Community Development Block Grant Public Hearing Is Tonight, June 4

Press release from the Town of Lexington:

June 4, 2020

The Town of Lexington is applying for a Community Development Block Grant (CDBG) from the Office of Housing and Urban Development (HUD), which could bring aid to the micro-businesses (fewer than five employees) in the town.

The Town of Lexington is applying for $120,000 in microenterprise assistance and is participating in a regional application process with 23 other communities.

The application will be administered by the Metropolitan Area Planning Council. The Mass Growth Capital Corporation will administer the funding and will provide it directly to the businesses. This regional program would grant funding of up to $10,000 per business to qualifying microenterprises adversely impacted by COVID-19.

Regional CDBG/DHCD Microenterprise Assistance Application Public Hearing

Thursday, June 4, 2020

6:00pm-7:00pm

Agenda

1. Introduction: Michael Herbert, Ashland Town Manager
2. Description of the regional approach to grant: Betsy Cowan, Chief of Economic Development, MAPC
3. Description of funding process: Mass Growth Capital Corporation, a third-party provider to administer the funding and provide assistance to the microenterprises: Larry Andrews, MGCC
4. Discussion of the use of CDBG funds for the Microenterprise Assistance Grant to help small businesses.
5. Public Comment
6. Adjournment

Virtual Meeting via Zoom

Join Zoom Meeting:
Meeting ID: 827 9322 2900
Password: 876410
Dial-in: 646 558 8656
USMeeting ID: 827 9322 2900
Password: 876410

This press release was produced by the Town of Lexington. The views expressed here are the author’s own.