The Quincy 2000 Collaborative

The Quincy 2000 Collaborative is the economic development agency of the Quincy Chamber of Commerce. It is a private, non-profit economic development entity that unites Quincy’s public and private sectors in a common economic development mission. Working together, business and government leaders promote Quincy’s economic vitality and make the city an exceptional place to live, work, invest and visit.

Since 1992, The Quincy 2000 Collaborative has played a vital role in attracting new business to the city, helping existing businesses grow, and providing financial support for new and emerging businesses. Whether it is starting a new business, expanding, or relocating to Quincy, you have a partner in The Quincy 2000 Collaborative and the Quincy Chamber of Commerce. We can help you create a business plan, prepare a loan application or guide you through the complexities of zoning, licensing and permitting requirements.

The Loan Pool

Funded by seven local banks and administered by The Quincy 2000 Collaborative, the $700,000 loan pool provides resources to start or expand a business in Quincy. Ranging from $20,000 to $200,000, loans can be used for machinery and equipment, inventory, working capital, leasehold improvements and other start-up or expansion expenses. Loaned on a term/installment basis, the program fills the gap for businesses that do not qualify for adequate conventional financing.

The program serves all types of businesses – new or existing, service, retail, industrial or commercial – located in the City of Quincy. Since 1992, 60+ businesses have received around $4,000,000 in loans and over 350 jobs have been created.

CDBG Revolving Loan Fund

Funded through the City of Quincy Community Development Block Grant program, The Quincy 2000 Collaborative offers loans and loan guarantees to Quincy businesses that meet the eligibility criteria for micro enterprises and job creation initiatives. A microenterprise is a business that has five or fewer employees (including the owner). The owner must meet specific low and moderate income guidelines set by the federal government and must commit to hiring at least 51% low and moderate-income employees.

Business loans and loan guarantees may be used in conjunction with the Quincy 2000 Loan Pool or commercial bank loans. Funds can be used for machinery, equipment, inventory, working capital, leasehold improvements and other start-up expenses. The Quincy 2000 Collaborative will do a preliminary assessment of eligibility based on established criteria and will review all applications for these limited funds.

For more information about either of these programs, call Quincy 2000’s Senior Coordinator, Gianluca Nigro, at (781) 626-2227, or email him at gianluca@thequincychamber.com. Feel free to also contact the Chamber President, Tim Cahill, at (617) 471-1700 or via email at tcahill@thequincychamber.com. View a full list of our Directors here!

The $700,000 Loan Pool is supported by The Bank of CantonColonial Federal Savings BankEastern BankNortheast Community BankBraintree Cooperative BankSouth Shore Bank, and MountainOne Bank.

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