Massachusetts is home to a rich set of small business resources, but many do not reach small businesses owned by entrepreneurs of color. These small businesses, particularly those owned by Black, Latinx, immigrant and low-income entrepreneurs have been fueling the state’s economy, but they are more vulnerable in recessions. The COVID-19 presents a unique opportunity to build an equitable ecosystem that centers entrepreneurs of color and positions them to contribute to the Massachusetts economy at their full potential.
We imagine a Commonwealth that aggressively cultivates and supports under-resourced small businesses to survive the economic effects of the coronavirus pandemic, and makes sustained investment to make Massachusetts a welcoming and fertile place for such businesses to grow their capacity, resilience, economic power and impact.
ACCESS TO CAPITAL
POLICY & RESEARCH
Underserved owned businesses assisted with PPP applications
Underserved small businesses assisted with MGCC Grant applications
Million for Small Business Technical Assistance
Million for CDFI/CDC small business lending
Million grant program with focus on equity
ABOUT THE COALITION
The Coalition for an Equitable Economy, initially formed by a steering committee of small business support organizations and leaders, seeks to convene and partner with a broad cross-sector coalition of stakeholders from across Massachusetts aligned around a shared commitment to building an equitable small business ecosystem and to the values of racial equity, collaboration, and shared leadership.