The South Eastern Economic Development (SEED) Corporation has selected Building Envelope Systems of Plainville, Ma. as “Small Business of the Year” for 2018.
“SEED is very pleased to present the small business of the year award to this deserving small business. Building Envelope Systems is an excellent example of entrepreneurship and sound management,” stated Maria Gooch-Smith, SEED’s executive director. The award will be presented at SEED’s 36th Annual Meeting starting at 5:30 pm on Wednesday, November 28 at White’s of Westport in Westport, Ma.
In 2011, Brett Miller took over from former employer Metro West Steel when that company went out of business, and started Building Envelope Systems. The new company took over projects in the pipeline, and hired long time steel erection specialists who found themselves suddenly unemployed. Brett’s father, Steve Miller, joined him two years later. “In seven years, the design and construction business has grown to over $17 million in sales and 57 employees” explained Gooch-Smith.
Brett and Steve have been in the steel fabrication business for many years. The company designs and constructs metal panels, structural steel, and metal stairs for commercial clients in southern New England.
In 2015, Building Envelope Systems purchased a 50,000 square foot plant in Plainville which had previously served as a machine shop. The company also purchased large high-automated steel processing machinery to enable them to bid on new work. The building and machinery acquisitions enabled the business to triple their space, expand their operations, and create 34 new jobs.
Under the SBA 504 Program, SEED was able to provide a total of $1.2 million in conjunction with financing from Bristol County Saving Bank to assist Building Envelope Systems with the building and machinery purchases. The SEED lender on the project was Lisa Holmes, and the bank lender was Timothy Chaves.
SEED will also present the “Regional Business Advocate of the Year” award to Leonard Sullivan, First Executive Vice President of Bristol County Savings Bank, for his role in the growth of the bank’s commercial division and his service to SEED and other community organizations over the last 25 years.
The guest speaker at SEED’s Annual Meeting is Wendell Davis, Regional Administrator for New England for the U.S. Small Business Administration (SBA). He will also be assisting with the award presentations.
At the meeting, SEED members will vote for officers, directors and members for 2019. SEED Officers include: Richard Shafer, Chair (Shafer Development Services and Taunton Development Corporation); Jennifer Menard, Vice Chair (Bristol Community College); Charles Dwyer, Vice Chair (Middlesex Savings Bank); Lorraine Travers, CPA, Treasurer; Jack Meehl, Jr, Assistant Treasurer (Plymouth Regional Economic Development Foundation); William Lewis, Clerk; Wayne Carvalho, Assistant Clerk (First Citizens Federal Credit Union); and Gerard Nadeau, Past Chair (Rockland Trust Company).
SEED is a non-profit corporation certified in late 1982 by the SBA. SEED is also a Community Development Financial Institution under the U.S. Department of the Treasury, and an SBA Micro Lender. SEED provides financing ranging from a $1,000 micro loan to a $5.5 million SBA 504 loan to small businesses in Massachusetts and Rhode Island.
In 2018, SEED made 73 small business loans totaling $19.3 million, leveraging another $33.1 million from financial institutions, and private funds, and assisting in the creation of 339 new jobs. These loans were made in participation with the region’s banks to meet a financing gap, or to small businesses not able to obtain conventional financing.
SEED’s directors and members represent small businesses, financial institutions, local officials and community organizations. Members meet on an annual basis to elect a board of directors and officers, and review SEED’s performance. For more information about the Annual Meeting and SEED’s programs call 508-822-1020 or visit www.seedcorp.com.
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