$9.3 Million in New Capital Funds Awarded to Support Mass Creative Economy
The MassDevelopment Board of Directors has approved $9.3 million in new grants from the Massachusetts Cultural Facilities Fund, a state program that fosters the growth of the creative economy by supporting building projects in the nonprofit arts, humanities, and sciences.
The new round includes 68 capital grants totaling $8.9 million and another 23 planning grants totaling just over $400,000. Grants range from $7,000 to $300,000, and must be matched one-to-one from private and/or other public sources.
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Investing in the acquisition, design, repair, renovation, expansion, and construction of nonprofit and municipal cultural facilities
Cultural Facilities Fund (CFF) grants support projects that create jobs in construction and cultural tourism; expand access and education in the arts, humanities, and sciences; and improve the quality of life in cities and towns across the Commonwealth.
Over nine years CFF has awarded grants of $91.9 million to nearly 700 projects across the Commonwealth. Demand for CFF grants continues to outpace supply: In a 2015 survey 133 organizations reported $606 million in capital projects through 2018.
CFF recognizes the challenges of facility construction and maintenance. We have worked alongside the cultural sector in Massachusetts since 2007 to systematically plan for and implement the construction of new facilities as well as the maintenance of our current facilities.
This process is accomplished through a variety of grant programs that not only help organizations access needed information and services for informed capital decision-making, but equips them with resources to execute those decisions as well.
|“The Cultural Facilities Fund review process is the most thorough and rigorous for both financial and construction planning. This makes its approval as important as its funding because it helps attract foundations who may not have the breadth of construction planning expertise on their review boards as CFF has.”
- Joy of Music Program, Worcester
The Cultural Facilities Fund has worked with 493 construction projects and 200 planning projects in 124 cities in towns across Massachusetts. 75% of CFF grants have addressed deferred maintenance while 25% has gone towards new construction or expansion.
||“Deferring maintenance is one of the biggest issues facing cultural non-profits nationwide. In this economic climate it is difficult enough to keep the doors open, let alone the roof repaired. CFF is vital in helping close this gap.”
- Williamstown Theatre Festival
- The nearly 700 CFF projects have a total development cost of $1.9 billion
- CFF projects have hired 21,472 architects, designers, engineers and construction workers
- 95 million tourists have visited these organizations since 2007
- 1,958 new full-time permanent jobs have been created as a result of the new construction or renovation of these facilities
- $75 million has been raised privately to directly match CFF grants
2016 CFF Fact Sheet