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Jordi Labs, LLC of Mansfield, MA (pictured below, top right) has been selected as this year's Small Business of the Year. The company was founded in 1980 by Howard Jordi, and for the past eight years has been run by his son Mark Jordi and longtime family friend Patrick Burke.
The team of Ph.D scientists at Jordi Labs specializes in providing high-quality analytical chemistry services and came to SEED in 2013 for SBA 504 financing, which allowed the business to purchase their commercial property in Mansfield. Since the completion of the project, Jordi Labs has seen consistent revenue increases, and are currently on track to increase revenue by 22% from 2017 to 2020. With this impressive growth in sales, the company has also increased staff from 22 employees at the time the loan was made to 41 employees.
David Emmons of Rockland Trust (pictured below, left) is this year's Banker of the Year recipient. Dave partnered with SEED on multiple financing projects during Fiscal Year 2020, all of which demonstrate his confidence in the SBA 504 program. His ability to determine which loan programs are the best fit for his customers truly underscores his commitment to strengthening the small business community and is among the reasons he was chosen to receive this award.
"I am extremely grateful to receive this recognition from SEED," stated David. "Their team of lenders are experts in small business and 504 lending who are always adding value to our customers' relationship. I feel confident when discussing with borrowers the benefits of partnering with SEED that they will do everything possible to advocate for our customer amongst their underwriters and the SBA, if necessary. Working with SEED is a true partnership and I take great honor in receiving this award."
Pasquale "Pat" Ciaramella (pictured below, bottom right) is the 2020 recipient of the Regional Business Advocate of the Year. The award is presented every year in memory of Gus Yankopoulus for his involvement in SEED's early years, and also in appreciation and recognition of his lifetime work to build the region's economy.
Pat has served on SEED's Board of Directors for the past 11 years, and was a SEED member for many years before that. He dedicated 42 years of service to the Old Colony Planning Council, and was named Executive Director in 2011. Pat has made countless contributions to the City of Brockton and the surrounding communities for the advancement of small businesses.
SBA Re-Opening Paycheck Protection Program
[January 14, 2021] The program will open to lenders with $1 Billion or less in assets on Friday, January 15, all other lenders will be granted access to the program on Tuesday, January 19. Business owners should reach out to their local banks and credit unions to take advantage of this program as soon as possible.
SBA Announces Interactive Digital Platform for Women-Owned Businesses
[January 13, 2021] SBA has announced Ascent, an interactive digital platform packed with resources women business owners need to set, and achieve, their business goals. Ascent is designed for the "missing middle" — growth-oriented women entrepreneurs who are beyond the start-up phase and already generating revenue yet looking to grow and scale. Most learning resources for business owners focus on either start-ups or mature businesses. Ascent is here to change that!
Sector-Specific Relief Grant Program for Massachusetts Businesses Deadline Notice
[January, 2021] Applications must be submitted by Friday, January 15th! The Commonwealth of Massachusetts has made an additional $668 million available to support businesses through new and existing programs. Massachusetts Growth Capital Corporation (MGCC) will target a portion of these funds to sectors experiencing the most significant economic hardship and a loss of revenue due to the COVID-19 pandemic.
Baker-Polito Administration Announces $668 Million Small Business Relief Package
[December 29, 2020] Last week, the Baker-Polito Administration launched a $668 million program to provide financial assistance to Massachusetts small businesses impacted by the COVID-19 pandemic. The program in part relies on the pending federal COVID-19 relief bill recently passed by Congress.
SEED Corporation Names Winners for 2020
[December 10, 2020] Jordi Labs, LLC of Mansfield, MA has been selected as this year's Small Business of the Year. David Emmons of Rockland Trust is this year's Banker of the Year recipient. And Pasquale "Pat" Ciaramella is the 2020 recipient of the Regional Business Advocate of the Year.
It's Veteran's Small Business Week!
[November 2, 2020] In observance of the U.S. Small Business Administration's celebration of National Veteran's Small Business Week, SEED is partnering with the SBA to participate on a virtual financing panel for the veteran- and military-owned small business community. The workshops will provide information on the resources available to help these entrepreneurs start or grow their business. Follow the link below for the financing panel or visit https://www.sba.gov/national-veterans-small-business-week for more information on other virtual workshops available near you!
Virtual Workforce Training Fund Free Information Session
[October 24, 2020] The Massachusetts Workforce Training Fund Program (WTFP) will be holding a virtual informational session with the Commonwealth Corporation to educate and engage with Massachusetts business owners looking to take advantage of the WTFP.
Baker-Polito Administration Announces Partnerships for Recovery with $774 Million Economic Recovery Plan
[October 23, 2020] This week, the Baker-Polito Administration announced a $774 million comprehensive plan to stabilize and grow the Massachusetts economy. The plan focuses on getting people back to work, supporting small businesses, fostering innovation, revitalizing downtowns and ensuring housing stability. Partnerships for Recovery begins today by directing $115 million in new funding to small businesses and Main Streets hardest hit by the COVID-19 pandemic and for workforce training efforts. Additionally, the Administration is aligning multiple funding sources, both existing and proposed, to appropriately respond to the crisis.
MicroBusiness Grants Available in Foxboro, Medfield and Walpole
[October 6, 2020] The Towns of Foxboro, Medfield, and Walpole have created a microenterprise grant up to $10,000 for businesses located in their communities. Applications are now being accepted!
Angela Laperriere Named 2020 Rhode Island & New England Financial Services Champion
[October 5, 2020] Without capital, a small business' journey ends before it even begins. Making sure that journey has a chance to flourish is what Angela Laperriere has been doing since 2011. Angela, better known as Angie, began her career with South Eastern Economic Development Corporation (SEED) as a marketing intern in 2010 prior to finishing her senior year at the University of Tampa. After graduating in 2011, she was hired full-time as the marketing and business development officer. The position engrossed her in SEED's lending program which paid dividends when she became involved with the lending side in 2012.
SCORE RI's Annual Women's Small Business Summit
[October 5, 2020] We're excited to announce the return of the Women's Small Business Summit, hosted by SCORE RI. This year's event has gone virtual—and it's packed with inspiration, insights, and resources for current and aspiring female small business owners. Open this article for a full list of events and registration information!
SEED Client Evans Machine Co. Named Family-Owned Business of the Year
[September 17, 2020] The Small Business Administration (SBA) has named Evans Machine Co. the 2020 Jeffrey Butland Family Owned Business of the Year for Massachusetts and New England. Evans Machine Co. earned the recognition for contributions to the manufacturing industry and leadership in community service. Based in Brockton, Evans Machine Co. is a precision manufacturing facility involved in product development for several industries, including medical, health, defense, and automotive.
Laurie Driscoll of South Eastern Economic Development Corporation Named Financial Services Champion of the Year
[September 16, 2020] The Small Business Administration (SBA) has named Laurie Driscoll, Vice President of South Eastern Economic Development Corporation, the 2020 Financial Services Champion of the Year for Massachusetts. Driscoll earned the recognition as an advocate for small businesses, providing technical support and financing expertise to underserved entrepreneurs throughout the Commonwealth.
SEED Receives Grant from U.S. Department of Commerce Economic Development Administration CARES Act Funding
[August 28, 2020] The South Eastern Economic Development (SEED) Corporation has been awarded a $3.6 million grant from the Economic Development Administration CARES Act Recovery Assistance Fund under the U.S. Department of Commerce. This new award is in addition to SEED's current EDA grant funding of $3 million in support of the growth and development of entrepreneurs and small businesses in the South Eastern Massachusetts region. Counties covered by these EDA funds include; Barnstable, Bristol, Dukes, Essex, Nantucket, Norfolk, Plymouth and Suffolk.
SBA Announces First Online VETRN Training Program for Veteran Small Business Owners
[May 29, 2020] The SBA announced the first online VETRN Training Program for veteran small business owners and their immediate family members beginning in August 2020.
This award winning VETRN Streetwise MBA program was created exclusively for veterans to provide them with the skills, resources, mentoring and networking necessary to grow their own small business. The program is free of charge and is open to veterans and family members of established small businesses located in all New England states, New York and New Jersey.
Angie Laperriere Named 2020 Rhode Island & New England Financial Services Champion
SEED Client Evans Machine Co. Named Family Owned Business of the Year
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