Patricia M. Jorge comes from a long lineage of cooks; her grandmother owned a successful street cart business for 30 years in San Cristobal of the Dominican Republic. Patricia would help her grandmother season the food after school as a child. In addition, Patricia’s mother, Deyanira, is in high demand in the Lawrence community for her recipes and catering. Consequently, Patricia’s passion for cooking came at an early age. In November 2019, she opened Joy Empanadas in Lawrence, MA, to share her passion for cooking with her community.
Ms. Jorge first came to Mill Cities Community Investments (MCCI) in January 2019. She shared with us her dream of opening a one-of-a-kind eat-n-go eatery that shows off an authentic blend of Latino flavors in a modern and fun atmosphere here in Lawrence, MA. As you can see from the pictures above, she has accomplished her dream.
Some of Patricia’s challenges were a lack of access to capital and education to plan for and run her business effectively. MCCI helped Patricia write a business plan and financial projections to qualify her for an MCCI Lawrence Venture Fund loan of $70,000 to purchase equipment, outfit a space, and to launch Joy Empanadas. Patricia also took advantage of MCCI’s 8-hour Bookkeeping course, which qualified her business for a $1,000 MCCI technology grant. She used this grant to purchase a Point of Sales system to better track her business sales, inventory, and cash flow. In 2020, Patricia planned to take MCCI’s 9-hour QuickBooks training to put more training into best practice.
Joy Empanadas officially opened its doors on November 1st, 2019, and it now employs five hardworking individuals, including Patricia, her mother, and her sister. The business has already become a bright spot in the community that represents the culture and flavors of Ms. Jorge’s heritage.
Nectar Community Investments, with the Boston Foundation and the Local Enterprise Assistance Fund, provided a $900,000 financing package for construction and launch of a Vicente’s Supermarket branch at 452 Mount Pleasant St.
Vicente’s estimates the store has created about 30 construction jobs through 10 contractors, most owned by people of color.
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Fourth Vicente’s supermarket brings jobs, access to healthy food to South Coast community
Nectar Community Investments, in partnership with The Boston Foundation and Local Enterprise Assistance Fund (LEAF), has provided a financing package for the new Vicente’s Supermarket in New Bedford, Mass. The New Bedford store, which opened today as the company’s fourth location, mirrors the approach of its Brockton and Pawtucket, R.I., markets: located in a low- to moderate-income community adjacent to a food desert and making healthy food accessible to historically underserved neighborhoods.
“We’re proud to help provide this critical financing to Vicente’s Supermarket as the company expands into New Bedford,” said Nectar Community Investments Executive Director Glynn Lloyd. “Small businesses are the backbone of the Massachusetts economy, and Vicente’s exemplifies that definition: providing healthy food access, creating jobs and positively impacting the community. Thank you to our ecosystem partners at The Boston Foundation and LEAF as well for teaming up with us to make this financing possible.”
“In Brockton and Pawtucket, Vicente’s markets are not only meeting a critical need for food — they are central hubs in their communities,” said Orlando Watkins, Vice President and Chief Program Officer at the Boston Foundation. “The Boston Foundation has a longstanding history …
Nectar’s Executive Director Glynn Lloyd spoke to The Bay State Banner about our organization’s innovative approach and a recent award from the CDFI Fund to help fuel our work. Learn more about patient capital, the Business Equity Initiative for Diverse Developers, environmental justice efforts and more in this story.