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[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.

“President Biden is committed to providing local businesses with the resources they need to recover from the economic impact of the coronavirus pandemic,” said Secretary of Commerce Gina M. Raimondo. “This EDA investment will provide needed capital to small businesses and entrepreneurs in Eastern Massachusetts, creating a stronger, more robust regional economy.”

“Economic Development Administration investments play an important role in advancing locally-led economic development strategies that drive critical workforce and business expansion efforts to create stronger, more resilient regional economies,” said Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo. “SEED’s new Revolving Loan Fund will provide the capital that small businesses and entrepreneurs need to growth and thrive.”

“Thanks to this grant, more small businesses in Massachusetts will have flexibility and support to grow storefronts and help revitalize our main streets and downtowns,” said Governor Charlie Baker. “Congratulations to SEED for receiving this award and thank you to the Economic Development Administration for their continued partnership as we work together toward a full economic recovery.”

“Small businesses are the backbone of the Commonwealth’s economy, but they’ve been hit hard by the pandemic,” said Senator Elizabeth Warren. “This $3 million grant from the EDA, along with $750,000 in local funds, will help small businesses and the communities they serve across Southeastern Massachusetts build back by investing in existing jobs and creating new jobs, while generating millions in private investment.”

“Small businesses are the engine that drive our economic growth and create critical jobs across the Commonwealth,” said Senator Ed Markey. “This multi-million dollar federal grant with Taunton’s South Eastern Economic Development Corporation will have a tremendous impact throughout Eastern Massachusetts in building a stronger small business community.”

This project was made possible by the regional planning efforts led by the Southeastern Regional Planning & Economic Development District (SRPEDD). EDA funds SRPEDD to bring together the public and private sectors to create an economic development roadmap to strengthen the regional economy, support private capital investment and create jobs. This project is funded under EDA’s American Rescue Plan Economic Adjustment Assistance Program, which makes $500 million in Economic Adjustment Assistance grants available to American communities. The Economic Adjustment Assistance program is EDA’s most flexible program, and grants made under this program will help hundreds of communities across the nation plan, build, innovate, and put people back to work through construction or non-construction projects designed to meet local needs.
 

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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! 

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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.

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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. 

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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.

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SEED to Participate in Spanish-Speaking Micro Lender Panel hosted by Center for Women & Enterprise 

[July 14, 2022]  The Center for Women & Enterprise (Eastern MA office) will be holding a micro lending panel entitled Micro Loans: Capital for Your Business from Local Organizations administered entirely in Spanish. SEED Corporation will sit on the panel along with resource partners from Ascendus, Boston Local Development Corporation, Dorchester Bay Economic Development Corporation, the U.S. Small Business Administration, and Surfside Capital Advisors, all of whom will be delivering information on business lending practices to an audience of Spanish-speaking business owners. 

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South Eastern Ecomonic Development Corporation home page

80 Dean Street,
Taunton, MA 02780

1-508-822-1020

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Mon-Thu 8am-5pm
Friday 8am-4pm

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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.