Treasurer Goldberg and Bay State Bank Announce Small Business Empowerment Series

Series will provide valuable insights and resources to empower small businesses

BOSTON – In collaboration with Bay State Bank, State Treasurer Deborah B. Goldberg’s Small Business Initiative (SBI) opened online registration for its 2025 Small Business Empowerment Series. The series includes two free virtual workshops that will help Massachusetts entrepreneurs secure and manage their business finances. Both workshops will be presented in English with live interpretation in Spanish and Portuguese.

The series will kick off on April 23rd, 2025 with recorded remarks from Treasurer Goldberg and Bay State Bank President and CEO Seth A. Pitts and will conclude on April 30th, 2025. During the series, participants will attend virtual trainings presented by experts at Bay State Bank who will cover topics related to mastering financial management, understanding banking services, and securing financing.

"The goal of these workshops is to provide access to the tools and information all entrepreneurs need to succeed,” said State Treasurer Deborah B. Goldberg. “By supporting the growth of independent small businesses, we not only positively impact their development, but also our local communities and the state’s economy in many positive ways. Thank you to our partners at Bay State Bank for investing in this work with us."

"Small businesses have always been the economic engines driving successful communities everywhere. Bay State Bank plays an important role in this journey for countless businesses and entrepreneurs in our communities,” said Seth A. Pitts, Bay State Bank President & CEO. “We are honored to work alongside Treasurer Goldberg’s Small Business Initiative to provide business owners from all starting points and backgrounds with the tools to succeed. This partnership reflects our mutual dedication to supporting local entrepreneurs’ financial education and access to the resources needed to grow, hire, and continue driving our economies. When small businesses succeed, our communities flourish, and together we are doing our part to help businesses across Massachusetts build a strong and sustainable future."

You can register for one or both of the following sessions here.

Mastering Financial Management / Dominar la Gestión Financiera / Domínio da Gestão Financeira

Wednesday, April 23, 2025, 9:00am - 10:15am

Understanding Banking Services & Securing Financing / Entender los Servicios Bancarios y Asegurar Financiamiento / Compreensão dos Serviços Bancários e Obtenção de Financiamento

Wednesday, April 30, 2025, 9:00am - 10:15am

During the Mastering Financial Management webinar, participants will learn how effective financial management lays the foundation for a thriving small business. Presenters will review how to make informed decisions, manage risks, and drive long-term growth, and cover essential financial skills such as budgeting, bookkeeping, cash flow management, and business financing – empowering you to build a financially strong and sustainable business. In the second webinar, Understanding Banking Services and Securing Financing, presenters will explore essential banking and financing strategies. Participants will learn how to identify the right banking services, understand different financing options, and build strong relationships with lenders and financial professionals. Presenters will also cover key topics like the Five C’s of Credit, cash flow management, factors that impact loan approval, business credit, maintaining accurate financial records, and selecting the right financial institution.

About the Small Business InitiativeUnder the direction of Treasurer Goldberg, SBI was designed to provide a range of relevant, important information that is often needed when starting a small business for the first time. Typically, it is challenging to find resources and advisors that can help lead to success. The toolkit and webinars offered by SBI provide valuable educational materials on how to plan, maintain, and grow a successful small business.

About Bay State Bank

Bay State Bank is a preferred financial institution committed to fueling the growth of businesses and entrepreneurs across Massachusetts. As the only bank headquartered in the “Heart of the Commonwealth” Worcester, MA, Bay State Bank connects you to success. For over 130 years, the bank remains a trusted partner, providing innovative commercial, business, and retail banking solutions that empower companies of all sizes to succeed. Bay State Bank’s tailored approach focuses on the principle of doing more together to help businesses reach their goals sooner and achieve long-term success.

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