Last year, we were able to respond to the global pandemic by creating new sources of long-term capital for our members via the Futures Fund program at Berkshire Bank. We also mobilized our partners to create an initiative that connected 1,000 businesses to $15 million in grants and PPP loans and successfully advocated for the equitable distribution of $700 million in state grants, ensuring that 40 percent went to minority-owned businesses. However, our businesses still need access to capital to survive the impacts of the ongoing pandemic. With the support of our funders, BECMA has awarded $175,000 in small grants to 40 Black businesses and $15,000 in grants to several entrepreneurs exploring opportunities in the electric vehicle space, as we also work to help Black founders start ventures in emerging industries.