All projects granted through M2I2 must have direct impact within the borders of the Commonwealth. Grants are available for capital purchases including equipment, development of new technology platforms or systems and related capital costs only. The acquisition of land and construction of new buildings are not eligible capital expenditures for the purposes of this program. Staff salaries are also not a reimbursable capital expenditure for purposes of this program. All capital expenditures to be funded under this program must be accounted for by the recipient in its financial records as a capital expenditure under Generally Accepted Accounting Principles (“GAAP”). The capital acquired must be installed within the borders of the Commonwealth.
All projects require a minimum of a 1:1 cost match of the state’s investment under this program. All contributions, including cash and in-kind contributions, will be accepted as part of the match requirement provided that such contributions meet all of the following criteria: (i) are necessary to accomplish the objectives of the collaborative project; (ii) are included in the approved budget for the project; (iii) are not sourced from other state grants; (iv) are verifiable from recipient’s records; and (v) are not included as matching contributions for any other federal or state-supported project. Match costs should be incurred within the grant period. Match can come from the applicant, third parties, other private investments, or federal grants. Any fees required from the non-profit partner can be considered as part of the applicant’s cost share but cannot be an allowable grant funded cost.
All projects must be aligned with the work of one of the following 14 Manufacturing USA Institutes. More information on Manufacturing USA Institutes can be found here.
An applicant must have, or plan to have, operations in Massachusetts. Additionally, all applicants must be an institution of higher education in Massachusetts or have a partnership with an institution of higher education located in Massachusetts.
Duration of Contracts
All cost share funds must be drawn within the fiscal year(s) specified in the contract. Contracts may span multiple fiscal years if the equipment purchased spans multiple fiscal years, but this should be specified up front.
Fiscal year is from July 1 - June 30.
All projects that receive cost share from the M2I2 program must report at least annually on progress and impacts of the project to the state for every year that the project is active and for one year after it completes.