MassCEO Technical Assistance Stipend Program, a program

Grid Insight

About this program

The MassCEO Technical Assistance Stipend Program pays half the cost of pre-conversion technical assistance for Massachusetts businesses exploring a sale to an ESOP or a worker cooperative. The business pays its 50% share to a MassCEO-approved provider, and MassCEO pays the matching stipend directly to that provider. Eligible work includes feasibility studies, transaction structuring, valuation, trustee services, legal work, and pre-conversion employee education. Applicants must operate in...

#Worker Co-op

#ESOP

#Feasibility Study

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Key facts

States served: MA
Status note: Accepting applications on a rolling basis since its October 2026 launch, subject to available funding. ESOP projects can receive up to $25,000 (50% of up to $50,000 in costs) and worker cooperative projects up to $12,500 (50% of up to $25,000). Awards run through June 30, 2029.
Benefit amount: $25,000
Sunset date: 2029-06-30

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What they finance

Offerings: Grant
Ownership models: ESOP, Worker cooperative
Employee-ownership focus: Exclusive

Partners9

Cooperative Development Institute (CDI)
Business & Consumer Services
Affiliate
The ICA Group
Service Provider
Affiliate
Bellview Associates
Service Provider
Affiliate
BDO Capital Advisors
Service Provider
Affiliate
Massachusetts Executive Office of Economic Development
Service Provider
Sponsor or funder
Massachusetts Office of Business Development (MOBD)
Service Provider
Sponsor or funder

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Curators1

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MassCEO Technical Assistance Stipend Program

About this program

Ask Zolid AI

Key facts

Join The Grid to see the website and how to apply

What they finance

People2

Current2

Previous

Companies financed

Partners9

Curators1