MassMakes understands manufacturers benefit from greater access to capital and support services, supporting their growth and new job creation. Explore diverse financial support options to help your business scale and compete in the advanced manufacturing industry.
M2I2 (Massachusetts Manufacturing Innovation Initiative) is a state-supported program focusing on cutting-edge technologies and fostering collaboration between industry players and higher educational institutions to drive the development of next generation technologies, economic growth and new jobs. The technologies should align with at least one of 13 institutes in the Manufacturing USA program.
If you are a manufacturer based in Massachusetts who is investing in the development of next generation advanced manufacturing technologies (including capital equipment, new technology platforms, etc.) you may be eligible for an M2I2 grant. Projects led by institutions of higher education, or entities that are closely partnered with an institution of higher education, may be considered for funding. Explore grant opportunities and apply for M2I2 funding here.
The Massachusetts Manufacturing Accelerator Program (MMAP) is a state-funded initiative supporting small and medium-sized manufacturers in Massachusetts to scale their operations and create new jobs by providing resources and support services.
MMAP focuses on key advanced manufacturing sectors like microelectronics, defense, aerospace, electrification technologies, additive manufacturing, robotics and automation. Participating manufacturers may access grant funding for capital equipment purchases and receive assistance with identifying and applying for tax credits, financing options, and workforce development initiatives. Discover the opportunities offered by MMAP here.
The Collaborative Research Matching Grant Program, administered by the Innovation Institute at MassTech Collaborative, supports R&D and infrastructure projects in partnership with research institutions and technology firms. They seek applications involving new R&D ideas, collaborative partnerships, and near-term economic impacts, including boosting competitiveness and job growth in Massachusetts.
Applicants should notify the Innovation Institute of their interest, submit a preliminary concept paper, and then a full application. Modest operating support for specific project activities may be considered. Funding is subject to availability from the Commonwealth. Learn more here.
The Workforce Training Fund Program (WTFP) offers grants to Massachusetts employers for training current and newly hired employees. The program focuses on small to medium-sized businesses that would not invest in improving employee skills without the Fund's assistance.
Businesses of all sizes can apply for General Program Training Grants of up to $250,000, and companies with less than 100 employees have a fast, flexible and friendly Express Program available to them offering up to $3,000/person/training course reimbursement. Employers, employer organizations, training providers, and consortia of such entities are encouraged to apply for funds to train current and newly hired workers. Training grants are available for a wide range of skills, including ESOL, Project Management, Machine Set-Up & Operation, Sales, Adult Basic Education, Lean/Continuous Process Improvement, Software & IT Skills, Customer Service, ISO, Leadership & Management Skills, Six Sigma, Train-the-Trainer, and more. Learn more and apply here.
The Massachusetts Office of Safety Workplace Safety Training Grant program offers financial support of up to $25,000 to companies and organizations operating within the state, focusing on reducing the risk of injury and illness in the workplace. The grant prioritizes first-time applicants, small and midsize businesses, and those with compelling program designs addressing worksite injuries or promoting injury prevention. Applicants can apply for funding to cover a variety of training topics, such as OSHA 10 or 30, fall protection, ergonomics, CPR/AED, and more. To apply, complete the five-page application and submit it with the required contractual documents to the DIA Office of Safety. For additional information or questions, email firstname.lastname@example.org.
MassDevelopment nurtures a thriving manufacturing ecosystem in Massachusetts, recognizing the crucial role these businesses play in the economy. Manufacturers across various industries and sizes can benefit from the wide array of programs and services offered, making it an invaluable resource for growth, innovation, and success.
MassDevelopment provides tax-exempt bonds, loans, and guarantees for facility and equipment upgrades, renovations, construction, and more. They offer export financing for advanced manufacturers entering international markets, 100% financing for technology upgrades through Tech Dollars, and support for growing technology companies through the Emerging Technology Fund. Additionally, the Brownfields Redevelopment Fund aids in environmental site assessment and cleanup.
MassDevelopment offers planning and development support for environmental issues, permitting, infrastructure, and more. They provide technical assistance in real estate strategic planning, site readiness for large-scale developments, energy cost savings through the Massachusetts Manufacturing Energy Collaborative, and affordable clean energy upgrades via Property Assessed Clean Energy.