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SMALL BUSINESS INVESTMENT COMPANIES HAVE INVESTED NEARLY $1.1 BILLION IN MASSACHUSETTS OVER THE LAST 5 YEARS.

Small Business Investment Company Impact in Massachusetts

  • SBICs have invested in 229 small businesses in Massachusetts since 2018.
  • SBICs have invested $1.086 billion in Massachusetts small businesses since 2018, with $244.4 million invested in FY 2021 alone.
  • Massachusetts businesses that received financing from SBICs in 2022 supported 4,013 employees.

A sampling of the Massachusetts-based companies that have received SBIC financing:

Certica Solutions (Wakefield)

Certica Solutions is the innovator of the Certica Connect™ platform which provides application interoperability and centralized integration, access and enrichment of education data, metadata, and content. The company partners with a diverse network of K-12 application and system vendors, as well as learning content and assessment providers. Certica also delivers solutions directly to more than 500 school districts and numerous charter school organizations, state education agencies, and educational service agencies. Certica is based in Wakefield, Massachusetts and has offices in Harvard, Massachusetts; Cincinnati, Ohio; and Austin, Texas.

  • SBIC Investment: $4,986,843

 

Vision Government Solutions (formerly Vision Appraisal Technology LLC) (Hudson)

Vision Government Solutions is a leading supplier of land parcel management software technology and services to local government organizations, enabling efficient assessment, billing, collections, mapping, and permitting. Vision’s domain expertise comes from over 40 years’ experience providing local assessors, tax authorities, and administrators the customized applications, data, and mass appraisal services they need to ensure compliance in their unique local jurisdiction. With over 450 client installations across thirteen states, ranging in size to over 1.5 million parcels, and more than 2,500 successful reassessment service projects, half of its customers have partnered with the company for an average of 25 years.

  • SBIC Investment: $5,500,000

 

TimeTrade (Tewksbury)

TimeTrade creates conversations that drive business. The company equips businesses to provide personalized service to every customer, every time, creating a service guarantee that improves customer satisfaction, loyalty and retention, and increases sales growth. TimeTrade’s leading-edge Customer Engagement Cloud, an enterprise platform delivered through a worldwide cloud-hosting network, provides omnichannel and mobile application tools for managing the most critical part of the customer journey: the live conversation. It includes several tightly integrated modules for online appointment scheduling, queue management, and data-rich analytics and reports.

  • SBIC Investment: $7,250,000