Mass Growth Capital supports East Somerville Main Streets (ESMS) through its FY24 Small Business Technical Assistance Grant Program. ESMS then supported Lorenzo Reyes, owner of Rincon Mexicano, through a renovation required to maintain an outdoor dining option that grew into a storefront improvement project. Learn more about MGCC's SBTA Grant Program and its success stories at https://lnkd.in/efrynUV.
Massachusetts Growth Capital Corporation (MGCC)
Financial Services
Charlestown, MA 1,381 followers
MGCC: Empowering Small Business
About us
Official MGCC LinkedIn account. MGCC is a quasi-public agency of the Commonwealth of Massachusetts, established in 2010 to provide financial services and managerial assistance that saves and creates jobs at small businesses in Massachusetts. MGCC promotes economic development throughout the Commonwealth, focusing on Gateway Cities and low- to moderate-income, underserved communities. MGCC works with traditional financial institutions to make challenging loans bankable, working with community development corporations and other non-profits to provide financing for job-producing projects and assisting a wide range of small businesses find the growth capital they require. For more information, visit EmpoweringSmallBusiness.org.
- Website
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https://www.empoweringsmallbusiness.org/
External link for Massachusetts Growth Capital Corporation (MGCC)
- Industry
- Financial Services
- Company size
- 11-50 employees
- Headquarters
- Charlestown, MA
- Type
- Government Agency
- Founded
- 2010
Locations
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Primary
Get directions
529 Main Street
Suite 201
Charlestown, MA 02129, US
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Get directions
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Get directions
446 Main Street
Suite 200
Worcester, MA 01608, US
Employees at Massachusetts Growth Capital Corporation (MGCC)
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Carmen Panacopoulos
Senior Business Strategy Manager at The Boston Fed, Board Member at Massachusetts Growth Capital Corporation & MassHousing
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Mark D. Drew
Massachusetts Growth Capital Corporation
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Theresa Ng
Not Defined by Your Circumstances| Community Project Manager| Public Speaker
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Erin Spano
Staff Accountant at Massachusetts Growth Capital Corporation (MGCC)
Updates
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Mass Growth Capital Corporation is hiring! Check out the available career opportunities with us on our website at https://lnkd.in/eSQmjw2t.
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Small business leaders and owners, this is an opportunity for you. The Federal Reserve has begun collecting responses to this year’s Small Business Credit Survey. As an official survey partner, we’re distributing the survey to for-profit businesses currently in operation, those recently closed, and those about to launch. By taking the survey, business owners and leaders contribute to data that directly informs the Fed, federal government agencies, service providers, policymakers, and others—a public good ultimately benefitting their business and other businesses like theirs. The survey closes November 1, 2024. We’re proud to help amplify the voices of small businesses. You can help by taking the survey (or sharing it with others) today! https://lnkd.in/euhVjbAQ #SmallBusinessCreditSurvey #SmallBusiness #FederalReserve #SmallBiz
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Funding opportunities are available for certified MA CDCs, certified MA CDFIs, and other non-profit providers of technical assistance to small business owners. Applications are due October 25, 2024. For more information, visit
Small Business Technical Assistance Grant Program | Mass Growth Capital Corp.
empoweringsmallbusiness.org
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Due to limitations in its facility, this Southeastern MA machine shop had to turn away orders. MGCC’s financing covered the costs of relocating to new space and provided additional working capital, enabling the company to meet demand and sustain profitability. Learn more at https://lnkd.in/efrynUV.
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We're looking forward to next week's office hours event hosted by the North Central Massachusetts Chamber of Commerce! Chuck Merrill, Senior Loan Officer for Mass Growth Capital, will be available for 30-minute appointments from 10:00 a.m. to 12:00 p.m. Email [email protected] to register for your spot.
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When a new landlord was unwilling to renew the lease for this borrower and an SBA 504 loan wasn't viable, their bank brought us in to secure the deal using MGCC’s REEF loan. With MGCC's financing, the borrower was able to purchase existing real estate. This new location will allow for expansion and business growth. Visit https://lnkd.in/efrynUV for more.
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We're looking forward to this event tomorrow! MGCC Senior Loan Officer John Santos will be a panelist on the Small Business Banking Relationship Building Panel Discussion from 10:00–10:30 a.m.
NEW BEDFORD CAPITAL MATCHMAKER: Our partners at the U.S. Small Business Administration are hosting an in-person Access to Capital and Small Business Resources Matchmaker event at the Fort Taber Community Center on Tuesday, September 10th from 9am-12pm. This free event is an opportunity to network and learn about the resources available for small businesses to start, grow and expand. There will be pastries and refreshments available during networking. Register at the link.
New Bedford Capital Matchmaker
eventbrite.com
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Mass Growth Capital supports the Black Economic Council of Massachusetts, Inc. through its FY24 Small Business Technical Assistance Grant Program. In turn, BECMA's BOSS program supported Better Together Brain Trust (BT2) in its early stages, including connecting the founders with a marketing specialist, attorneys, and business advisors. The City of Boston recently selected BT2 as its vendor to install and maintain the city-owned EV charging stations. Learn more about MGCC's grant program and its success stories at https://lnkd.in/efrynUV.
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