 n/a Central T2 $69,195
Development Corporation
54 Salem Main Streets n/a Northeast T2 $21,000
55 Small Business Strong LLC n/a Statewide T4 $50,000
South Middlesex
56 n/a Central T3 $42,500
Opportunity Council, Inc.
Southeast Asian Coalition of
57 Central Massachusetts, Inc. n/a Central T2 $70,000
(SEACMA)
58 The Carrot Project n/a Statewide T1 $39,881
59 The ICA Group, Inc. n/a Statewide T2 $70,000
TLE Center for Urban
60 n/a Statewide T2 $70,000
Entrepreneurship
Trustees of Tufts College for
61 its New Entry Sustainable n/a Northeast T2 $66,463
Farming Project
Valley Community
62 n/a West T2 $70,000
Development
Wellspring Cooperative
63 N/a West T3 $26,000
Corporation
Women of Color
64 n/a Boston T3 $50,000
Entrepreneurs, Inc.
FY2024 SBTA Grant Program Page 5 of 9
 Worcester Regional Food
65 n/a Central T3 $87,500
Hub
See below the list of organizations funded in FY23.
Joint Applicant Service Recommended
Name of Lead Organization
Organization Area Amount
$ 6,155,611
African Community Economic
1 Boston $ 100,000
Development Of New England
Artmorpheus, Inc. d/b/a Fairmount
2 Boston $ 100,000
Innovation Lab
Arts & Business Council of Greater
3 Boston $ 82,452
Boston, Inc.
4 Ascendus Statewide $ 100,000
5 Berkshire Black Economic Council West $ 100,000
Black Economic Council of
6 Statewide $ 100,000
Massachusetts
Blackstone Valley Chamber of
7 Central $ 100,000
Commerce
Boston Center for Community
8 Boston $ 67,000
Ownership
Lawyers for Civil
9 Boston Impact Initiative Fund Boston $ 175,000
Rights
10 Boston Main Streets Foundation Boston $ 100,000
Southeast,
11 Bristol County Chamber Foundation Cape & $ 100,000
Islands
Brighton Main
Streets Allston
12 Brookline Chamber of Commerce Boston $ 109,600
Village Main
Streets
Southeast,
Cape & Islands Community
13 Cape & $ 100,000
Development, Inc.
Islands
Cape Cod Young Professionals Cape &
14 $ 99,630
(CCYP) Islands
FY2024 SBTA Grant Program Page 6 of 9
15 Center for Women & Enterprise Boston $ 100,000
16 Chelsea Business Foundation, Inc Statewide $ 100,000
CISA (Community Involved in
17 West $ 49,136
Sustaining Agriculture
18 Coalition for a Better Acre Northeast $ 100,000
Codman Square Neighborhood
19 Boston $ 100,000
Development Corporations
20 Common Capital, Inc. West $ 100,000
21 CommonWealth Kitchen Boston $ 100,000
Southeast,
Community Development
22 WE CAN Cape & $ 169,403
Partnership
Islands
Southeast,
Community Economic Development
23 Cape & $ 100,000
Center of SE MA - CEDC
Islands
24 Community Teamwork, Inc. Northeast $ 100,000
Cooperative
25 Cooperative Fund of the Northeast Development Statewide $ 174,720
Institute
Dorchester Bay Economic
26 Boston $ 100,000
Development Corporation (DBEDC)
27 East Somerville Main Streets Boston $ 30,000
North Adams
28 Franklin County CDC Chamber of West $ 175,000
Commerce
GNEMSDC MASSACHUSETTS
29 Statewide $ 100,000
ADVISORS, INC.
Greater Holyoke Chamber
30