The Massachusetts Growth Capital Corporation (MGCC) is currently accepting applications for the Hotel & Motel Relief Grant Program.
Donor Name: Massachusetts Growth Capital Corporation (MGCC)
State: Massachusetts
County: All Counties
Type of Grant: Grant
Deadline: 06/16/2023
Size of the Grant: $2,000,000
Details:
The Commonwealth of Massachusetts has made $75,000,000 available to hotels and motels negatively impacted by the COVID-19 pandemic. This program will award grants for eligible hotels and motels, prioritizing those based on economic impact, revenue loss from 2019 to 2020, those owned by minorities, women, veterans, disabled individuals, or those that identify as part of the LGBTQ+ community, and those operating in Gateway Cities or other communities disproportionally impacted by the pandemic. This project is being supported by federal award number SLFRP1025 awarded to the Commonwealth of Massachusetts by the U.S. Department of the Treasury. These funds were appropriated through the Commonwealth’s FY2023 Economic Development Bill.
While all hotel or motel operating locations meeting the above criteria are eligible, priority will be given to those that fit the below conditions:
- Economic Impact
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- Businesses headquartered in Massachusetts (evidenced by address on Federal Tax Returns)
- Regional equity in terms of fair distribution across state based on population
- Number of employees at hotel or motel operating location in relation to local population size
- Revenue Loss
- Had the largest percentage decline in revenues from 2019 to 2020
- Did not receive any federal, state or local COVID-19 relief aid previously
Equity & Demographics:
- Businesses owned by minorities, women, veterans, disabled individuals, or those that identify as part of the LGBTQ+ community
- Located in Gateway Cities or other communities disproportionally impacted by the pandemic
Funding Information
The amount of Grant awards will be a minimum of $10,000 and a maximum of $2,000,000, subject to demand and taking into account the number of jobs and economic activity generated by each applicant. Only one grant shall be made for each hotel or motel operating location.
Eligibility Criteria
Hotel or motel operating locations eligible to receive a Hotel & Motel Relief Grant must meet all the qualifications below:
- Negatively impacted by the COVID-19 pandemic
- Applicant must be a hotel or motel operator, not just an owner of the property
- Must be located in Massachusetts
- Must be a for-profit entity (sole proprietorship, partnership, corporation, cooperative or LLC)
- Must be currently in operation § Must show 2019 revenues higher than $2,500,000 based on 2019 Federal Business Tax Returns
- Gross revenues in calendar year 2021 cannot exceed gross revenues in calendar year 2019 as evidenced by Federal Business Tax Returns, except for nascent hotels or properties under major construction during calendar year 2019
- In 2019, must have had more than 50 employees (FT and PT combined)
- Must be current on all tax obligations (federal, state and local)
- Must be in good standing with federal, state and local requirements
- Did not receive a grant from previous rounds of MGCC COVID Relief funds
Ineligible Businesses
- Hotel or motel operating location that did not experience a negative economic impact from the public health emergency
- Businesses owned by persons under age 18
- Businesses owned in whole or in part by foreign individuals (non-permanent resident)
- Businesses primarily engaged in political or lobbying activities
- Real estate rentals/sales businesses (short term rentals such as Airbnb, Vrbo, rooming houses, etc.)
- Cannabis-related businesses
- Non-profit organizations, Churches, or religious institutions
- Member-services organizations (social clubs)
- Government-owned entities or elected official offices
- REIT (Real Estate Investment Trust) unless it is the operating entity of the hotel or motel
- Any business owner or business that is on the issued federal debarment list
- Any hotel or motel property that (i) received funds from MGCC in a previous round of small business COVID-19 relief grants; or (ii) was eligible to receive said funds but did not apply for said grants
- Any hotel or motel property whose revenues in calendar year 2021 exceeded that property’s gross revenues in calendar year 2019
- This does not apply to nascent hotels or motel properties which were under major renovation or construction during calendar year 2019
- A business or a business owned or controlled by persons or one that employs or contracts with persons (including officers, directors, employees, agents or subcontractors) who have been the subject of a charge, judgment, conviction, or grant of immunity, including pending actions, for any business or financial-related conduct that constitutes a crime under state or federal law, including but not limited to: embezzlement, wire fraud, money laundering, and/or any other COVID 19 relief fraud
- A business that has been the subject of any governmental determination of any public works law or regulation, or labor law or regulation or any OSHA violation
For more information, visit MGCC.