The Board of Directors of Mill Cities Community Investments is excited to announce that Glynn Lloyd has been selected as its next Executive Director to replace founder Frank Carvalho. It is excellent news for MCCI that the board found a leader equally as passionate and visionary as Frank Carvalho to take the organization into the future and continue to grow its impact. For more on Glynn’s professional background, click here.
It is with great enthusiasm and humility that I take on the role of Executive Director for MCCI. Founder Frank Carvalho and team have built an incredibly impactful community institution that has provided capital and other services to those with less traditional access.
As a small business owner and more recently as Executive Director of the Foundation for Business Equity, I know first hand how challenging it is for our community and specifically our business owners to build net worth. The last 12 months have shined a spotlight on how important the work of MCCI is and I am honored to be in a role to continue and grow that legacy.
I look forward to connecting with you directly in the work,
-Glynn
On behalf of the Board of Directors, I am thrilled to usher in the next phase of MCCI with the announcement of Glynn Lloyd as our new Executive Director. Glynn and the Foundation for Business Equity have been close partners already with MCCI in bringing financial resources and technical assistance to businesses in the Merrimack Valley. We faced a daunting challenge in seeking a new leader to step into the shoes of our visionary founding Executive Director and are deeply and eternally grateful to Frank Carvalho for his wisdom, experience, passion and perseverance. We are excited to bring on an equally visionary, entrepreneurial, mission driven, and effective leader who will nurture that vision and build on it.
-Kristen Harol, Board President
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. Read the Article
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.
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