The federal agency provides loans to small businesses to help them grown. Wendell Davis, the Region I New England administrator, said that capital component is what ultimately sinks many businesses as the owners just try to squeak by without putting in needed investment.
Donna Hanson has been following Officer Darren Derby on Facebook for a few years now. And she's been following the progress he has been making in his push to purchase an ice cream truck.
Friday morning, the owner of Balderdash Cellars was prepping for a wine tasting on Saturday and she heard Derby talking on the radio. And she knows every little bit helps.
Carr Hardware won the small business of the year award from Independent We Stand.
And in turn, the splash park project for Clapp Park is a winner. Carr Hardware won the "Indie Award" from the business organization and the local company pledged to donate the $5,000 cash prize to Rotary's efforts to build a new splash park.
Carr Hardware is the only business in Massachusetts to make it to the quarterfinals of the "Independent We Stand Small Business of the Year Award."
And, if they win they plan on donating that money right back into the community. Carr Hardware says the small business organization Independent We Stand is giving out $5,000 to this year's winner. If Carr Hardware gets it, it will be donated toward building a new splash pad at Clapp Park.
Food is not just sustenance for the human body, but can be for an entire neighborhood.
That's what a group of community organizers in the Morningside area believe. The Morningside Up initiative is what has came out of a $75,000 planning grant from the Kresge Foundation and those involved are now patiently waiting for the fall to see if another round of funding will take their plans and turn them into reality.
Adam Vartikar grew up in a family-owned business in Brookline and now his parents are looking to retire.
But he, nor any of his siblings, want to run it. Vartikar has a close relationship with the employees and doesn't want to see his parents close the doors or sell out to an company which will move it away. So he thought he'd help sell the business to the workers. He found out it is not that easy.
Local developer David Moresi envisions filling the former Excelsior Mill on Roberts Drive with a thriving community of entrepreneurs, businesses and artisans.
He expects to make announcements in the coming weeks about new tenants that are already in the works and will begin aggressively marketing the complex.
Wednesday capped a monthslong effort by a local team headed by City Councilor Benjamin Lamb and Events Coordinator Suzy Helme that first nominated North Adams. The city joined seven other communities selected from 14,000 nominations as semifinalists last fall.
It's all over but the counting for five communities hoping to become this year's Small Business Revolution - Main Street winner.
The city's weeklong push to collect as many votes as possible toward the $500,000 economic development boost ended at midnight on Thursday.
The post on the Small Business Revolution's Facebook page appeared about 3 p.m. showing North Adams as moving up from third to second place among the five finalists. Then it inexplicably disappeared, leaving the latest update on Tuesday with the city still in third place as of 10 a.m.
A third of the way through voting for a $500,000 downtown boost, North Adams is sitting right in the middle of the five final communities.
The city was selected as a finalist last Thursday morning for a chance at the second season of Deluxe Corp.'s Small Business Revolution — Main Street.
North Adams has been named one of five finalists for a half-million dollar downtown boost.
The announcement was made early Thursday morning on Facebook Live by the Small Business Revolution initiative. More than two dozen supporters were at the Holiday Inn to cheer the results.
The Small Business Revolution is a movement spearheaded by Deluxe Corp. to highlight the challenges and opportunities of small towns and local businesses across the nation. For the second year, it's picking one small town to highlight. North Adams made the semifinals along with seven other communities for a visit by the team and Amanda Brinkman, Deluxe's chief brand and communications officer.
Local officials are encouraging residents to put a smile on this Thursday and Friday to welcome representatives from the Small Business Revolution.
The program is doing a scouting trip in and around the downtown this week to weigh the possibility of North Adams making the final cut for a $500,000 downtown marketing and makeover boost.
North Adams is the running for a $500,000 boost to benefit its downtown and small businesses.
The city is one of eight semi-finalists for the Small Business Revolution on Main Street challenge, selected from 14,000 entries.