SEED receives $600K federal grant

THE SOUTH EASTERN Economic Development Corp. received a $600,000 federal grant for its Small Loan Program.
THE SOUTH EASTERN Economic Development Corp. received a $600,000 federal grant for its Small Loan Program.
PROVIDENCE – The South Eastern Economic Development Corp. was awarded a $600,000 grant from the Community Development Financial Institution Fund under the U.S. Treasury Department, SEED announced. The grant is expected to increase SEED’s capital to $12.3 million for small-gap loans up to $250,000. Maria Gooch-Smith, SEED’s executive director, said she was pleased “to continue…

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