Paycheck Protection Program Reopened

The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday,…

House of Representatives Passes Landmark Climate Change Bill

Yesterday, I voted with my colleagues in the Massachusetts House of Representatives to pass landmark climate legislation that overhauls the state’s climate laws, drives down greenhouse gas emissions, creates clean energy jobs, and protects environmental justice communities. The bill, An Act Creating a Next-Generation Roadmap for Massachusetts Climate Policy (S.2995), sets a 2050 net-zero greenhouse gas emissions…

Details on New Small Business Relief Grants

Last week, the Commonwealth announced a $668 million small business relief package to be administered by Massachusetts Growth Capital Corporation (MGCC). This package provides additional funding for the existing small business relief program which originally launched in October and additional funding for businesses that fall into specific industry sectors. Existing Small Business Grant Program MGCC…

Commonwealth Announces $668 Million Small Business Relief Package

Today, the Commonwealth launched a $668 million program to provide financial assistance to Massachusetts small businesses impacted by the COVID-19 pandemic. The program in part relies on the pending federal COVID-19 relief bill recently passed by Congress. Regardless of the developments at the federal level, the Commonwealth will start releasing millions in new funding to…

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