In 2023, we launched BCI to build a sustainable, inclusive, and equitable economy by investing capital into local enterprises to spur growth and help close the racial wealth gap.
BECMA Community Investments provides a sustainable, inclusive, and equitable source of capital for local enterprises to enable their growth and stability.
Our membership community includes individuals, businesses, and other organizations committed to closing the racial wealth gap, including entreprenuers and professionals, small businesses, and ally organizations such as nonprofits, corporations, foundations, hospitals, universities, venture capital firms, insurance companies, and government agencies. BECMA members come from diverse backgrounds and areas of expertise, united with a goal to empower the Massachusetts Black economy.
Policyand Advocacy
And Still We Rise
BECMA and Boston Impact Initiative were proud to invest $325,000 in And Still We Rise (ASWR), the first grantee of the BCI initiative.
ASWR’s mission is to dismantle oppressive systems and liberate marginalized people by providing culturally affirming psychotherapy, consultation, and life-coaching services. ASWR prioritizes individuals and communities that have been historically marginalized by the mental health field, including women, BIPOC, and LGBTQIA+ individuals.
ASWR has experienced rapid growth since its inception in 2020, but was not able to access traditional financing. The firm had to turn to short-term facilities at an extremely high interest rate, which threatened the long-term viability of the practice.
PYNRS Apparel
For PYNRS founder Sidney Baptista, it took seeing another Black man running to consider distance running as an option.
Soon, he found himself immersed in Boston’s running scene and training for a marathon. His love and dedication for the sport led Sidney to create PIONEERS Run Crew in 2017 to bring running to his Dorchester neigborhood with the goal of normalizing running in the Black and Brown community.
PYNRS’ mission is to reshape the running industry by centering the experiences of people of color in our product development, marketing, storytelling and by bringing Black ownership to an industry where it doesn’t exist.
Eduporium
Eduporium is a fast-growing EdTech company that helps educators bring meaningful STEM and STEAM learning into the classroom. Through customized technology solutions, partnerships, training, and grants, we make innovative, hands-on learning more accessible and affordable for schools and organizations.
Better Together Brain Trust (BT2)
Better Together Brain Trust is a renewable energy company dedicated to strengthening the electrical grid and accelerating the transition from fossil fuels. They focus on installing electric chargers across Massachusetts, facilitating a cleaner, more sustainable energy future.
City Sealcoating
City Sealcoating is a full-service asphalt and pavement maintenance company. They are servicing a unique segment of the market and offer sealcoating, line striping, crack sealing, paving, and snow removal services.
" Black employer firms are 10x wealthier than Black non-employer peers."
— Dr. Andre Perry, Brookings Institution.
Press Releases
Black Economic Council of Massachusetts and Boston Impact Initiative Announce $325,000 Investment in Mental Health and Consulting Practice And Still We Rise
Black Economic Council of Massachusetts and Boston Impact Initiative Announce $325,000 Investment in Mental Health and Consulting Practice And Still We Rise Pilot phase
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