September 2, 2014
The Pittsfield Economic Revitalization Corporation (PERC) has received a another round of funds that will be awarded to businesses in Pittsfield and Berkshire County for technical assistance services, such as financial, architectural, legal, engineering, or specialized business planning services. The $30,000 grant was awarded to PERC by the Massachusetts Growth Capital Corporation. It marks the eighth round of funding PERC has received for this program.
Jay Anderson, President of PERC commented: “The program has resulted in meaningful growth by the businesses that have added employees and invested in the expansion of their businesses. In previous rounds, PERC provided $280,000 in technical assistance grants to 22 businesses that pledged to create 202 jobs and invest more than $22 million. PERC has played an active role in supporting these businesses, which have had a very positive impact on the regional economy, especially during the regrowth of the economy during the past few years.”
PERC applied for the grant funds again because the program provides a source of funding beyond what is available through cities and towns. PERC met the eligibility requirements of the grant program because it is a private, non-profit community development corporation. The funds for the Small Business Assistance Grant Program are provided by the Massachusetts Growth Capital Corporation. “Applying for this type of grant program is an example of the valuable role PERC can play in seeking out and securing additional resources and tools to assist business development at the local level,” Anderson noted.
The purpose of the technical assistance grant program is to help small businesses expand, grow, improve their operations and create jobs. The program is targeted to assist businesses with twenty or fewer employees. People planning to start a business may also apply, if they are within one year of actually starting their business. Women, minority, immigrant, low-income, previously unemployed, and military veteran business owners are encouraged to apply for these funds.
Grant applications are reviewed by the PERC Technical Assistance Committee. Grant commitments are made by the PERC Board of Directors based on the merit of each project and the eligibility of the applicant for the program. Program information and eligibility guidelines are located on www.PERCloans.com and may also be obtained by contacting Ann W. Dobrowolski at PERC, (413) 499-9371, in the Department of Community Development, 70 Allen Street, Room 205, Pittsfield.