Our Mission
- Act as a facilitator and funding conduit of community economic development programs.
- Stimulate job creation so that the economic well-being of the citizens of South Coast Massachusetts is improved.
- Encourage a larger flow of private investment funds to help satisfy the need for industrial expansion.
- Promote the recycling of land and facilities for economic development purposes.
Our mission has remained unchanged for more than a quarter century. We are deeply committed to business development and working closely with South Coast companies to assist their expansions.
KEN FIOLA, EXECUTIVE VICE PRESIDENT
“During my time in Fall River, I have seen many businesses in diverse industries benefit from BCEDC’s finance programs. The last few years have been tough on a lot of us and BCEDC has been there to step in and help business owners when conventional financial institutions were turning their backs. BCEDC is a huge asset to the business community.”
George Matouk,
Matouk Textiles Work, Inc.
Our top loan and grant programs
BCEDC offers four flexible loan programs to facilitate business growth.
BRLF LOAN
BUSINESS REVOLVING LOAN FUND
Provides gap financing opportunities to startup ventures and existing business.
- Business must be in Bristol County
- As low as 5% - 6% interest rate
- Funds can be used for acquisition of land, buildings, equipment, machinery, fixed assets, and working capital needs.
EDA LOAN
ECONOMIC DEVELOPMENT AGENCY
Provides gap financing opportunities to startup ventures and existing small business.- Must be located in Fall River
- As low as 5% - 10% interest rate
- Funds can be used for acquisition of land, buildings, equipment, machinery, fixed assets, and working capital needs.
FRARPA GRANT
SMALL BUSINESS RECOVERY GRANT PROGRAM
Designed to distribute funding to local small businesses who incurred interruption and loss from COVID-19.- Business with less than 10 employees
- Operating in Fall River
- <$750,000 in annual net revenue (19-20) Used toward rent, fixed debts, accoutnts payable, machinery, and working capital.
$
0
mil+
IN PRIVATE INVESTMENT
OVER
0
BUSINESSES HELPED
0
YEARS
OF EXPERIENCE
Need help with your business? We offer:
Development Consulting
Site Selection
Permitting (Local/State/Federal)
State & Federal Incentive Packaging
Housing Development
Grant Writing
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