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The South Eastern Economic Development (SEED) Corporation has been awarded a $1.14 million dollar grant from the Commonwealth of Massachusetts through Mass Growth Capital Corporation (MGCC).  The CDFI Match Grant Program will continue to support lending programs that lower the barriers small businesses face in accessing essential start-up, expansion, and general working capital. These $14.7 million in matching funds are being allocated to 15 non-profits that will administer these loan programs to reach small businesses in their communities.

“To address the impacts of the COVID-19 pandemic on the Commonwealth’s small businesses and main streets, our Administration put forward the largest relief program in the nation as part of our comprehensive plan for economic recovery,” said Governor Charlie Baker.  “With this new round of funding for technical assistance, access to capital, and digital tools, we are strengthening our support for small businesses and taking another major step toward a return to normal.”
 
“The combination of technical assistance and access to capital is critical to supporting businesses along their path to growth and is also a key part of our strategy for economic recovery,” said Lt. Governor Karyn Polito.  “We are grateful to MGCC for their work to provide vital assistance to small businesses throughout the pandemic.”
 
“These new tools and resources, combined with our Small Business Technical Assistance program, continues our support for small businesses that serve traditionally disadvantaged communities and also suffered disproportionately during the pandemic, and provide them with a path to short-term recovery and long-term success,” said Housing and Economic Development Secretary Mike Kennealy. “By increasing access to essential technical assistance, business education, skills training, and capital, we can help make certain the Commonwealth’s diverse small businesses are a part of the return to normal for our downtowns, main streets and our entire economy.”

“We are honored to receive this grant which will increase SEED’s total capital to $15 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 Southeastern MA,” 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 regarding use of funds, repayment, collateral and personal credit scores, however jobs must be created or retained,” explained Murray.

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 counties, 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 the 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 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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[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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[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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SEED Client Honored by Metro South Chamber of Commerce

[December 9, 2021]  Little Discoveries of East Bridgewater was recently honored by the Metro South Chamber of Commerce as a recipient of the Economic Development Impact Award. This award is given to businesses whose economic contributions have significantly benefitted the region by creating jobs, enriching the local small business community, and providing valuable products, services, and resources. 

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Angie Laperriere Promoted to Vice President

[December 3, 2021]  SEED has recently promoted Angie Laperriere to Vice President. Angie has been with SEED since 2011, originally serving as Marketing & Business Assistance Officer (2011-2015), Business Assistance Manager & Lending Officer (2015-2017), AVP, Business Assistance Manager & Lending Officer (2017-2021), and is now VP, Business Assistance Manager & Lending Officer.

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South Eastern Ecomonic Development Corporation home page

80 Dean Street,
Taunton, MA 02780

1-508-822-1020

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.

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