States / Massachusetts / HD 5742

HD 5742 Introduced

A communication from the Office of MassDevelopment (see item 7002-0400 of Section 2 of Chapter 140 of the Acts of 2024) submitting its Small Business Technical Assistance Grant Program report for fiscal year 2025

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Small Business Technical Assistance Grant Program

Fiscal Year 2025 Impact Report

Letter from Leadership

MassDevelopment’s Small Business Technical Assistance (SBTA) Program strengthens Massachusetts’ small

business ecosystem by funding community-based organizations—such as community development corporations

and community development financial institutions—that expand access to business planning support and capital for

underserved small and microbusinesses statewide. By focusing on job creation and retention and improving access

to public and private financing, SBTA providers play a vital role in helping startups and existing businesses navigate

economic challenges and pursue growth opportunities in every region of the Commonwealth.

In Fiscal Year 2025, MassDevelopment awarded $6,729,552 in SBTA grants to 73 business-support organizations.

This investment enabled providers to deliver technical assistance to 4,740 small businesses and helped unlock

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