Small Business Financial Assistance Programs

The City of Salem is dedicated to neighborhood economic development through efforts to revitalize commercial districts, improve exterior building facades, and assist local business owners.  

The Department of Planning and Community Development works to bring new employers to the city, while retaining jobs by helping existing businesses improve their commercial infrastructure or expand operations. The improved vitality in our neighborhoods and downtown commercial districts has the residual effect of providing goods and services locally, stabilizing neighborhoods, as well as improving public safety.

The City of Salem, through its Department of Planning and Community Development provides financial assistance to local business owners with a Business Loan Program and Storefront Improvement Program.

For more information or if you need assistance please contact:

Department of Planning and Community Development
120 Washington Street, 3rd Floor
Salem, MA 01970
(978) 745-5685

Resource Links

City Programs:

State Resources:

  • MassDevelopment - The state’s economic development and finance agency, works with businesses, nonprofits, financial institutions, and communities to stimulate economic growth across the Commonwealth.
  • MA Growth Capital Corporation (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.

Federal Resources: