Introducing MCCI’s new CEO

The Board of Directors of Mill Cities Community Investments is excited to announce that Glynn Lloyd has been selected as its next Chief Executive Officer to replace founder Frank Carvalho. It is great news for MCCI that the board was able to find a leader equally as passionate and visionary as Frank Carvalho to take the organization into the future and to 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,


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 Chief Executive Officer.  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 CEO 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


About MCCI

The mission of Mill Cities Community Investments (MCCI) is to provide appropriate, flexible loan products to low and moderate income persons and families, developers of residential projects, and small businesses.  MCCI lends primarily throughout Essex and Middlesex Counties, with a particular focus on the mill cities of Lawrence, Lowell and Haverhill. MCCI’s goal is to be an effective lender within a functioning infrastructure for regional community development. 

MCCI is certified by the US Treasury as a community development financial institution, holds Massachusetts Banking and Brokerage licenses and is a 501 c3.  As of April of 2017, MCCI is a certified Community Development Corporation.

MCCI Board of Directors June 2020
Kristen Harol: Board President; President, The Life Initiative, Boston, MA. Community Development Investment Fund Lisa Torrisi: Board Member; Director of Kitchen Design Services, Jackson Kitchen Designs
Lisa Kozol: Board Vice President; Director of Development Consulting, Pinck & Co. Yun-Ju Choi: Board Clerk; CEO Coalition for a Better Acre, Lowell, MA.
Arleen Zorilla: Board Member, Asset Building Program Manager, Lawrence Community Works Abbott Lawrence: Board Member; Senior Research Analyst, Mission Capital Partners
Maria Natera: Board Member; Healthy Living Programs Manager, Lawrence Groundworks Wataru Matsuyasu: Board Member; Klein Horning; Affordable Housing & Community Development Real Estate Attorney
Abel Vargas: Board Member; Executive Director, MassHire Merrimack Valley Workforce Board Michele Witts: Board Member; CFO Coalition for a Better Acre, Lowell, MA
Vivian Haydar: Board member, CFO Lawrence Community Works