Climate-Critical Underrepresented Business Support Grant

The Challenge: Overcome Barriers Facing Underrepresented Businesses Entering and Growing in the Clean Energy Sector
By 2030, the clean energy workforce is projected to grow by 34%, or more than 34,000 workers, to meet the state’s climate goals. New and expanding underrepresented businesses focused on the design, manufacture, installation, and maintenance of clean energy and decarbonization projects are crucial to meeting the Commonwealth’s climate goals. These businesses put climate solutions into practice, foster environments that attract and support a diversified workforce, and pave the way to an equitable energy transition for environmental justice communities. Unfortunately, most underrepresented businesses face barriers to entry and growth. Regardless of sector, underrepresented businesses are denied access to capital at a much higher rate, face selection bias for projects, and often start with less personal wealth and social capital—all of which exacerbate the challenges that all businesses face during their start-up and early growth phases.​
About CUBS Grants
Climate-Critical Underrepresented Business Support (CUBS) Grants provide up to $800,000 in grant funds and technical support to applicants to support the expansion of services through a regional “Hub and Spoke” model.
This model provides accessible and uniform support through regional Hubs that will offer a suite of baseline core services designed to help underrepresented businesses become “business ready” to bid successfully on clean energy procurements. Spoke partners will offer complementary or additional services designed to enhance Hub services and further help underrepresented businesses pivot and grow in the clean energy sector.
This funding is not intended to benefit a single underrepresented business. Successful applicants propose projects that address barriers faced by underrepresented business, tackle both supply and demand needs, provide comprehensive wraparound services for individuals participating in the program, leverage existing support systems, and establish a robust cross-referral system between Hub and Spoke partnerships.