HYANNIS – The Massachusetts Growth Capital Corporation has awarded Centerville-based Coastal Community Capital a Small Businesses Technical Assistance Grant to support its mission of funding small businesses and creating jobs in the Commonwealth.
The grants were announced in downtown Fitchburg earlier this month at Strong Style Coffee, a small business that recently benefited from the grant program.
The event was attended by Lt. Governor Karyn Polito and local elected officials.
The purpose of MGCC’s grant program is to expand economic and entrepreneurial opportunity in the state of Massachusetts. Grants totaling $2 million were awarded to 40 nonprofit organizations across the state.
The grant will enable Coastal Community Capital, a community development lender, to provide business loans, individualized business management assistance and financial training workshops to businesses, with a focus on low- to moderate-income, underserved communities and Gateway Cities in Massachusetts.
Barnstable is a Gateway City.
“These local grantees have a real impact on job creation and economic development across the Commonwealth,” said Larry Andrews, President of MGCC.
“We now have an independent, third-party evaluation of the program that confirms the positive impacts as a result of the program in underserved communities. This year’s grants will provide funding for non-profits to inclusively support and strengthen small businesses through managerial assistance, education and access to capital.”
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