TAUNTON – The South Eastern Economic Development Corp. recently received a $700,000 federal grant to help finance small businesses and startups across the region, according to a news release.
The grant through the U.S. Treasury Department’s Community Development Financial Institution Fund will increase SEED’s capital to $13.7 million, enabling the nonprofit to expand financing support for small businesses and startups, Susan Murray, SEED’s executive director, stated in the release.
SEED offers more-flexible terms than typical lenders and targets underserved and economically distressed communities across southeastern Massachusetts and Rhode Island.
Nancy Lavin is a PBN staff writer. Contact her at Lavin@PBN.com.
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