Business Equity Fund

Glaring gaps exist in access to capital for Black and Latinx businesses.  In Eastern Massachusetts, this equates to a $250 million gap in lending (US Census Small Business Credit Survey Report on Minority Firms).  To address this, the Foundation for Business Equity incubated the Business Equity Fund at the Boston Foundation to provide growth capital.  Since its inception, the fund has doubled in size and has deployed more than $2 million into Black and Latinx businesses.  Additionally, we’ve partnered with other sources of capital such as Berkshire Bank and the Federal Home Loan Bank of Boston to deploy debt capital through Mill Cities Community Investments (MCCI).  Over the last two years, FBE ecosystem partners have deployed over $4 million to participating enterprises. 

Learn more here about the Business Equity Fund.