Apollinaire Theatre Co. in Chelsea has received a $250,000 grant from MassDevelopment as part of its Transformative Development Initiative (TDI) Cowork Program to develop a collaborative work space with local theater companies and related creative services and artists.

The organization will use the funds to fit out storefront spaces at Chelsea Theatre Works at 189 Winnisimmet St. in Chelsea Square.

“Right now, there aren’t enough workspaces and performing spaces in the Boston area for professional small theatre companies,” Apollinaire’s Development Coordinator Trip Venturella said in a statement. “However, thanks to MassDevelopment’s Cowork program, we can build working and performances spaces at the Chelsea Theatre Works that can be rented at affordable rates.”

“Thanks to Apollinaire, theatre professionals, production companies and artists can collaborate and devote creative energies to their craft, rather than searching for affordable venues to present their art,” MassDevelopment President and CEO Marty Jones said in a statement. “We’re pleased that the TDI Cowork program can benefit this crucial segment of the commonwealth’s creative economy while providing a vibrant anchor for Chelsea.”