[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

SEED Awarded $4.5 million from RI Commerce Corporation through State Small Business Credit Initiative 

[August 3, 2023] South Eastern Economic Development (SEED) Corporation has been awarded a $4.5 million loan from RI Commerce Corporation under the State Small Business Credit Initiative (SSBCI). Funding for this program was made available through the reauthorization and amendment of the Small Business Jobs Act of 2010 (SBJA) by the American Rescue Plan Act (ARPA) of 2021 in order to provide $10 billion to fund the SSBCI as a response to the economic effects of the COVID-19 pandemic. This is a federal program administered by the Department of the Treasury that was created to strengthen state programs that support private financing to small businesses. 

Read more: SEED Awarded $4.5 million from RI Commerce Corporation through State Small Business Credit...

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.

Read more: Healey-Driscoll Administration Announces $78 Million for New Grant Programs to Support...

SEED Honors 2022 Award Recipients at 40th Annual Meeting 

[December 8, 2022]  SEED's 40th Annual Meeting was held on December 8th at White's of Westport and included the presentation of the 2022 Business of the Year, Start-Up Business of the Year, and Regional Business Advocate of the Year. Click the link to see the winners! 

Read more: SEED Honors 2022 Award Recipients at 40th Annual Meeting

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.

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

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. 

Read more: Lisa Holmes Named NADCO's CDC Employee of the Year

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

Programs sponsored by:

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.