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MassDevelopment

Cash for Downtown Hyannis' Reopening

MassDevelopment Awards Commonwealth Places Grant to Beautify Hyannis Storefronts in Main Street Business Improvement District and Aid in Post-COVID-19 Reopening.


June 7, 2021


Matthew Mogavero, 857-248-0868
mmogavero@massdevelopment.com

Photo courtesy of Hyannis Main Street Business Improvement District

HYANNIS, Mass. – MassDevelopment has awarded a $10,000 grant to the Hyannis Main Street Business Improvement District for a program that will provide grants of approximately $500 to local businesses on Main Street to help them improve their storefronts with lights, plants, and other décor and add outdoor seating. The businesses that will be assisted by this program, called Hyannis Business Reopening Beautification Boost Grants,  are located in an area of Hyannis currently served by MassDevelopment’s Transformative Development Initiative. The funds are awarded through MassDevelopment’s special Commonwealth Places COVID-19 Response Round: Resurgent Places, which was made available specifically to assist local economic recovery efforts as community partners prepare public spaces and commercial districts to serve residents and visitors.

“Before this pandemic, the vibrant centers of our cities and towns were not only a driving force behind the strength of local economies, they were the places where we gathered to dine, to shop, and to be entertained, and the Commonwealth Places program is one way that we can help these areas bounce back stronger than ever,” said Housing and Economic Development Secretary Mike Kennealy, who serves as chair of MassDevelopment’s Board of Directors. “The Baker-Polito Administration continues to support downtowns and town centers through various economic recovery programs, and these Resurgent Places grants are providing non-profit community organizations with the resources to activate public spaces, boost economic activity, and support an equitable recovery.”

“This money is for businesses to spend on the items that can jazz up their storefronts, and at this critical moment of reopening it’s really an investment in bringing downtown Hyannis’ economy back from the impacts of COVID-19,” said MassDevelopment President and CEO Dan Rivera. “MassDevelopment is focused on critical neighborhoods in communities like downtown Hyannis to make sure they are not left behind as we advance economic recovery. We are proud to support the Hyannis Main Street Business Improvement District and the work it does to revitalize storefronts and activate its Main Street.”

Created in 2016, Commonwealth Places aims to engage and mobilize community members to make individual contributions to placemaking projects, with the incentive of a funding match from MassDevelopment if the crowdfunding goal is reached. In response to the COVID-19 pandemic, MassDevelopment announced the opening of the first Commonwealth Places COVID-19 Response Round: Resurgent Places in June 2020 and from August – October 2020 awarded $224,965 in funding for 21 placemaking projects across Massachusetts. 

In December 2020, MassDevelopment announced the availability of $390,000 in funding for a second Commonwealth Places COVID-19 Response Round: Resurgent Places. Nonprofits and other community groups can apply to MassDevelopment for seed grants of between $250 to $7,500 to fund inclusive community engagement, visioning, and local capacity building that will support future placemaking efforts, or implementation grants of up to $50,000 to execute a placemaking project. For implementation grants, up to $10,000 per project may be awarded as an unmatched grant; awards greater than $10,000 must be matched with crowdfunding donations. 

Expressions of interest will be accepted on a rolling basis until June 30, 2021 and are available at massdevelopment.com/commonwealthplaces.

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.