BECMA: Important Grants to Support Your Business & Join us TONIGHT at Our Members Info Session!

Business

Join us TONIGHT at our Virtual Membership Info Session at 6:30PM to learn more about BECMA’s revamped membership programs for Black professionals and entrepreneurs. RSVP below!
RSVP Here
BECMA is hiring a Membership Coordinator Intern!
The Black Economic Council of Massachusetts is looking for an intern to assist in designing, developing and managing a new membership model. This person will be responsible for assisting with marketing and communicating with members during the acquisition, onboarding and management phases. They will be responsible for supporting all aspects of membership, including collecting and sharing data.

Ultimately, an excellent Membership Coordinator intern should be an outstanding communicator, able to work independently and collaboratively, and has a talent for building strong relationships between members and the organization.

Working closely with the Director of Member Experience and Engagement , this person will have the opportunity to grow their analytical, communication and program management skills. While they may assist with efforts across BECMA, the three main activities:

  • Extending the BECMA membership base and programming;
  • Engaging with current and new members to ensure a welcoming and productive experience; and
  • Gathering data and reporting on BECMA’s membership program and its impact

Learn more about the position here. 

See MA employment opportunities from our partners here.

If you are interested in sending an employment opportunity to us to share with our community, please include a link to apply and a salary range in your email to info@becma.org

By Tori Bedford

“Usually you hear a very negative, dysfunctional narrative about Roxbury,” said BECMA Member Kelley Chunn, founder of the Roxbury Cultural District. “It’s typically violent. It’s not to say that negative things don’t happen, but it’s very one-sided. It’s only one dimension of the community, of the neighborhood.”

Chunn is not the only one hoping to rewrite Roxbury’s narrative.” Read more here.

By Hannah Uebele

BECMA Member Kobie Evans, co-owner of Pure Oasis, Boston’s first recreational cannabis dispensary, joined Boston Public Radio on Thursday as part of the BPR’s ongoing series about local businesses re-emerging from the pandemic. Read more here.

SBA Supplemental Targeted Advance GrantThe SBA’s Supplemental Targeted Advance grant provides the smallest and hardest hit eligible businesses with a supplemental payment of $5,000 that does not have to be repaid.

Even if you have previously received the original EIDL Advance in the full amount of $10,000, you may be eligible for the Supplemental Targeted Advance if you meet eligibility criteria. The combined amount of the Supplemental Targeted Advance ($5,000) with any previously received EIDL Advance or Targeted EIDL Advance ($10,000) will not exceed $15,000.

Completing the Targeted EIDL Advance application is a requirement to be considered for the Supplemental Targeted Advance.

Before applying, make sure your small business meets all the following eligibility criteria:

  • Is located in a low-income community. Use this mapping tool to see if your business is in a low-income community as defined in section 45D(e) of the Internal Revenue Code. The business address must be in a low-income community to qualify, so SBA encourages you to check the map before you apply; and
  • Can prove more than a 50% economic loss during an eight-week period beginning on March 2, 2020, or later, compared to the same period of the previous year. Applicants need to provide gross monthly revenue (all forms of combined monthly earnings received, such as profits or salaries) from January 2019 to the current month-to-date; and
  • Has 10 or fewer employees. This includes sole proprietors, independent contractors, private nonprofit organizations, and others that usually qualify for the EIDL program. However, agricultural businesses, such as farmers and ranchers, are not eligible for the Supplemental Targeted Advance. Farmers and ranchers may still apply for loan assistance through the COVID-19 EIDL program.
Apply Here

Shuttered Venue Operators Grant Application is Open!

The Shuttered Venue Operators Grant (SVOG) program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, and amended by the American Rescue Plan Act.

Eligible applicants may qualify for grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million.

Apply Here

PPP Loan Program is Extended until May 31st, 2021

If you are a minority-owned business, you can get free technical assistance on how to use PPP funds and apply for PPP forgiveness by signing up below or emailing EquitablePPP@gmail.com.  Help will be available in English, Spanish, Chinese, Haitian Creole, and Portuguese.
Apply Here

Comcast RISE Program Opportunity

Comcast is making a multi-year commitment to provide marketing, creative, media, and technology services for Black, Indigenous and People of Color (BIPOC)- owned small businesses. The support focus areas are in advertising and marketing consultations, media, creative production, technology makeover, and a monetary grant.  The application deadline is May 7th, 2021.

You are eligible to apply for this program is your business:

  • Is at least 51% Black, Indigenous, and People of Color (BIPOC)-owned and operated
  • Is independently owned and operated
  • Is registered to conduct business in the US
  • Has been operating for one or more years
  • Is located within the Comcast Business of Effectv service area footprint
Apply Here
The Boston Local Development Corporation (BLDC) has been awarded relief funds by the EDA CARES Act to help the City of Boston Small Businesses navigate the financial challenges brought on by COVID-19.

Loans are available for existing businesses, new ventures, and businesses relocating to the City of Boston. These loans range from $10,000 to $150,000. For Boston companies in the industrial and manufacturing sectors, loans can go up to $250,000.

Funds can be used for working capital, equipment, utilities, expansion, and many other business needs. BLDC loans have flexible terms and there are no prepayment penalties.

Please click here to review BLDC’s Loan Process.

Get Started

Mass Mutual Catalyst Fund: $50 Million for Black businesses 

MM Catalyst Fund (MMCF) will target a dual-prong approach to creating impact on the entrepreneurial environment in Massachusetts: 1) enabling the growth of technology and sustainability-driven business in less-developed regions of the commonwealth and 2) driving growth and capital for business expansion into financially underserved Black businesses.

MMCF is building a diversified portfolio of early-stage and mid-stage Massachusetts companies. Early-stage companies need to have a solid proof of concept, significant market traction or revenue, and standout leadership teams. Mid-stage companies will have established annual recurring revenue of $1 million +, scalable revenue streams, and strong management teams.

Learn More

Restaurant Revitalization Fund
This program provides emergency assistance for eligible restaurants, bars, and other qualifying businesses impacted by COVID-19. Registration for the SBA application portal will begin on Friday, April 30, 2021, at 9 am ET. Applications will open on Monday, May 3, 2021, at noon ET.

Woman/veteran/”historically disadvantaged” businesses will have priority for the first 21 days of the application period. Businesses do not have to provide formal certification that they fit one of these categories, they simply need to self-certify. For businesses with multiple owners, they will need to demonstrate that at least 51% of the ownership meets this qualification.

For important resources to apply for this grant, check out the Independent Restaurant Coalition. Please share this information with any restaurant, bar, cafe, food truck, or similar operator you know and make sure they’re aware of the timeline and to get their applications in as quickly as possible!

Apply Here

Boston Contracting Opportunity Fund
The City of Boston Contracting Opportunity Fund is valued at $750,000. We’re providing grants to Boston-registered businesses. We want to provide a monetary advantage in access to City-contracted projects. Our goal is to increase the quantity and availability of Certified Businesses.

Applicants Must Be :

  • a certified MBE, WBE, VOSB, or SLBE with the City of Boston Equity and Inclusion Unit, or
  • eligible and apply for certification before the Fund closes on May 17, 2021.
Apply Here

Tuesday, May 18th from 1-5pm and Thursday, May 20th from 1-5:30pm

Inner City Capital Connections (ICCC) is a tuition-free program designed by the Initiative for a Competitive Inner City (ICIC) to help small business owners in under-resourced communities survive the economic impact of the COVID-19 pandemic and build capacity and resiliency for sustainable growth.

Apply Here
Become a BECMA Member Today! 
Become a Member Here
Register Here

Join us for a frank conversation about the role companies, executives, employees and customers must all play when we witness acts of injustice or bigotry in our places of work and our communities. Among others, BECMA member Colette Philips will be on the panel discussing the danger of doing nothing but also the economic and societal impact benefits of meeting the moment.

Register Here

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