Learn More about CDFI's and Small Business Resources in Massachusetts see here
While the federal government does not provide grants for starting or growing small businesses, one of the mechanisms in place to promote small business growth and economic development is the Community Development Financial Institution Fund managed by the US Department of the Treasury.
Community Development Financial Institutions fall into four categories:
AI Wainwright LLC
BCLF Ventures II, LLC
Boston Bank of Commerce
Capital Link, Inc.
Dorchester Bay Neighborhood Loan Fund
Institute for Community Economics
Jobs for Fall River, Inc.
Local Enterprise Assistance Fund
NOAH Community Development Fund, Inc.
Nuestra Development Fund
WCHR Securities, Inc.
YouthBuild Loan Fund
The SBA is dedicated to lend a hand to the service people in America and directly links with the Patriot Express Loan for veterans who desire to initiate their own business and want to start commercial activities. The SBA also plays a role in encouraging growth and job creation during the process, which is an indispensable part to support economic prosperity.
The government has launched innumerable programs that are all geared towards the achievement of this goal. Some of these programs involve the provision of technical assistance, training sessions, and strategies that would potentially help business owners in marketing their products and in expanding their businesses.