Government

  • Workforce Training Fund offered by state government, www.tinyurl.com/6lynna. Funds for training current employees and new hires. If the web link does not work then go towww.mass.govand use the search function. In many cases employer contribution is limited to employee salary - training cost other than employee salary is covered by the fund.
  • Massachusetts Community Development Finance Corporation, www.mcdfc.com. Provides financing to small businesses in Massachusetts with the purpose of creating or preserving jobs and promoting economic development.
  • MassDevelopment, www.massdevelopment.com. Tax-Exempt Bonds provide very low interest rate financing for capital projects. Projects financed must be eligible for tax-exempt financing under the federal tax code. Tax-Exempt Equipment Lease/Purchase Program provides manufacturers, nonprofit institutions, and environmental enterprises with a low-cost alternative for financing $300,000 or more in new equipment needs. Used to be called Massachusetts Development Finance Agency which in turn was formed by merging Massachusetts Industrial Finance Authority and Massachusetts Land Bank.

Funding

  • New England Venture Capital Association - www.newenglandvc.org. Members page has about hundred firms listed.
  • SBIC (Small Business Investment Companies) based in MA,www.tinyurl.com/5esnt9. A public/private partnership that provides financing to small companies. SBICs are privately organized and managed venture capital firms licensed by the Small Business Administration (SBA). Also check out www.nasbic.org.

Other

  • Associated Industries of Massachusetts, www.aimnet.org. Largest nonprofit, nonpartisan association of Massachusetts employers