The North Central Massachusetts Development Corporation (NCMDC) has recently granted a small business loan for $75,000 to River Styx Brewery, LLC to be located in Downtown Fitchburg.
NCMDC granted a loan to Jackie and Scott Cullen to assist with opening River Styx Brewery, a 10-barrel brewery and tap room to be located at 166 Boulder Drive in Fitchburg. The Cullen’s have been small batch brewing as well as traveling the country to different breweries for many years preparing to enter into this growing industry and are scheduled to open next summer joining many new small businesses in downtown Fitchburg. The NCMDC funds will be used to assist with the leasehold improvement and equipment.
We are very excited to welcome River Styx Brewing to downtown Fitchburg, where we have been focusing a great deal of our economic development efforts” said Fitchburg Mayor Stephen L. DiNatale. “River Styx fits well within our creative economy, and we know that it will serve as a catalyst to bring people and tourists into the city to enjoy all that Fitchburg has to offer.”
This loan was in partnership with The City of Fitchburg and the Fitchburg Redevelopment Authority and will create four new jobs. For more information on what we can do for your business visit x73.b49.myftpupload.com.
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 loan programs, please call 978-353-7607.