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

This document is a report submitted to the legislature detailing the Small Business Technical Assistance Grant Program's activities for fiscal year 2025, rather than a new bill proposing policy changes. It explains that MassDevelopment awarded approximately $6.7 million in grants to 73 nonprofit organizations to provide technical assistance to small businesses with fewer than 20 employees and annual revenues under $2.5 million. The report highlights that these organizations helped 4,740 businesses, created 2,196 jobs, and facilitated over $116 million in additional financing for underserved entrepreneurs across Massachusetts. Additionally, the document notes the merger of Mass Growth Capital Corporation with MassDevelopment in February 2025, which consolidates resources to better support small business growth and economic recovery.