ED  Massachusetts Growth Capital Corporation


     Office Locations:

529 Main Street
Schrafft Center, Suite 1M10
Charlestown, MA 02129
Phone: 617-523-6262
Fax: 617-523-7676



  • Expansion
  • Growth





The Mission of the Massachusetts Growth Capital Corporation is to create and preserve jobs at small businesses, women and minority owned businesses, and to promote economic development in underserved, gateway municipalities and low and moderate income communities. In 2010, Governor Deval Patrick signed into law an economic development bill designed to help small businesses create jobs, in part by providing greater access to capital through the creation of the Massachusetts Growth Capital Corporation. New capital of $35,000,000 was provided. Formation of MGCC involved consolidation of the Massachusetts Community Development Finance Corporation (CDFC) and the Economic Stabilization Trust (EST). MGCC provides a centralized resource at the state level that offers working capital, loan guarantees, and targeted technical assistance to solve specific financial and operational problems. MGCC will provide 50 % of the cost of such assistance while the company being assisted will invest the other 50%.

Investment Firm Key

   VC = Venture Capital
   PE = Private Equity
   A = Angel
   I = Incubator
   MB = Merchant Bank
   VD = Venture Debt
   FI = Family Investment Office
   FOF = Fund of Funds
   ED = Economic Development Office   
   TT = Technology Transfer Office
   CVC = Corporate Venture Capital
   SEC = Secondary Purchaser
   HF = Hedge Fund/Mutual Fund
Venture Capital
Seed Stage
(includes "pre-seed," or
concept stage)
No Revenue
Early StageMinimal
Growth Stage
(also called Mid-stage)
Expansion Stage
(also called Late-stage)
$7M and greater
Private Equity
Lower Middle Market$10M-$249M
Middle Market$250M-$499M
Upper Middle Market$500M-$1B
Large Cap>$1B

Investment Team:

Name   Title
Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
Bill Delorfano Chief Lending Officer
Lawrence D. Andrews President
Leslie Belay Senior Program Manager
Neil Martin Chief Operating Officer and Chief Financial Officer


Portfolio companies include:

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  Blackstone Valley Chamber of Commerce
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  Business Growth Center
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  Carrot Project
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  Center for Women and Enterprise
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  Coastal Community Capital
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  Community Development Partnership and Cape Cod Commercial Fishermen's Alliance
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  Community Economic Development Center of Southeastern MA
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  Community Teamwork, Inc.
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  Cooperative Fund of New England
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  Dorchester Bay EDC
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  Enterprise Center at Salem State
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  Franklin County Community Development Corp.
    web link

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  International Institute of New England
    web link

  Jamaica Plain Neighborhood Corp.
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  Local Initiatives Support Corp.
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  Main Street Partners
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  Massachusetts Museum of Contemporary Art
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  Mill Cities Community Investment
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  North Central Mass Development Corp.
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  Pittsfield Economic Revitalization Corp.
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  Quaboag Valley Community Development Corp.
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  South Middlesex Opportunity Council
    web link

  Twin Cities Community Development Corp.
    web link


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