The South Eastern Economic Development (SEED) Corporation has selected Gerard Nadeau, President of Rockland Trust Company as the “Regional Business Advocate of the Year”. The award will be presented at SEED’s 35th Annual Meeting at 5:30 pm on Wednesday, November 29 at White’s of Westport in Westport, Ma.
“It is our pleasure to present the Regional Business Advocate of the Year award to Gerry Nadeau for his role in the growth of Rockland Trust Company over the last 33 years, and his commitment to many community organizations which have an impact on the region’s economic development,” stated Maria Gooch-Smith, SEED’s executive director.
Earlier this year, Gerry Nadeau was appointed president of Rockland Trust Company in recognition of his role in the success of the bank’s commercial banking division. Since 1984, Gerry has served the bank in a variety of capacities, and in the last 10 years as executive vice president in charge of commercial lending.
Gerry has served on the SEED Board of Directors for the last 10 years. From 2013 to 2016, he served as SEED chairman. In addition to SEED, Gerry is active in many community organizations. He is the chairman of the Metro South Chamber of Commerce, and the president of the Southeastern Mass Affordable Housing Group.
Gerry is also a board member of the Brockton Boys and Girls Club, a member of the executive committee for development at Stonehill College, and a member of the executive committee of the Old Colony YMCA.
From one branch in 1907, Rockland Trust Company has grown to 85 branches and 11 commercial lending centers with 50 commercial lenders financing up to $100 million. The bank is one of the most active U.S. Small Business Administration (SBA) lenders in Massachusetts.
Rockland Trust Community Development Corporation provides loans and investments to low income communities in MA and RI under the New Markets Tax Credit Program of the U.S. Department of the Treasury. So far, it has received four awards totaling $191 million, and has made 195 business loans and financial counseling investments totaling $220 million and assisting in the creation of 5,220 jobs.
According to Gooch-Smith, the “Regional Business Advocate of the Year” award was established in 1999 in memory of Gus Yankopoulos, who was the director of the Wareham Community Development Authority, and spent a life time working with economic development organizations like SEED, for the betterment of the region.
In addition to the “Regional Business Advocate of the Year” award, SEED will present the “Small Business of the Year” to Eastern Ice Co, Inc., of Fall River, MA, the “Veteran Small Business of the Year” to Heidrea Communications of Bellingham, MA, and the “Start-Up Small Business of the Year” to ComeForCare Home Care of Canton, MA. The guest speaker at SEED’s Annual Meeting is Mark Hayward, the Acting Regional Administrator, and Rhode Island District Director for the U.S. Small Business Administration (SBA).
At the Annual Meeting, SEED members will vote on a slate for officers, directors and members for 2018. The slate for SEED officers includes: Richard Shafer, chair (Shafer Development Services and Taunton Development Corporation); Jennifer Menard, vice chair (Bristol Community College); Charles Dwyer, vice chair (Middlesex Savings Bank); Lorraine Travers, CPA, treasurer; Jack Meehl, Jr. assistant treasurer (Plymouth Regional Economic Development Foundation); William Lewis, clerk (Bristol County Savings Bank); Wayne Carvalho, assistant clerk (First Citizens Federal Credit Union); and Gerard Nadeau, past chair (Rockland Trust Company).
SEED is a non-profit corporation certified in late 1982 by the SBA. SEED provides financing ranging from a $1,000 micro loan to a $5.5 million SBA 504 loan to small businesses in Massachusetts and Rhode Island. In 2017, SEED made 75 loans totaling $21.6 million and creating 383 new jobs.
SEED’s directors and members represent small businesses, financial institutions, local officials and community organizations. Members meet on an annual basis to elect a board of directors and officers. For more information about the Annual Meeting and SEED’s programs call 508-822-1020 or visit www.seedcorp.com.
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