|
NStar
-
(helping businesses to save money through
energy efficiency)
Boston Connects – (showing Newmarket businesses
how being in the Emplowerment Zone qualifies them for
large amounts of federal tax credits)
Boston Buying Power – (combining the purchasing
efficiency of Boston’s businesses to reduce their
utility costs and give them long-term rate stability)
BIDFA – (the Boston Industrial Development
Financing Authority issues bonds to finance the capital
needs of Boston’s businesses. Bonds may be used to
finance construction, capital expenses and working
capital needs resulting from expansion.)
Microloan Boston - (A $350,000. loan pool
designed to support entrepreneurs and existing
small businesses in Boston’s Empowerment Zone. Eligible
businesses can apply for loans between $5,000. and
$25,000. to assist with working capital needs such as
inventory and leasehold improvements)
BLDC – (the Boston Local Development Corp.
provides loans of up to $150,000. for businesses in or
relocating to the City of Boston. These loans can be
used when buying a new business property,
purchasing equipment and machinery, constructing an
addition to an existing plant, making leasehold
improvements or providing working capital to grow your
business.)
Backstreets Backup Loan Program – (This program
provides favorable financing up to $250,000. to
eligible Backstreets businesses within the City of
Boston. The Program provides favorable and
flexible terms and conditions on loans that vary
based on the size of the loan request and the strength
of the company’s finances.)
GreenTech Initiative - (developed in 2008 to
assist businesses in implementing energy efficiency and
renewable energy strategies)
DND-Office of Business Development – (This City
department provides entrepreneurs and existing
businesses with access to financial and
technical resources.)
Many Newmarket businesses attended the
Expo, taking advantage of this opportunity to forge
relationships and begin the process for essential
business improvements.
The enthusiasm of those that attended
including many who commented that it was “one of the
most productive events they have ever been to” has led
the BRA and the Newmarket Business Association to begin
the planning process for a second Expo to take place in
the fall.
If you missed the first one, be sure to
keep an eye out for the scheduling of the next. In the
meantime, for more information on any of the programs
mentioned, please contact Sal DiStefano, BRA Senior
Manager for the Industrial/Commercial Sector at
617-918-4338. |