South Eastern Economic Development (SEED) Corporation has received a $25,000 grant from Rockland Trust Community Development Corporation to provide financial counseling to small businesses in Massachusetts and Rhode Island.
The grant will enable SEED to continue providing financial counseling targeted to low and moderate income small business owners through workshops and individual sessions.
“We are committed to strengthening the communities in which we work and live,” said Gerry Nadeau, President and Chief Commercial Banking Officer at Rockland Trust, when presenting the $25,000 check to SEED. “We are proud of our continued support of SEED in its efforts to help local businesses succeed and create new jobs in our communities, particularly those challenged by higher unemployment rates.”
“We are very grateful to Rockland Trust,” said Maria Gooch-Smith, SEED’s Executive Director. “Small businesses create most of the new jobs in our economy, and Rockland Trust’s continued support of SEED’s technical assistance to small business enables them to continue operating and creating new jobs.”
Rockland Trust provided the funding using an award received under the federal government’s New Markets Tax Credit program. The program was enacted in December 2000, and is designed to foster job creation and stimulate economic growth in low-income communities across America. To date, Rockland Trust has received four separate New Markets Tax Credit awards totaling $191 million.
About SEED Corporation
South Eastern Economic Development (SEED) Corporation is a non-profit corporation certified by the U.S. Small Business Administration (SBA) to administer several SBA financing programs, including SBA 504 loans and micro loans. SEED is also a Community Development Financing Institution (CDFI) under the U.S. Department of the Treasury.
SEED makes small loans up to $250,000 and SBA 504 loans up to $5.5 million. SEED was founded in 1982 to improve the economy of southeastern Massachusetts by helping small businesses get started, grow and create jobs. Today, SEED covers all of MA and RI. For more information about SEED’s business assistance and loan programs, please visit www.seedcorp.com.
Independent Bank Corp. (NASDAQ Global Select Market: INDB) has approximately $8.1 billion in assets and is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. Named in 2016 to The Boston Globe’s “Top Places to Work” list for the eighth consecutive year, Rockland Trust offers a wide range of banking, investment, and insurance services. The Bank serves businesses and individuals through approximately 100 retail branches, commercial and residential lending centers, and investment management offices in eastern Massachusetts, including Greater Boston, the South Shore, the Cape and Islands, and Rhode Island. Rockland Trust also offers a full suite of mobile, online, and telephone banking services. The Company is an FDIC member and an Equal Housing Lender. To find out why Rockland Trust is the bank “Where Each Relationship Matters®”, please visit www.rocklandtrust.com.
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