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The South Eastern Economic Development (SEED) Corporation has been awarded a $700,000 grant from the Community Development Financial Institution (CDFI) Fund under the U.S. Department of the Treasury.  The award is through the Treasury’s $1.25 billion CDFI Rapid Response Program and will provide necessary capital for CDFI’s to respond to the economic challenges created by the COVID-19 pandemic, particularly in underserved communities.
“We are so very pleased to receive this grant which will increase SEED’s total capital to $13.7 million for small loans up to $250,000 and enable SEED to continue meeting the financing needs of start-up and expanding small businesses in underserved markets, and economically distressed areas in our region,” stated Susan Murray, SEED’s Executive Director.   “These loans are typically in conjunction with a financing institution to reduce their level of risk, however SEED can also lend independently when traditional financing is not available.  SEED’s terms are more flexible with use of funds, repayment, collateral and personal credit scores, however jobs must be created or retained as required by EDA.”  Explained Murray.
“SEED is an invaluable member of the Commonwealth,” stated Congressman Jake Auchincloss. “Through their work, SEED supports small business and gives them the tools to succeed, creating new jobs and economic growth throughout Southeastern Massachusetts. With this $700,000 award from the CDFI Rapid Response Program, SEED will have the resources needed to help other businesses hurting from the pandemic, spurring economic recovery in Taunton and beyond.”

According to Murray, since being certified as a CDFI by the U.S. Treasury in 2010, SEED has received six CDFI Fund grants totaling $5.2 million. These grants have been matched with another $2.5 million from the Commonwealth of Massachusetts. In addition, SEED has received over $375,000 in contributions from the region’s financial institutions, which served as matches for the CDFI grants, and $1.2 million in interest free loans from RI Commerce Corporation for small business loans in Rhode Island.  
SEED is a non-profit corporation established and certified by SBA in 1982 to assist small businesses in Southeastern MA including the Cape and Islands, Middlesex and Suffolk county, and the entire state of Rhode Island. Under various loan programs including the SBA Micro Loan and 504 Programs, SEED makes loans from $5,000 to $5 million to assist small businesses grow and create jobs. Over the past 38 years, SEED has made 2,231 loans totaling $400 million, leveraging $825 million in private funds, and assisting in the creation of 13,450 new jobs.
SEED also provides technical assistance to small businesses and works with other economic development organizations, various resource partners through SBA, and financing institutions in the region to ensure that individuals who are committed to owning and operating a small business can obtain the assistance they need to be successful.
For more information about SEED’s loan programs, and free entrepreneurial workshops, please call 508-822-1020 or visit SEED at www.seedcorp.com.

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SEED Receives $3 Million in American Rescue Plan Funds to Serve Small Businesses in Eastern Massachusetts 

[May 13, 2022]  U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding SEED a $3 million grant to capitalize and administer a revolving loan fund. This grant is funded by the American Rescue Plan. This grant will be used to provide gap financing to small, local businesses in Barnstable, Bristol, Dukes, Essex, Nantucket, Norfolk, Plymouth and Suffolk counties as they recover, grow, and create new employment opportunities. This EDA grant will be matched with $750,000 in local funds and is expected to create 100 jobs, retain 150 jobs, and generate $7.5 million in private investment, according to grantee estimates.

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$75 million in New Grants Available for MA Small Businesses

[February 24, 2022]  Governor Baker announced yesterday that the Commonwealth of Massachusetts has made $75,000,000 available to support small businesses negatively impacted by the COVID-19 pandemic. These funds will be administered through two different grant programs, the New Applicant Grant Program and the Inclusive Grant Program, are being provided through the Massachusetts Growth Capital Corporation. 

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SEED Names Baldies Pizzeria of Lakeville 2021 Small Business of the Year

[December 23, 2021]  SEED Corporation has selected Baldies Pizzeria of Lakeville, MA as the 2021 recipient of the Small Business of the Year Award. This family-owned and operated restaurant was established in 1998 by owner Mike Mastrangelo and specializes in gourmet brick-oven pizzas, as well as subs, tacos, soups, salads, and a wide variety of other main dishes. They also offer an extensive menu of craft beers (40 to try!), wines, and hard seltzers. 

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SEED Names Chris Cooney of Metro South Chamber of Commerce the 2021 Regional Business Advocate of the Year

[December 21, 2021]  SEED Corporation has selected Chris Cooney of the Metro South Chamber of Commerce as the 2021 recipient of the "Gus Yankopoulos" Regional Business Advocate of the Year Award for his volunteer service to SEED over the last 21 years. Established in 1999 in memory of Gus Yankopoulos, the award is presented annually on a merit basis to an individual who has performed exceptional work on behalf of the region’s economy. For the last 22 years, SEED has presented the winner with a Lucky print by the late local artist Arthur Moniz.

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SEED Names Eve Elliott of Rockland Trust 2021 Banker of the Year

[December 15, 2021]  SEED Corporation has selected Eve Elliott, Vice President of the Business Banking Group at Rockland Trust, as the 2021 Banker of the Year. This award is presented annually to the lender who partners on the largest number of loan projects with SEED and exemplifies the spirit of small business services.

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South Eastern Ecomonic Development Corporation home page

80 Dean Street,
Taunton, MA 02780


Business Hours:
Mon-Thu 8am-5pm
Friday 8am-4pm

SBA Lender Certified CDFI US Department of Treasury
SEED Corporation is a certified lender in Massachusetts and Rhode Island.


SEED Corporation is an equal opportunity lender and business assistance partner.