$1M to Build the Future of Work
Baker-Polito Administration, MassDevelopment Announce Funding to Help Coworking Spaces Plan, Expand, Buy Equipment & Make COVID-19 Safety Improvements
May 27, 2021
Matthew Mogavero, 857-248-0868
|Wheelhouse Cowork in Gloucester was awarded grants from the Collaborative Workspace Program in FY20 and FY21 to build out its facility.|
BOSTON – The Baker-Polito Administration and MassDevelopment are pleased to announce up to $1 million in funding for the sixth round of the Collaborative Workspace Program, a MassDevelopment program that accelerates business formation, job creation, and entrepreneurial activity in communities by supporting infrastructure that fuels locally based innovation. Eligible organizations may apply for seed grants of up to $15,000 to study the feasibility of new collaborative workspaces or fit-out grants of up to $100,000 for new equipment or building improvements, including adjustments to help spaces adhere to the social distancing and health and safety standards outlined in the Commonwealth's sector-specific COVID-19 Workplace Safety Standards.
“The COVID-19 pandemic has changed the outlook for what it means to be ‘at work’ for many people, with Massachusetts’ vast network of coworking spaces offering another avenue for working, creating, and collaborating,” said Housing and Economic Development Secretary Mike Kennealy, who serves as chair of MassDevelopment’s Board of Directors. “Through MassDevelopment’s Collaborative Workspace Program, our administration is pleased to offer coworking spaces the resources they need to grow their membership, expand offerings, and make adjustments to keep members safe.”
“From shared kitchens to startup incubators, coworking spaces support a wide variety of industries in Massachusetts by offering space for innovation, collaboration, and networking,” said MassDevelopment President and CEO Dan Rivera. “MassDevelopment is excited to launch a sixth round of the Collaborative Workspace Program with up to $1 million in funding available to help coworking spaces of all kinds plan, expand, and improve.”
Since its pilot launch, and through the first five rounds of grants, the Collaborative Workspace Program has made 164 awards totaling $9,842,041 for the planning, development, and build-out of collaborative workspaces.
The full Request for Proposals is available at massdevelopment.com/cowork. Responses are due by 5 p.m. on July 2, 2021.
MassDevelopment, the state’s finance and development agency, works with businesses, nonprofits, banks, and communities to stimulate economic growth across the Commonwealth. During FY2020, MassDevelopment financed or managed 341 projects generating investment of more than $2.69 billion in the Massachusetts economy. These projects are estimated to create or support 10,871 jobs and build or preserve 1,787 housing units.