The Foundation for Business Equity is excited to share that we have been recognized as one of Boston Business Journal’s top 50 organizations setting Boston’s innovation ecosystem ablaze and the recipient of the Blaze Award in our ecosystem category. We are honored to do the work that we do and thank our dedicated staff, incredible partners, and resilient businesses for helping us receive this recognition.
See our highlight below:
Foundation for Business Equity: This nonprofit, which provides advisory services and capital for business leaders of color, had a strong year. The group picked up new funders, like Bain Capital, which announced a five year, $2.5 million commitment, and the Cummings Foundation, while also continuing its expansion with new participating businesses. 60 local companies have participated in FBE’s Business Equity Initiative with $7 million of growth capital directly invested, helping to create 205 new jobs and $120 million in new revenue.
Great news for Massachusetts homeowners: the Massachusetts Community Climate Bank at MassHousing announced it has surpassed $5 million in Energy Saver Home Loan financing, helping residents cut energy use and boost the value of their homes. Nectar is a proud participating lender — and our Residential Services Director Lissette Paukert is quoted on the program’s impact. Read the press release
Nectar Community Investments has welcomed Boston Ujima Project Executive Director Nia K. Evans as a new board member to be part of their organization. Evans’ role at the Boston Ujima Project focuses on bringing together neighbors, workers, business owners and investors in Greater Boston to build a community-controlled economy. According to Evans, the Boston Ujima Project has “made history as the nation’s first democratically governed investment fund.” Read the article
Our Executive Director Glynn Lloyd joined more than 400 housing, business, and public-sector leaders at the Citizens’ Housing and Planning Association’s annual Housing Summit, where he moderated a panel about Massachusetts’ economic development potential as a hub for modular construction. Read the article
Non-Discrimination Notice:
In accordance with federal laws and U.S. Department of the Treasury policy, this organization is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability.
To file a complaint of discrimination, write to: U.S. Department of the Treasury, Director, Office of Civil Rights and Equal Employment Opportunity 1500 Pennsylvania Avenue, N.W., Washington, DC 20220; call (202) 622-1160; or send an e-mail to: [email protected].