Press Release: 4/23/2026

Driving Growth Through Investment, Support, and Regional Leadership

Posted on April 21st

Behind every strong local economy are the tools, resources, and partnerships that help businesses grow and that’s exactly where our work continues to make an impact.

Expanding Access to Small Business Funding

Through the North Central Massachusetts Development Corporation (NCMDC), we’re helping entrepreneurs access the capital they need to succeed, especially those who may not qualify for traditional financing.

Right now, the NCMDC manages 90 active loans totaling over $3.3 million, representing a significant investment in our local business community. Since October 2025 alone, we’ve closed 5 new loans totaling more than $280,000, supporting projects that have helped create or retain 49 jobs across the region.

These investments go even further by leveraging additional private funding, amplifying the impact of every dollar. And with more than $1.4 million currently in the pipeline, we’re seeing strong momentum continue into the year ahead.

Providing Hands-On Business Support

Access to funding is just one piece of the puzzle. Our economic development team also works directly with businesses to help them grow and succeed.

In just the first quarter of the fiscal year, we’ve delivered over 400 hours of technical assistance to local entrepreneurs, from startups to established companies looking to scale. This includes support with loan preparation, marketing strategies, and connecting businesses with the right partners and resources.

By combining direct support with a strong network of resource partners, we’re helping create long-term, sustainable growth across our region.

Launching a New Era for Tourism

We also marked a major milestone this year with the launch of North Central Massachusetts’ first Tourism Destination Marketing District on January 1, 2026.

This new, business-led initiative gives participating hotels a stronger voice in how tourism marketing funds are used, creating a more sustainable and locally driven approach to attracting visitors. While funding will begin rolling out later this spring, planning is already well underway.

This model not only strengthens our tourism strategy but also positions the region to compete more effectively for visitor spending, bringing new energy and economic activity to our communities.