Massachusetts Growth Capital Corporation - Appendix

Appendix of MGCC

Table of Contents

Overview

Cities Awarded the Most Grant Funding

CityRanking in Massachusetts by Population SizeNumber of GrantsDollars Awarded*
Boston12,093$ 101,327,229
Worcester2414$   17,240,000
Cambridge4320$   16,263,000
Quincy7295$   13,179,000
Springfield3206$     7,935,000

*  Most grants were between $5,000 to $75,000.

Gateway Cities Awarded the Most Grant Funding

Gateway CityRanking in Massachusetts by Population SizeNumber of GrantsDollars Awarded
Worcester2414$  17,240,000
Quincy7295$  13,179,000
Springfield3206$     7,935,000
Lawrence11233$     7,343,000
Lynn8239$     7,326,000

Business Sectors Awarded the Most Grant Funding

Business SectorNumber of GrantsDollars Awarded
Restaurant, Bar, Caterer, or Food Truck3,670$ 213,895,251
Beauty/Personal Care2,399$   81,503,412
Retail1,451$   58,564,718
Other*1,390$   61,153,800
Healthcare683$   39,558,545

*  Other sectors include, but are not limited to, cleaning, fitness, and automotive.

Grants Awarded to Priority Groups

Priority Group*Number of GrantsDollars Awarded
Woman-Owned Business6,480$ 270,097,055
Person of Color–Owned Business4,648$ 188,762,420
Veteran-Owned Business460$   22,705,000

*  Respondents may have identified as being from more than one demographic category.

Date published: August 28, 2024

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