Andover Townsman, Andover, MA

February 27, 2014

Chamber unveils Access to Capital plan

By Bill Kirk

---- — The Merrimack Valley Chamber of Commerce has announced a new initiative that may enable businesses to gain access to much-needed capital.

The chamber, as part of its Merrimack Valley Chamber Means Business Economic Development Program, unveiled the initiative last month at the annual mayors and town managers breakfast at Andover Country Club.

It is aimed at helping businesses and industries of all types and sizes with their expansion or relocation plans in the Merrimack Valley, Chamber President Joe Bevilacqua said.

“The chamber recognizes that perhaps the most critical question that any business must face is access to capital,” he said. “Knowing this, we’ve organized the Merrimack Valley Chamber Access to Capital Forum, and we extend this invitation to all chamber member banks and credit unions to participate.”

The forum is scheduled for Friday, March 14, starting at 7:30 a.m. for breakfast, followed by a brief speaking program at 8 a.m. It will be held at Sal’s Conference Center on Merrimack Street in Lawrence.

After, local and out-of-town business owners or representatives can sit with local lenders to discuss what options are available to them.

“This will be an amazing opportunity for banks and credit unions to meet current businesses in the valley and those considering a relocation here, to discuss finance opportunities,” Bevilacqua said, adding that representatives of local, state and federal agencies will also be invited, including the New England regional administrator and state director of the U.S. Small Business Association, the state secretary of economic development and the state secretary of labor and workforce development.

For more information or questions, contact Merrimack Valley Chamber of Commerce President Joe Bevilacqua at 978-686-0900 or