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May 15, 2020

North Central Mass. chamber launches $415K Economic Recovery Fund

In an effort to fill in gaps across loan relief programs, the North Central Massachusetts Chamber of Commerce announced Friday the launch of an Economic Recovery Fund, which will provide loans to eligible small businesses negatively impacted by the ongoing economic disruption.

The fund will help supplement the North Central Massachusetts Development Corp.’s efforts to provide emergency support to local businesses.

Photo | Courtesy
Roy Nascimento, CEO, North Central Massachusetts Chamber of Commerce

Founding sponsors for the fund include Berkshire Bank of Boston, Fidelity Bank of Leominster, and Digital Federal Credit Union Marlborough, all of which contributed $100,000 to help capitalize the recovery effort. NCMDC also contributed $100,000, the Chamber said.

Workers Credit Union of Littleton and BankHometown of OXford contributed $10,000 and $5,000 respectively.

Qualifying small businesses and nonprofits are eligible for loans of up to $50,000 through the new fund.

Those interested in inquiring about a loan should contact Sandie Cataldo, the economic development manager, at 978-353-7600 or email Businesses or organizations interested in supporting the fund should contact Roy Nascimento, the chamber’s president and CEO, at

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