Illustration: Gabriella Turrisi/Axios With a new investment, business leaders are trying to make sure Black-owned businesses in Massachusetts aren’t left behind in the COVID-19 pandemic recovery. Why it matters: The federal government is pouring billions into states to reduce inflation, boost public infrastructure and address tech manufacturing hurdles . But business leaders worry Black owners won’t see any of that money. Many were left out of pandemic relief funding , and small businesses tend to lack the administrative resources to navigate often complicated application processes for funding and work opportunities. What’s happening: The Black Economic Council of Massachusetts is investing $750,000 from the Rockefeller Foundation in small grants, administrative resources and bidding help, says President Nicole Obi. The foundation will send BECMA the money in yearly installments of $250,000 through 2025. Obi says the Rockefeller funding will support business owners with short-term hurdles while helping those companies scale up and potentially vie for federally funded grants and contracts so they don’t end up left out again. What they’re saying: "It wasn’t too long ago … We can look back two years ago and see money that was meant to help to revive and restore the economy didn’t end up […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
