$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.

Applications for each grant program will be accepted now through Monday, April 4, 2022 and will award grants ranging from $10,000 to $75,000. Eligible uses of these funds include the following:

Employee payroll benefits costs
Interest on other debt obligations incurred after March 3, 2021
Cost to pivot company due to COVID-19 pandemic
Business mortgage or rent and utilities

For more information about each grant program, visit the links below:

New Applicant Grant Program

Inclusive Grant Program

Healey-Driscoll Administration Announces $78 Million for New Grant Programs to Support Massachusetts Small Businesses

[April 6, 2022] The Inclusive Recovery Grant Program will provide up to $75 million in funding through grants of up to $75,000 for businesses owned by people of color, women, veterans, immigrants, individuals with disabilities, or those who identify as part of the LGBTQ+ community; businesses that focus on reaching markets predominantly made up of socially and economically disadvantaged and historically underrepresented groups; and other underserved markets.

SEED Makes 68 Small Business Loans Totaling $17.8 million in 2022

[November 30, 2022] In 2022, the South Eastern Economic Development (SEED) Corporation made 68 small business loans totaling $17.8 million and assisted in the creation of 398 new jobs. These loans were either made in participation with the region’s financial institutions to meet a financing gap, or as direct loans to small businesses not able to obtain conventional financing.

Lisa Holmes Named NADCO's CDC Employee of the Year

[November 18, 2022] SEED is extremely proud to announce that Lisa Holmes, Senior Vice President, Lending Team Leader, has been named the 2022 CDC Employee of the Year by the National Association of Development Companies (NADCO)! Selected from a pool of candidates nationwide, Lisa is being presented this award for exemplifying exceptional leadership, a strong team mentality, and an expertise in small business lending that has elevated her organization, colleagues, and clients. She was formally recognized this week at NADCO's 2022 conference in Denver, Colorado.

Tamarah Bacon Joins SEED Lending Team

[November 17, 2022] Tamarah Bacon has recently joined SEED Corporation's lending team, as a Vice President and Commercial Loan Officer, and brings with her over 17 years of experience with traditional and non-traditional lending institutions. Tamarah works with clients and banking partners on micro, small, and SBA 504 loans, as well as SBA Community Advantage Loans.

Prior to joining SEED, she was an AVP and Commercial Loan Officer at Coastal1 Credit Union (formerly Pawtucket Credit Union). Tamarah earned her Bachelor of Science from Roger Williams University and her Master of Public Administration from Bridgewater State University.

Healey-Driscoll Administration Announces $78 Million for New Grant Programs to Support Massachusetts Small Businesses

SEED Honors 2022 Award Recipients at 40th Annual Meeting

SEED Makes 68 Small Business Loans Totaling $17.8 million in 2022

Lisa Holmes Named NADCO's CDC Employee of the Year

Tamarah Bacon Joins SEED Lending Team