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November 3, 2021

Winchendon sustainable agriculture market receives $68K microloan

Photo | Courtesy of North Central Mass. Chamber of Commerce Pictured left to right: Norman Vigeant, vice president of lending at the North Central Massachusetts Development Corporation; Tony and Morgan Ruschioni, owners of Homestead Market; and Sandie Cataldo, economic development manager at the North Central Massachusetts Development Corporation.

The North Central Massachusetts Development Corp., the economic development branch of the North Central Massachusetts Chamber of Commerce in Fitchburg, announced on Tuesday it was providing a microloan to Homestead Market in Winchendon.

The NCMDC approved a $67,500 loan for Homestead Market owners, Tony and Morgan Ruschioni, per the announcement. The couple used the loan to buy property, and the market plans to hire one full-time and one part-time employee.

The Homestead Market is a small retail business providing homemade products and services focused on sustainable agriculture, according to the press release.

As a U.S. Small Business Administration microloan lender, the NCMDC can provide small business loans for up to $250,000.

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