TAUNTON, Mass. – May 12, 2015 – South Eastern Economic Development (SEED) Corporation today announced it had received a $25,000 grant from Rockland Trust Community Development Corporation to provide financial counseling to small businesses in Massachusetts and Rhode Island. The support will enable SEED to continue to provide financial counseling targeted to low and moderate income small business owners through workshops and one-on-one sessions.
“We are committed to strengthening the communities in which we work and live,” said Gerry Nadeau, Executive Vice President and Director of Commercial Banking at Rockland Trust, when presenting the $25,000 check to SEED. “We are proud of our continued support of SEED in its efforts to help local businesses succeed and create new jobs in our communities, particularly those challenged by higher unemployment rates.”
“We are very grateful to Rockland Trust,” said Maria Gooch-Smith, SEED’s Executive Director. “Small businesses create most of the new jobs in our economy, and Rockland Trust’s continued support of SEED’s technical assistance to small business enables them to continue operating and create new jobs.”
Rockland Trust provided the funding using an award received under the federal government’s New Markets Tax Credit program. The New Markets Tax Credit Program was enacted in December 2000, and is designed to foster job creation and stimulate economic growth in low-income communities across America. Rockland Trust has received four separate New Markets Tax Credit awards totaling $191 million to date.
About SEED Corporation
The South Eastern Economic Development (SEED) Corporation is a non-profit corporation certified by the United States Small Business Administration (SBA) to administer several SBA financing programs. SEED makes loans from $1,000 under the SBA Micro Loan Program to $5 million under the SBA 504 Program. SEED was established in 1982 to improve the economy of southeastern Massachusetts by helping small businesses get started, grow and create jobs. Today, SEED covers all of MA and RI. For more information about SEED’s business assistance and loan programs, please visit www.seedcorp.com.
Independent Bank Corp. has approximately $7 billion in assets and is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. Rockland Trust offers a wide range of banking, investment, and insurance services to businesses and individuals through retail branches, commercial lending offices, investment management offices, and residential lending centers located in Eastern Massachusetts and Rhode Island, as well as through telephone banking, mobile banking, and the Internet. Rockland Trust, which was named to Sandler 2014 Sm-All Stars list of top performing small-cap banks and thrifts in the country, is an FDIC Member and an Equal Housing Lender. To find out why Rockland Trust is the bank “Where Each Relationship Matters ®”, please visit www.rocklandtrust.com.
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