CHSR receives funding to evaluate the Small Enterprise Economic Development Program
In July, CHSR was awarded funding to evaluate early-stage outcomes of the Small Enterprise Economic Development (SEED) program. SEED is a “character-based” lending program designed to offer an alternate means of supporting and financing entrepreneurs who are unable to obtain start-up capital through traditional sources. Operating as a partnership between Empire State Development, SUNY Albany, and the State Employees Federal Credit Union, the program offers entrepreneurs support and mentorship, as well as loans of up to $35,000 that are approved using a character-based criteria system. CHSR will conduct research on the character-based model developed by SEED and examine how both the lender and the entrepreneurs are performing under the program.