Mills Cities Community Investments (MCCI) + Foundation for Business Equity is proud to support many Black businesses today. However, we recognize that our work would not have been possible without the struggles and successes of Black entrepreneurs who have come before us. As we recognize and celebrate Black History Month, we would like to uplift a frequently overlooked part of Black history: the significant contributions made by Black business owners to their communities and respective fields, as well as their role in paving the way for future generations. There are many Black entrepreneurs whose stories we will never hear as their stories have been largely ignored and forgotten over time. Therefore, this Black History Month, we will celebrate the enduring legacy of Black entrepreneurs and leaders who have shaped history and continue to make an impact in the present.
TARTTs Daycare
TARTTs Daycare was founded in 1946 by Mrs. Bessie Tartt Wilson. At the age of 19, Mrs. Wilson moved from Alabama to Boston during a period when finding employment for African-American nurses was challenging. To address this problem, Mrs. Wilson established and operated her own nurses’ registry. However, Mrs. Wilson was driven by her passion for caring for children, which prompted her to open TARTTs Nursery School in Dorchester, Massachusetts. The center was renamed TARTTs Day Care Center & Private Kindergarten, and it became well-known in Boston for offering high-quality, culturally sensitive care and education. Currently, TARTTs is a multi-site program offering exceptional care and education to infants, toddlers, and preschoolers under the leadership of Mary L. Reed, Mrs. Wilson’s daughter. Mary established The Bessie Tartt Wilson Initiative for Children (BTWIC) in 2008 to support and advocate for children and families across Massachusetts. The foundation was operational until 2016 and achieved remarkable success in advocating for the rights of low-income children in the state. With four generations of Mrs. Wilson’s family owning and operating the organization, TARTTs serves as a reminder of Mr. Wilson’s legacy as an example of how hard work and dedication can make a difference in the lives of children.
* Information and photo from TARTTs Daycare. Learn more here.
MathTalk
Founded by Omowale (Omo) Moses, MathTalk is an innovative organization that transforms stories, public art, and augmented reality experiences into engaging products and activities that inspire and foster a passion for learning math among adults and children. Omo’s commitment to education and his mission to work with families and communities to create products that encourage children and their caregivers to enjoy math was inspired by his father, Bob Moses. Bob Moses was an educator, civil rights activist, and field secretary for the Student Nonviolent Coordinating Committee (SNCC). He was also the founder of the Algebra Project, which uses math as an organizing tool to provide high-quality education for children across America.
Omo’s experience as a math teacher and his work with The Algebra Project at Brinkley Middle School inspired him to co-found the Young People’s Project. Since 1996, YPP has pursued their vision of offering high-quality education to every young individual, regardless of ethnicity, gender, or social class, preparing them for success. Omo’s commitment to education deepened through his experience as a father, where he saw the importance of early math skills. Through MathTalk, Omo continues to empower children and advocate for the right to access and enjoy learning, continuing his father’s legacy of using education to transform lives.
* Information and photo from MathTalk. Learn more here.
Massachusetts businesses and donors could benefit from $375,000 in state tax credits recently awarded to Nectar Community Investments.
The credits give donors a 50% break on their state taxes for contributions to Nectar, a community development financial institution that assists small-business owners and homeowners with guidance and capital.
The nonprofit works in Massachusetts communities where there’s usually not much access to either.
In a news release Tuesday, Nectar said it received the maximum award under the Community Investment Tax Credit Program of the Massachusetts Executive Office of Housing and Livable Communities.
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Small Business Loan Officer Kristin Wallace recently served on a panel at the City of Lawrence’s Capital Access event, where she connected with local small business owners, startups and aspiring entrepreneurs about how Nectar’s products can support their growth. We caught up with Kristin after the event to hear her perspective on the challenges that small businesses face in accessing capital and what resources are available to them here in Massachusetts.
For small businesses looking to grow, what are some of the biggest barriers in accessing capital?
Many of the entrepreneurs we serve face systemic barriers that go far beyond credit history or collateral. Racism, language access challenges, immigration status, gender bias, and limited access to fair and affordable financial products all contribute to persistent funding gaps. Capable, experienced business owners in historically disinvested communities are often denied capital because traditional financial systems were not designed with their experiences or realities in mind. As a result, entrepreneurs of color, women business owners, and low-income entrepreneurs are frequently underfunded — not because they are underprepared, but because the system itself is not equitable.
What is Nectar doing to overcome those barriers?
Nectar is committed to reimagining how capital flows to historically disinvested communities. We …
Nectar Community Investments, a community development financial institution (CDFI) and community development corporation (CDC), has received $375,000 in tax credits from the Massachusetts Executive Office of Housing and Livable Communities Community Investment Tax Credit (CITC) program. Nectar received the maximum award, which incentivizes donors with a 50 percent refundable state tax credit to support the organization’s work of providing capital, advisory services and other assistance to small business owners and homeowners.
“We’re grateful to the Healey-Driscoll Administration for this impactful award, which recognizes the integral role that CDCs like Nectar play in building generational wealth in Massachusetts,” said Nectar Executive Director Glynn Lloyd. “As we continue in our mission to grow the assets and wealth of underserved communities, we encourage donors across the Commonwealth to take advantage of this win-win opportunity: earning state tax credits while investing in economic mobility, climate resilience and more.”
Since its launch in 2012, the CITC program has been a flexible, unrestricted and integral source of funding for CDCs and civil society organizations (CSO), promoting local innovation and long-term impact. At Nectar, CITC contributions seed new programs and drive innovations, support ongoing programs and operations, fill funding gaps, and leverage other resources. Donors receive a 50 percent …