Biz-M-Power is a crowdfunding matching grant program that offers small businesses in Massachusetts financial assistance with their acquisition, expansion, improvement or capital lease of a facility; purchase or capital lease of equipment; or with meeting other capital needs for the business. 


WHAT’S NEW?
These are the key updates to the program:
  • A 2:1 match: MGCC will grant two times the amount of money raised through crowdfunding.
  • The minimum amount to match has been decreased to $1,500.
  • You now need to raise only 33 percent of your total project.
  • The maximum amount that will be matched has been increased to $40,000.
  • This means a business owner could potentially receive a total of $60,000.


WHY CROWDFUNDING?
Through crowdfunding campaigns, businesses connect with their local residents and stakeholders to advance projects that support economic success and transformation for their businesses and in their communities. 

 
WHAT'S CAN I USE THE FUNDS FOR?
A few examples of projects that have been funded by Biz-M-Power Matching Grants include:



Remodel of a storefront, as Nine Tastes Thai Restaurant of Cambridge did.

Purchase of necessary equipment for a business' needed expansion, as Roundhead Brewing Co. of Hyde Park did.


Purchase or lease deposit on a storefront location or facility, as Common Folk Artist Collective of North Adams did.