BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC
Programs
Program 1 [2020]
SMALL BUSINESS TECHNICAL ASSISTANCE: OUR BACK-OFFICE SUPPORT PROGRAM CONNECTS MICRO AND SMALL BLACK-OWNED BUSINESSES WITH RESOURCE PROVIDERS AT NO COST TO THEM. PROVIDERS INCLUDE BLACK ACCOUNTANTS, ATTORNEYS, DIGITAL MARKETERS, AND ALLY COMPANIES LIKE DRIFT FOR WEB SUPPORT.GeographiesNot indicatedDatesJan 1, 2020 – Dec 31, 2020Source990No causes providedNo populations provided–$213.3KSupport for Black Led Firms
SUPPORTS MASS BASED BLACK LED FIRMS VIA GRANTS, BACK-OFFICE SUPPORT, AND DIGITAL SOLUTIONS. ADVOCATES FOR ACCESS TO ADEQUATE & AFFORDABLE CAPITAL, EQUITABLE PROCUREMENT AND INCLUSIVE WORKFORCE DEVELOPMENT.GeographiesNot indicatedDatesJan 1, 2024 – Dec 31, 2024Source990No causes providedNo populations provided–$3.8MCommunity Loan Program
THROUGH ONE OF THEIR WHOLLY-OWNED SUBSIDIARIES, BCI, THE ORGANIZATION MAKES LOANS TO MEMBERS OF THE COMMUNITY THEY SERVE. BCI HAS AN INVESTMENT COMMITTEE THAT REVIEWS THE APPLICATIONS AND DUE DILIGENCE PACKETS OF EACH ENTITY THAT APPLIES FOR A LOAN, AND THAT THE COMMITTEE CONSISTS OF SIX MEMBERS WITH EXTENSIVE EXPERIENCE. IN 2024, THE ORGANIZATION ISSUED SIX LOANS TOTALING $540,412 AND RECORDED INTEREST INCOME FROM THESE LOANS OF $6,895.GeographiesNot indicatedDatesJan 1, 2024 – Dec 31, 2024Source990No causes providedNo populations provided––
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