Local Chambers of Commerce Get Grants to Increase Business Growth

February 12, 2019

HYANNIS – Two local business organizations are getting Regional Economic Development Organization (REDO) grant awards from the state.

REDO was established to stimulate regional business growth by assisting organizations across Massachusetts that serve local businesses.

In partnership with the Legislature, program funding increased in FY 2019 to $1 million, a level that has been maintained in the FY 2020 budget filed by the Governor last month.

The Cape Cod Chamber of Commerce and the Plymouth Area Chamber of Commerce received $65,000 in REDO funding to support their work on the Blue Economy, a project that has leveraged support from Woods Hole Oceanographic Institute, the EDA and other regional stakeholders.

Together, the two chambers serve 32 cities and towns.

Since 2015, more than $2.8 million has been awarded to regional agencies that provide networking, marketing, educational and other supports to businesses in their regions.

So far this year, REDO has given 10 awards totaling $900,000 to 12 organizations and is conducting an ongoing review of applications.

“Our Administration remains committed to creating jobs and helping small businesses thrive,” said Governor Charlie Baker.

“REDO provides a foundation for regional chambers of commerce and economic development groups to support businesses in their area, and adds a valuable option to our toolbox to stimulate growth across the Commonwealth.”

“Supporting regional business networks with programs like REDO strengthens the economic health of Massachusetts, and aligns with our Administration’s belief in empowering communities to respond flexibly to their unique needs and challenges,” said Lt. Governor Karyn Polito.

“It’s a pleasure to be here today to meet the awardees and discuss this important program, and I thank Senate President Spilka for her leadership and passion in working with our Administration to make it a priority.”

REDO offsets operational expenses for grant recipients, and awardees must support regionally-based business development efforts.