North Central Mass Development Corp Provides Financing to Little Explorers Child Care Center

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The North Central Massachusetts Development Corporation (NCMDC) is proud to announce that Little Explorers Child Care Center, LLC has secured a micro-loan of $39,750 for the purchase of real estate.

Lindsey Page opened the Child Care Center in July of 2012, which is conveniently located off Route 2 in Templeton, and attracts families from surrounding towns. With the help of this loan, Lyndsey plans to purchase the building that she currently leases to accommodate her growing business. Quality care, convenient location, and flexibility to suit the individual family’s needs separates Little Explores Child Care Center from the competition; giving her a huge advantage over her market. This loan was in partnership with Bank Hometown and will create 2 jobs. For more information on Little Explores Day Care call (978) 939-8080.
As a microloan lender, NCMDC can provide loans to small businesses up to $150,000 for working capital, equipment, inventory, expansion and working with our banking partners to provide gap financing for the final piece of a project.
The North Central Massachusetts Development Corporation (NCMDC) is a non-profit corporation with the mission of creating jobs and improving the economy of North Central Massachusetts. NCMDC is certified by the U.S. Small Business Administration (SBA), and the U.S. Department of the Treasury under the Community Development Financial Institutions (CDFI) Program. The NCMDC works in partnership with local banks, credit unions, chambers of commerce and area nonprofits to support emerging microenterprises, small businesses, and community projects with loans and business assistance. Since 1996, the NCMDC has granted over $4,200,000 in loans to small businesses to help grow jobs and the economy in 26 communities in the North Central Massachusetts region.

For more information about the NCMDC and its loan programs, call 978.353.7607 or visit x73.b49.myftpupload.com.

North Central Development Corporation Publishes Manufacturers Directory

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Expansive guide highlights the region’s vast manufacturing firms and industrial space

The North Central Massachusetts Chamber of Commerce and the North Central Massachusetts Development Corporation (NCMDC) announce the publication of the 2017 edition of the Manufacturers Directory and Industrial Parks Guide for North Central Massachusetts. The publication is designed to promote and connect manufacturers with suppliers as well as serve as a resource for companies looking to relocate or expand throughout the region.

This new version of the directory was nearly a year in the making and represents the first new edition since 2015. Working with multiple sources, the NCMDC confirmed the operating status and primary product line of each company listed in the directory. In addition to the listing of local manufacturers, the publication also includes a section on life science companies, a listing of suppliers and a guide to business and industrial parks in North Central Massachusetts.

“We published this directory to help support our local manufacturers who are so critical to the long term vitality of the North Central economy”, said Roy Nascimento, President & CEO of the North Central Massachusetts Chamber of Commerce and the North Central Massachusetts Development Corporation. “We hope that this publication will be a resource in connecting manufacturers with their peers and helping them find local suppliers.”

This new publication is part of the Chamber and Development Corporation’s continuing efforts to help promote the region and advance the economy of North Central Massachusetts. In addition to this new manufacturing directory, the North Central Massachusetts Development Corporation has recently expanded its loan programs to include a new Express Loan program, a Second Chance loan initiative and has grown its technical assistance offerings for new and established small businesses in the region. NCMDC has been expanding its reach to small and growing businesses in neighboring communities through partnerships with local chambers. Partnerships have already been created with the Worcester Regional Chamber of Commerce, the Assabet Valley Chamber of Commerce, and the North Quabbin Chamber of Commerce. The North Central Massachusetts Development Corporation also recently launched the new website ChooseNorthCentral.com and the hashtag #ChooseNorthCentral to promote North Central Massachusetts as a great place to grow or relocate a business and the organization has been engaged in new workforce development initiatives to improve the pipeline of skilled workers for local employers.

The 2017 edition of the publication was supported by advertising and is being circulated to manufacturers throughout the region. For more information, please contact the North Central Massachusetts Chamber of Commerce at 978.353.7600.

The North Central Massachusetts Development Corporation (NCMDC) is a non-profit corporation with the mission of creating jobs and improving the economy of North Central Massachusetts. The NCMDC acts as a connector, facilitator and partner and works in partnership with local banks, credit unions, chambers of commerce and area nonprofits to support emerging microenterprises, small businesses, and community projects with loans and business assistance. The NCMDC is certified by the U.S. Department of the Treasury under the Community Development Financial Institution (CDFI) program and is a micro-loan intermediary for the U.S. Small Business Administration. Since 1996, the NCMDC has granted over $4.2 million in loans to small businesses to help grow jobs and the economy in 26 communities in the North Central Massachusetts region.

For more information about the North Central Massachusetts Development Corporation please call 978.353.7607 or visit x73.b49.myftpupload.com or www.northcentralmass.com.

North Central Massachusetts Development Corporation and North Quabbin Chamber of Commerce Partner to boost Small Business Development

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The North Central Massachusetts Development Corporation (NCMDC) and the North Quabbin Chamber of Commerce have announced a new partnership to bring additional micro lending resources closer to young companies in the North Quabbin area of Massachusetts.

The collaboration involves the NCMDC providing start-up and existing small businesses in the North Quabbin communities with access to its microloan financing programs, which provide loans of up to $150,000 to help businesses that may not meet the traditional lending standards.  The North Quabbin Chamber of Commerce will provide the NCMDC with marketing support in their communities and a presence in their office for their loan officers to counsel potential clients.

“We’re really pleased to be able to partner with the North Central Massachusetts Development Corporation on this loan program,” said Mark Wright, Executive Director of the North Quabbin Chamber of Commerce. “It adds another vital resource for North Quabbin businesses and economic development. The NCMDC’s track record and commitment to growing new and existing businesses in North Central Massachusetts is an important part to our expanding regional renaissance.”

“Our microloan program has had a profound impact on our business community in North Central Massachusetts. We have a long and successful history of supporting small businesses with financial resources and technical assistance,” said Roy M. Nascimento, President & CEO of the North Central Massachusetts Development Corporation. “We are excited to partner with the North Quabbin Chamber of Commerce to continue to expand our lending and help support the small and emerging businesses that help drive the economy forward.”

The North Central Massachusetts Development Corporation (NCMDC) is a non-profit corporation certified by the U.S. Small Business Administration (SBA), and the U.S. Department of the Treasury under the Community Development Financial Institutions (CDFI) Program. The NCMDC works in partnership with local banks, credit unions, chambers of commerce and area nonprofits to support emerging microenterprises, small businesses, and community projects with loans and business assistance.  Since 1996, the NCMDC has granted over $4.3 million in loans to small businesses to help grow jobs and the economy in 26 communities in the North Central Massachusetts region.  In addition, these funds were leveraged with local financial institutions providing $14.8 Million of their funds and local investors and business owners providing another $3.2 Million. Thousands of new jobs have been created in the region as a result of the loans made.

Microloan programs have become increasingly important to the business community since the economic collapse in 2008 that put more restrictions on how banks can serve small business loans. Micro loans made by the NCMDC can be used for working capital, leasehold improvements, machinery and equipment, furniture and fixtures and refinancing of business credit card debt. Eligible businesses include manufacturing, retail, wholesale and service businesses usually having five employees or less at the time of application and meeting the definition of small business. The interest rates are flexible, but generally close to the current fixed market rate.

NCMDC loan officers will be available via appointment to serve the needs of new clients in the North Quabbin area. To schedule an appointment, please contact the NCMDC at 978.353.7607 or contact the North Quabbin Chamber of Commerce at 978.249.3849.

North Central Massachusetts Development Corporation and Assabet Valley Chamber of Commerce Partner to support Small Businesses

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The North Central Massachusetts Development Corporation (NCMDC) and the Assabet Valley Chamber of Commerce have announced a new partnership to bring additional micro lending resources closer to young companies in the Assabet Valley Region of Massachusetts.

The collaboration involves the NCMDC providing start-up and existing small businesses in the Assabet Valley communities with access to its microloan financing programs, which provide loans of up to $150,000 to help businesses that may not meet the traditional lending standards.  The Assabet Valley Chamber of Commerce will provide the NCMDC with marketing support in their communities and a presence in their Hudson office for their loan officers to counsel potential clients.

“We are very pleased to be partnering with the North Central Massachusetts Development Corporation to support small businesses here in Assabet Valley,” said Sarah Cressy, President & CEO of the Assabet Valley Chamber of Commerce. “These microloans will provide entrepreneurs in our area with the capital and technical assistance they need to start or expand their business.”

“Our microloan program has had a profound impact on our business community in North Central Massachusetts. We have a long and successful history of supporting small businesses with financial resources and technical assistance,” said Roy M. Nascimento, President & CEO of the North Central Massachusetts Development Corporation. “We are excited to partner with the Assabet Valley Chamber of Commerce to continue to expand our lending and help support the small and emerging businesses that help drive the economy forward.”

The North Central Massachusetts Development Corporation (NCMDC) is a non-profit corporation certified by the U.S. Small Business Administration (SBA), and the U.S. Department of the Treasury under the Community Development Financial Institutions (CDFI) Program. The NCMDC works in partnership with local banks, credit unions, chambers of commerce and area nonprofits to support emerging microenterprises, small businesses, and community projects with loans and business assistance.  Since 1996, the NCMDC has granted over $4.3 million in loans to small businesses to help grow jobs and the economy in 26 communities in the North Central Massachusetts region.  In addition, these funds were leveraged with local financial institutions providing $14.8 Million of their funds and local investors and business owners providing another $3.2 Million. Thousands of new jobs have been created in the region as a result of the loans made.

Microloan programs have become increasingly important to the business community since the economic collapse in 2008 that put more restrictions on how banks can serve small business loans. Micro loans made by the NCMDC can be used for working capital, leasehold improvements, machinery and equipment, furniture and fixtures, and refinancing of business credit card debt. Eligible businesses include manufacturing, retail, wholesale, and service businesses usually having five employees or less at the time of application and meeting the definition of small business. The interest rates are flexible, but generally close to the current fixed market rate.

NCMDC loan officers will be available via appointment to serve the needs of new clients in the Assabet Valley region. To schedule an appointment, please contact the NCMDC at 978.353.7607 or contact the Assabet Valley Chamber of Commerce at [email protected] or 978.568.0360/978.875.0197.

North Central Mass Development Corp Provides Financing to Crust Artisan Bakeshop

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The North Central Massachusetts Development Corporation (NCMDC) recently granted a small business loan for $15,000 to Crust Artisan Bakeshop located in Downtown Worcester.

Through a partnership with TD Bank and NDMDC, Alexis Kelleher purchased Crust Artisan Bakeshop located at 118 Main St. in Worcester MA.  Alexis has been an employee of Crust for three years and has been the manager for the past year.  She has always had a passion for baking and was excited when the opportunity to purchase the business was presented.  As the owner, she will continue her role as the manager in addition to head baker.  Crust has carved out a distinct niche in the community offering high quality products with a focus on breads and pastry using primarily local ingredients.  Crust also offers a small breakfast and lunch menu.  Crust is open 7 days a week from 7 am – 3 pm.  This loan will retain seven jobs and create one job.  For more information visit www.crustbakeshop.com

“Helping strengthen small businesses and entrepreneurs stimulates job creation and is critical to economic growth,” said Raymond J. Martino, President of Simonds International and Chairman of the Board of the NCMDC. “The North Central Massachusetts Development Corporation is providing much needed capital and technical assistance to help local businesses grow and prosper.”

 

This micro loan is the first loan made by the NCMDC since it announced in January its expansion to Worcester and South Worcester County.

As a microloan lender, NCMDC can provide loans to small businesses up to $150,000 for working capital, equipment, inventory, expansion and working with our banking partners to provide gap financing for the final piece of a project. 

The North Central Massachusetts Development Corporation (NCMDC) is a non-profit corporation with the mission of creating jobs and improving the economy of North Central Massachusetts. NCMDC is certified by the U.S. Small Business Administration (SBA), and the U.S. Department of the Treasury under the Community Development Financial Institutions (CDFI) Program. The NCMDC works in partnership with local banks, credit unions, chambers of commerce and area nonprofits to support emerging microenterprises, small businesses, and community projects with loans and business assistance.  Since 1996, the NCMDC has granted over $4,200,000 in loans to small businesses to help grow jobs and the economy in 26 communities in the North Central Massachusetts region.

 For more information about the NCMDC and its loan programs, call 978.353.7607 or visit x73.b49.myftpupload.com.