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Massachusetts Biz-M-Power Crowdfunding Matching Grant
General · MassDevelopment (Growth Capital Division) · MA
The Massachusetts Biz-M-Power Crowdfunding Matching Grant, run by MassDevelopment, matches money that small Massachusetts businesses raise through community crowdfunding, dollar-for-dollar up to $20,000, and it's aimed at brick-and-mortar businesses with 1-20 employees and under $2.5 million in revenue, especially those in Gateway City communities.
The Massachusetts Biz-M-Power Crowdfunding Matching Grant is a state-run program administered by MassDevelopment's Growth Capital Division. It is designed to help small businesses in Massachusetts stretch their own fundraising efforts further by matching, dollar-for-dollar, money the business raises through community crowdfunding campaigns run on the Patronicity platform.
Under this program, a business must first run a crowdfunding campaign that raises between $2,500 and $20,000 from community backers. Once that goal is met, MassDevelopment matches the amount raised on a 1:1 basis, up to $20,000. The combined funds are intended to be used for capital needs such as improving a facility, purchasing equipment, or other physical business investments.
This program is aimed specifically at brick-and-mortar small businesses located in Massachusetts, with priority given to businesses owned by low-to-moderate-income individuals and those located in the state's designated Gateway City communities. It is a grant, not a loan, meaning funds generally do not need to be repaid, though applicants should confirm program terms directly with MassDevelopment.
For a small-business owner, this program offers a way to double the impact of local community support — turning a modest crowdfunding campaign into a larger pool of capital without taking on debt. Because crowdfunding requires public engagement, it can also serve as a marketing and community-building tool alongside the financial benefit.
Award amounts, open funding rounds, and eligibility details can change over time, so businesses should confirm current program specifics, deadlines, and requirements directly at the official MassDevelopment site before applying.
Who qualifies
How to apply
Questions people ask
Is this a grant or a loan?
It is a grant — MassDevelopment matches crowdfunded money rather than lending it.
Do I have to repay the money?
No, based on the available information this is a matching grant, not a loan requiring repayment.
Who is eligible?
Massachusetts brick-and-mortar small businesses with 1-20 employees and under $2.5 million in revenue, with priority for low-to-moderate-income owners and Gateway City businesses.
How much money can I get?
MassDevelopment matches crowdfunded amounts 1:1, up to $20,000, based on a campaign that raises between $2,500 and $20,000.
What's the deadline to apply?
The listing says to check current rounds; confirm at the official source for exact dates.
Where do I apply?
Applications and campaign details go through MassDevelopment's process via the Patronicity platform, listed at massdevelopment.com.
Who runs this program?
MassDevelopment's Growth Capital Division administers the program.
Is this only for Massachusetts businesses?
Yes, eligibility is limited to Massachusetts-based brick-and-mortar small businesses.
What can the funds be used for?
The summary indicates funds can support facility improvements, equipment, or other capital needs.
Do I need to run a crowdfunding campaign first?
Yes, the matching grant is based on funds raised through a community crowdfunding campaign on Patronicity.
Is there a minimum amount I need to raise?
Yes, campaigns must raise between $2,500 and $20,000 to qualify for matching.
Is the grant taxable?
The provided facts do not specify tax treatment; confirm this at the official source.
Are there priority groups for this grant?
Yes, low-to-moderate-income business owners and those in Gateway City communities are prioritized.
Opportunity number: not published. Source: curated + verified (official state source, 2026). GetFundedUSA is independent and not affiliated with MassDevelopment (Growth Capital Division); always confirm current deadlines, amounts and eligibility on the sponsor's own page before applying.