Thursday, October 22, 2020
Today, the Baker-Polito Administration announced a $774 million plan to stabilize and grow our economy. The plan focuses on getting people back to work, supporting small businesses, fostering innovation, revitalizing downtowns and ensuring housing stability. Partnerships for Recovery begins today by directing $115 million in new funding to small businesses and Main Streets hardest hit by the COVID-19 pandemic and for workforce training efforts.
Additionally, the Administration is aligning multiple funding sources, both existing and proposed, to appropriately respond to the crisis.
Partnerships for Recovery supports five key recovery efforts:
- Getting Massachusetts back to work
- Supporting small businesses
- Revitalizing downtowns
- Supporting housing equity and stability
- Fostering innovation