Welcome to Black Economic Council of Massachusetts

Welcome to the Black Economic Council of Massachusetts (BECMA) website! We look forward to your support!

The Black Economic Council of Massachusetts is created to support the advancement of the economic well-being of Black-owned businesses, organizations that serve the Black community and Black residents in Massachusetts.

The failed bid for Boston 2024 laid bare the unspoken reality for Boston that even the game's biggest supporters were not willing to include Black residents and other residents of color in the planning process. That experience provided the impetus for the movement that has become Freeze Flame Black Boston 2015: Time for an Inclusive Economy, a compelling data-driven case for drastic, innovative change in the way business is done to advance the economic well-being of the Black community. The presentation is powerful and provocative and has been done for various stakeholders, including business leaders and local elected officials. The largest gathering for the presentation was on November 4, 2015, when close to 700, mostly Black residents, gathered at Prince Hall Grand Lodge in Grove Hall and confirmed that Freeze Frame is on the right track! 

Join, volunteer and donate to the Black Economic Council of Massachusetts today!

People of color represent almost 55% of Boston’s population, of which the majority is Black and Latino, yet the disparity of the economic indicators is alarming. Through a combination of reports issued in 2015 by the Federal Reserve of Boston, The Brookings Institute, The Boston Foundation and the Family Assets Initiative we know the following:

Average Assets Values: Boston Whites $256,500 vs Blacks $700

Boston is the 3rd worst city for income inequality behind Atlanta and San Francisco.

  • Black home ownership in Boston is 32% versus 68% for whites
  • Black unemployment in Boston is double that of whites
  • The fastest growing segment of mobile tech users are Black and Latino, yet their employment rates at the biggest tech firms like Google and Facebook is less than 2%
  • Only 17% of African Americans attain bachelor’s degrees compared to 63% for their white counterparts
  • Of the $24 billion in taxpayer dollars spent on the Big Dig only 2.2% was directed to Minority Business Enterprises

 

The bottom line is that in the past decade alone, billions of dollars have been spent in Roxbury, Dorchester and Mattapan and yet, Blacks are faring worse in every measurable social indicator! Where did the money go and how do we redirect the spending to meet the need? The need for a new and focused agenda on Black economic development and accountability for those responsible in its achievement is widely supported and is long overdue.

One of the exciting ideas born of the Freeze Frame process is the Black Economic Council of Massachusetts (www.becma.org) to support a Black economic agenda in Massachusetts.

Black economic development will require immediate and long term community action, leadership and outside-the-box solutions. We know that there are many people, both within and outside the Black community, who are ready and committed to donate and roll up their sleeves and get to work. This effort will require all of us.

Join, volunteer and donate to the Black Economic Council of Massachusetts today!