Driving economic equity and prosperity for Massachusetts to achieve inclusive growth through advocacy, programming, and strategic partnerships that enable Black-owned businesses and Black communities to thrive.
Nurture start-ups and support existing entrepreneurs, providing them with finances and resources to overcome the racial wealth gap.
Focus on workforce development, particularly in high-growth industries, and place Black people in decision-making roles in management and board positions.
Increase the level of homeownership and business owners’ equity stake in their enterprises.
Prioritize support for Black business owners in providing their goods and services to either retail or corporate buyers.
The Black Economic Council of Massachusetts (BECMA) drives economic equity and prosperity for Massachusetts to achieve inclusive growth through advocacy, programming, and strategic partnerships that enable Black-owned businesses and Black communities to thrive.
The organization was born out of the singular desire to solve a growing crisis. A group of committed community leaders organized a mass meeting after the Federal Reserve Bank of Boston released “The Color of Wealth in Boston” report, which detailed the yawning racial wealth divide. That meeting, which took place at the Prince Hall Grand Lodge in Dorchester, rallied more than 700 Black Boston residents, all with a focus on solutions to the emergency that the report made plain. It was at this meeting and others that BECMA was born.