The annual meeting is an opportunity to update our members and supporters on our accomplishments from the previous year, to highlight our plans for the coming year, and celebrate the people and the organizations that are making the Commonwealth a better place for Black businesses.
In 2015, the Federal Reserve Bank of Boston published its "Color of Wealth in Boston" report detailing the ever-
widening racial wealth gap. The alarming report prompted almost 1,000 Black residents to fill the Prince Hall auditorium where the community discussed how best to respond to this crisis. Following several meetings that occurred in the aftermath of this gathering, several key leaders formed BECMA to build on the momentum and enact tangible solutions to reverse the trend of depreciating Black wealth in the city.
We spent the interim years laying the foundation for what BECMA has become today. Each year, we sent a communication to our members letting them know the different work our Interim Executive Director had accomplished in the areas of public policy and organizational stability. In 2019, we held our first Annual Meeting at the Boston Convention and Exhibition Center to help kick off the Mass Black Expo. We were proud to welcome over 300 people and to feature Donna Brazile as our keynote speaker.