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SBANE Awards $225,000 in Matching Grant Funds to Massachusetts-based Manufacturing Companies

WALTHAM, Mass., December 8, 2016 – The Smaller Business Association of New England (SBANE) recently awarded a total of $225,000 in matching grant funds to 31 manufacturing companies across the Commonwealth.

Currently in its eight year, and fifth consecutive funding year, SBANE’s Manufacturing Matching Grant Program is an opportunity for small and medium-sized Massachusetts-based manufacturers to hire private consulting expertise to assist with finance, marketing, accounting, government procurement and other business tasks. This competitive, one-time matching grant program is funded through an appropriation in the state budget and is overseen by the Massachusetts Office of Business Development.

Over the last eight years, SBANE has allocated $1,637,500 in public funds to approximately 189 manufacturing companies that support 9,420 jobs in Massachusetts.“The impact on manufacturers who have utilized the program has been extremely beneficial,” said SBANE President Robert Baker. “These matching funds have helped companies make completely necessary improvements to their business operations.”

“Manufacturing is an important sector in the Massachusetts economy,” said Nam Pham, Assistant Secretary of Business Development & International Trade.  “As small and medium sized manufacturing companies in the Commonwealth seek to grow or restructure, these grants give them the necessary resources to succeed.”For more information on this program, or other ways SBANE helps small businesses, please visit our website at www.sbane.org

##About SBANE

The Smaller Business Association of New England, Inc. (SBANE), founded in 1938, is a private not-for-profit association of approximately 600 member companies located throughout the six-state region. SBANE was established to provide a legislative voice for small business at the state and federal levels and to make practical information available to help business owners grow their companies. SBANE runs diverse, educational and networking programs each year and has active chapters in Massachusetts and Rhode Island. The membership is characterized by a high degree of participation, reflected in a large and dynamic committee structure, addressing a range of topics from international trade to human resources.About MOBD 

The Massachusetts Office of Business Development (MOBD) is the state’s one-stop source for businesses seeking to relocate to Massachusetts and businesses wishing to expand their current operations here.  MOBD staff operates in six regions across the Commonwealth, and provide on-the-ground knowledge and viable business connections to companies in their localities.  MOBD is an operating division of the Executive Office of Housing & Economic Development (EOHED).

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