ED  Massachusetts Growth Capital Corporation

http://massgcc.com





     Office Locations:

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

 

Stages:

  • Expansion
  • Growth


 

Industries:


 

Description:

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
   
   
   
COMPANY STAGEREVENUE
Venture Capital
Seed Stage
(includes "pre-seed," or
concept stage)
No Revenue
Early StageMinimal
Revenue
Growth Stage
(also called Mid-stage)
$2M-$7M
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:


  Accion
    web link


  Blackstone Valley Chamber of Commerce
    web link


  Business Growth Center
    web link


  Carrot Project
    web link


  Center for Women and Enterprise
    web link


  Coastal Community Capital
    web link


  Community Development Partnership and Cape Cod Commercial Fishermen's Alliance
    web link


  Community Economic Development Center of Southeastern MA
    web link


  Community Teamwork, Inc.
    web link


  Cooperative Fund of New England
    web link


  Dorchester Bay EDC
    web link


  Enterprise Center at Salem State
    web link


  Franklin County Community Development Corp.
    web link


  Interise
    web link


  International Institute of New England
    web link


  Jamaica Plain Neighborhood Corp.
    web link


  Local Initiatives Support Corp.
    web link


  Main Street Partners
    web link


  Massachusetts Museum of Contemporary Art
    web link


  Mill Cities Community Investment
    web link


  North Central Mass Development Corp.
    web link


  Pittsfield Economic Revitalization Corp.
    web link


  Quaboag Valley Community Development Corp.
    web link


  South Middlesex Opportunity Council
    web link


  Twin Cities Community Development Corp.
    web link


 

Recent News: