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Massachusetts small businesses can now apply for $75,000 grants, Gov. Charlie Baker announces
Massachusetts tiny corporations grappling with the economic repercussions of the ongoing COVID-19 pandemic can now use for grants up to $75,000, Gov. Charlie Baker said Wednesday as he declared a new round of funding for a application that launched all through last winter’s virus surge just before vaccines turned broadly obtainable. Baker mentioned there’s $50 million available — sourced by federal COVID reduction pounds and appropriated by the Legislature — for modest small business that achieve “socially and economically disadvantaged and traditionally underrepresented groups,” which include business owned by minorities, women, veterans, individuals with disabilities and users of the LGBTQ group. A different $25 million is earmarked for firms that…
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Massachusetts small business owners fear income surtax will dent nest eggs
A handful of small business owners from different sectors and from about Massachusetts arrived with each other Thursday to call awareness to how the proposed surtax on cash flow more than $1 million would impact them and to press back again towards the notion of the proposal is anything that would impact only the super-wealthy. “The way this tax is portrayed in the media, it’s like all these prosperous men and women with boats and million-dollar homes and are just owning gobs and gobs of cash to throw all around. But tiny enterprises are not like that,” Ann Sullivan, who owns Metro Machines Corporation in Braintree, explained. “This is our…
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MIT joins the Black Economic Council of Massachusetts | MIT News
This fall, MIT joined the Black Economic Council of Massachusetts (BECMA), a Boston-based statewide organization that works to advance the economic well-being of Black businesses, organizations, and people in the Commonwealth. The Office of the Vice President for Finance (VPF) and the Office of Government and Community Relations (OGCR) jointly pursued membership in BECMA as part of an effort to increase MIT’s purchasing and contracting with minority-owned businesses, as highlighted in President Reif’s July 1, 2020 letter to the community on addressing systemic racism. “We want to build relationships with a wide range of suppliers to meet the needs of the MIT community, and Black and other minority-owned businesses have much…
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