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[November 16, 2021]  This December, the City of Boston will launch the GrowBoston! Program, powered by Interise's StreetWise ‘MBA’ curriculum. The program will provide 15-20 Boston-based M/WBE small business owners, who are at the same stage of growth, with interactive class sessions, peer mentoring groups, and the opportunity to learn from local experts in the fields of leadership development, finance, marketing, contracting and procurement. In each class session, participants will identify ways to immediately improve their business. At the end of the program, participants will walk away with a personalized three-year Strategic Growth Action Plan — along with the confidence, ability, and network of peers and experts they will need to implement it.

The 'contracting factor' of the StreetWise ‘MBA’ curriculum, which prepares participants for contracting success through procurement opportunities with Boston’s top anchor institutions, corporations, government, and other large purchasers, is what attracted the City to invest in this program specifically. This program is part of the City's response to address the disparity study commissioned by the city that analyzed over 47,000 contracts awarded by the City over a five-year period (2014 - 2019) worth over $2.1 billion and found that of those contracts, 11% were awarded to minority- and women-owned businesses. Only 0.4% -- or $9.4 million -- reached Black businesses.

With 15 years of experience, partners across 75+ cities and close to 9,000 Streetwise ‘MBA’ alumni companies, Interise is driving groundbreaking impact across the country. While our impact is national, Boston, Massachusetts will always be where we started. On average Boston based Interise alumni secured new contracting of $648,450. We know businesses that grow through contracting not only create jobs faster, but they create local jobs with higher wages and benefits and also reinvest those resources within their communities by supporting other local businesses and helping the area's economy, 

The seven-month program will run December 1, 2021 to June 15, 2022 and includes 13 sessions that meet virtually every other Wednesday from 5:00-8:00pm EST. The program is free of charge for all participants! In order to participate, businesses must be located in the City of Boston, have been in business for at least three years, and have at least one employee besides the owner. 

Applications are due November 25th. Click here to apply!

 

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

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.