Governor Baker Appoints Two New Members to MGCC's Board of Directors

Jul 09 2019
Rafael Diaz-Granados and Thomas N. O'Connor

Press Release:

BOSTON – July 9, 2019Massachusetts Growth Capital Corporation (MGCC) announces the appointment of two new members to the organization’s Board of Directors by Governor Charlie Baker.  Joining the Board are Rafael Diaz-Granados, an accomplished Fortune 10 Senior Executive, Board Director and Leadership Consultant, and Thomas N. O’Connor, Esq., Co-Founder and President of Baystate Wealth Management, LLC.

“We are thrilled to welcome Rafael and Tom to the Board of Directors,” said MGCC Board Chair Nam Pham. “They are not only business leaders with great experience but have a desire for public service. We are grateful for their help.”

MGCC is a quasi-public corporation of the Commonwealth working to create and preserve jobs at Massachusetts small businesses, women and minority owned businesses, and to promote economic development in Gateway Cities, underserved and, low and moderate income communities. 

“Rafael and Thomas are welcomed additions to the MGCC Board,” said MGCC President Larry Andrews, “We are very fortunate to have them on our team. Both bring a wealth of experience and expertise that will benefit MGCC as it continues to serve small businesses that create jobs and promote economic development for all in the Commonwealth.”

Rafael Diaz-Granados

Mr. Diaz-Granados brings significant business experience and leadership skills to MGCC having successfully led multi-billion dollar country P&L’s, and growing, restructuring and optimizing international businesses. Mr. Diaz-Granados served in several regional and country executive roles for General Electric (GE) between 2000-2014. He's been actively investing in early stage companies since 2009, providing operating advice in the private equity space and guiding entrepreneurial leaders in strategic business development. Prior to GE, he focused on law at O’Melveny & Myers in New York and Covington & Burling and the US Securities & Exchange Commission in Washington D.C. Currently, Mr. Diaz-Granados helps Cetan Investments clients solve their most pressing leadership needs and serves as Vice-Chairman of the Board of the Latino Corporate Directors Education Foundation. He is a graduate of both Georgetown University and Harvard University. He resides in Hopkinton with his wife Sonja and their three children.

Thomas N. O’Connor, Esq.

As President of Baystate Wealth Management, LLC,, Mr. O’Connor is charged with overseeing and developing the business. After nearly 30 years of practicing law, Mr. O’Connor retired from Hale and Dorr of Boston, MA to co-found a federally registered investment advisory firm, which he sold in 2008. Shortly thereafter, he joined Baystate and began assisting with the firm as it built-out its wealth management platform. He graduated cum laude from St. Lawrence University and cum laude from Albany Law School of Union University. Mr. O’Connor resides in Boston with his wife Julie and currently serves on the Board of the Baystate Financial Charitable Foundation, is active with the Friends of Special Olympics on the North Shore and with the ALS Association Massachusetts Chapter.

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About Massachusetts Growth Capital Corporation

MGCC is a central state resource that offers working capital, loan guarantees, and targeted technical assistance to solve specific financial and operational problems for local businesses.  MGCC works with traditional financial institutions to make challenging loans bankable, working with community development corporations and other non-profits to provide financing for job-producing projects, and assisting a wide range of small businesses find the growth capital they require.  Since inception in 2010, MGCC has served over 7,400 small businesses and positively impacted more than 19,200 jobs with customized financial commitments totaling over $122,000,000.  For more information, visit, follow us on Twitter @MassGCC and LinkedIn, and subscribe to our email list.


Further Coverage:

Banker & Tradesman

State House News Service

Wicked Local Hopkinton