Cambridge, Massachusetts, is renowned for its vibrant and diverse small business community. To support and foster this vital sector, the city offers a range of programs and resources designed to assist entrepreneurs at various stages of their business journey.
Small Business Enhancement Program
The Small Business Enhancement (SBE) Program is a reimbursement grant initiative aimed at helping eligible retail, food, home-based, and creative for-profit businesses in Cambridge. The program assists with the purchase of equipment and materials necessary for business growth. Business owners can apply every three years, and the program operates on a first-come, first-served basis. Applicants are encouraged to prepare all materials in advance to ensure timely processing. Learn more about the SBE Program.
Small Business Coaching Program
For established small service and retail businesses, the Small Business Coaching Program offers up to four hours of free, one-on-one coaching from industry experts. Areas of focus include financial planning, succession planning, and restaurant/food business support. Eligibility is based on Community Development Block Grant (CDBG/HUD) criteria, and the program is available on a first-come, first-served basis. Find out more about the Coaching Program.
Small Business Mentorship Program
The Small Business Mentorship Program connects local entrepreneurs with experienced mentors to guide them through the early stages of business growth. The program features a Mentorship Directory, allowing business owners to explore various programs offering support in marketing, finance, operations, and more. Entrepreneurs can request a mentorship referral to find a program that aligns with their goals and stage of growth. Explore the Mentorship Program.
Additional Resources
The Economic Opportunity and Development Division provides a variety of small business programs, including technical assistance, training workshops, grants, and other resources. These initiatives aim to build an inclusive and sustainable economy in Cambridge by supporting small and micro-businesses, promoting commercial districts, and developing policies that empower residents, workforce, and businesses. Discover more about Economic Opportunity and Development.
By leveraging these resources, Cambridge’s small business owners can access the support and guidance needed to thrive in a competitive marketplace, contributing to the city’s dynamic and diverse economic landscape.