Fab Lab comes to Dudley Square Roxbury Innovation Center
Fab Lab, a key component of the Roxbury Innovation Center, opened this week. It is a digital fabrication workshop containing tools such as a laser cutter and 3D printer that help entrepreneurs put concepts to work to see if a vision for a product can be realized.
SBA officer looks to expand lending to local small businesses
Boone is the SBA Massachusetts District Office Lead Lending Specialist. She joined the office in June 2015, coming up from the D.C. offices and a lifetime spent in Virginia. One of her main jobs is to work with local banks to make sure they continue to provide the money for the loans that fuel the SBAs many loan programs, which often are the main chance for local small businesses to get the capital they need to survive, grow or succeed.
Firm uses weightlifting to build employment skills
Many students graduate from business school hoping to start their own companies, with dreams of flowing revenue and impressive bottom lines. Jon Feinman, founder of Dorchester’s InnerCity Weightlifting, is a bit different. With his business he measures success in the number of people it is providing careers to or keeping them off the street and out of jail.
State, local officials seek opportunities for local businesses
Gov. Charlie Baker and Boston Mayor Marty Walsh have each worked to pump up the small business climate in Boston and Massachusetts, in an effort to add jobs to strengthen the local economy. Last week, the pair came together to detail plans to boost the state’s burgeoning digital health-care sector in a move that could have a large ripple effect on the local startup community and small businesses connected to health.
Technological innovations seen driving small business growth
As small businesses hit the ground running in 2016, optimism seems to be high overall, which has many planning for growth and expansion in the New Year. However, there are a number of key trends that will dictate small business success over the next 12 months ranging from increased online lending to better use of technology to the impact of interest rate hikes.
This past year was a great year for small businesses. Not only did small biz entrepreneurs throughout the country continue to lead the longest streak of job growth on record, but their optimism for the economic future is becoming the final nail in the coffin burying the 2008 financial crisis and recession.
New state program gives small businesses a leg up on government contracts
With the Diversity Goal Support Program, Mass Growth Capital is addressing the reality that it takes money to make money. While this may be an old business cliché, it holds true when small businesses are vying for lucrative state and federal contracts.
Entrepreneur Yooree Losordo sets up shop
Yooree Losordo, owner and operator of Dorchester-based On the Dot Books, is using some innovative ways to be successful in a traditional industry with her independent bookstore business. At the same time, she is also hoping to be part of what she sees as a growing revival of the local-owned, independent bookstore.
Josette Guerrier’s Paradise Hair Salon has been a stalwart in Mattapan Square for over 25 years. For most of that time, Guerrier was the force that kept the business going, but in the last several years her daughter Sandra Guerrier-Clark has taken the reins. That, combined with a recent move to a larger location, is helping to ensure that the salon continues to be a local staple for many more years to come.
State lags in teaching students to manage their money
A recently released report about the financial literacy of Massachusetts residents highlighted that the state is behind in helping educate children, students and adults in ways to better manage money and understand the effects of economic decisions. With a particular focus on the state’s lower-income and underserved communities, the report also detailed a number of ways to make things better and help all state’s residents become financially savvy.
Entrepreneur handles events from flowers to marketing
Nearly 20 years ago, Gwendolyn McCoy started Make Scents Floral Design to harness some of her creative energy, but the side business has continued to grow into something more. Now, the life-long Dorchester resident not only continues with her floral design, stationery and events management business, but has also folded into a larger MS Creative Group, which provides small business marketing, consulting and web design services.
Officials pledge continued support for immigrant businesses
Speaking at the Engaging Immigrant Entrepreneurs & Small Business Owners Forum, held on Nov. 13 at Bunker Hill Community College, Massachusetts Assistant Secretary of Business Development Nam Pham pledged the state’s support to the immigrant business community. His words echoed the sentiment of the event — immigrant entrepreneurs are helping grow the state’s economy and it is imperative to help them continue to do so.
Administrator visits Boston area to plug lending programs
The government’s start-up czar — U.S. Small Business Administration Administrator Maria Contreras-Sweet — was in Boston last week furthering efforts to help U.S. veterans start companies, but to also chat about the state of entrepreneurship and remind all about the cash the SBA can help pump into needy small businesses.
Startup small business owners have a lot on their plate and job one is usually trying to make money for their fledging company. If they are thinking about financial needs at all the most pressing one is likely to make enough to keep going. But it is never too early to start thinking about future financial stability and there are some critical early steps that can help a startup succeed.
Saving time, money for businesses
Much has been written about the growth of the mobile technologies industry and the importance of small businesses making sure their products and services can reach consumers through the growing spectrum of handheld devices. However, for small business owners it is equally important to note that using mobile technology as a business tool for employees also is a critical factor in improving the bottom line.
StartHub provides support to Boston’s entrepreneurs
Since he took office, Mayor Martin Walsh has pledged to make Boston a friendlier place to start a business — especially in Boston’s oft underserved neighborhoods — and he has been busy trying to make this happen. Last week, he was back at it again, out in Roxbury to push the launch of the city’s first online startup website, StartHub.
Grant provides training funds for hotels, construction
A recent $3 million grant from the federal government will allow Boston to double the amount of women and people of color it helps train for jobs in the construction and hospitality industries to about 400 over the next five years.
At Berklee’s ICE, music students absorb entrepreneurship
The Berklee Institute for Creative Entrepreneurship at Berklee College of Music is examining the business of music in a way the college hasn’t done before, and pushing its students toward a greater impact on an evolving industry. The effort is also resonating with both U.S. and international students, who hope what they learn can be applied to the music business in their home countries.
NAAAP conference highlights stories of success
About 200 of some of Boston’s up-and-coming Asian businessmen and businesswomen attended the National Association of Asian American Professionals 2015 Northeast Leadership Conference last Friday at the University of Massachusetts Boston.
Congress probes consumer, business protections in growing sector
The sharing economy went before Congress last week for a stark examination of how it creates jobs, benefits consumers, but also raises a slew of policy concerns and questions. At stake is the question of how much regulation businesses in the sharing economy need.
Women-owned businesses are on the rise — most accounts find they make up about 30 percent of all privately held firms in the U.S. — but there is concern that many of these business top out early.
Festival highlights progress in Boston’s local food economy
Owners of many of Boston’s up-and-coming new food businesses turned up to showcase their fare on Sept. 20 for the sixth annual Boston Local Food Festival on the Rose F. Kennedy Greenway. Neighborhood food startups relished the attention from an estimated 50,000 visitors who roamed and grazed through the food festival’s array of stalls and tents.
New program trains community orgs to support local entrepreneurs
The federal government is trying to do a better job helping small businesses in underserved communities grow, and is reaching out to community organizations as partners in doing so.
Clemencia Herrera, founder and creative director of Moira Studio, a creative marketing firm based in Cambridge, has put her multicultural background and experience to work to gain a foothold for her startup business.
While Boston’s Seaport Innovation District has garnered praise and attention, the efforts in Holyoke to revitalize vacant mill and factory sections of the city with new businesses and spur economic growth has been steadily and successfully moving forward for more than half a decade.
Entrepreneurs draw inspiration from scripture for clothing line
The founders of Saint John 316, married couple Keith and Renee B. Ware, want to send a faith-based message with their apparel and lifestyle fashion brand — the Christian-based theme reflects their personal beliefs — but they also are savvy enough to know that their market focus may be the key to getting their fledgling venture off the ground.
Digital presence is key for minority businesses
Maintaining a digital presence is crucial to all business in today’s Internet-driven and increasingly mobile-dominated market. For small businesses, digital know-how can mark the difference between closing shop quickly and growing into a thriving company. And for minority businesses, argues Dartmouth professor Alva Taylor, digital excellence even more essential.
For small businesses, chasing government contracts can be the difference between not just surviving, but thriving. Thanks to the recent boom in federal government work awarded to small businesses, government contracts are abundant. But in Massachusetts the chase is not just a metaphor, as more and more Bay State companies venture beyond the state and region to seal the deal. Working out-of-state adds logistical challenges and risk to many small businesses, but some local companies are proving that the extra effort is worth it because they are able to more than double and triple their revenues.
Boston nonprofit gives kids hands-on tech experience
Boston startup Gique (the name signifies a cross between “geek” and “chic”) is bringing its unique blend of technology, engineering, math and art to the Boys & Girls Clubs of Dorchester on Aug. 6, giving local kids exposure to the passion project that MIT grad Danielle Olson hopes will help pave the future for a generation of tech-savvy and creative minds from Boston’s neighborhoods.
Entrepreneur leaves marketing to open baking startup
Tia’s Cakes & Pastries specializes in custom cakes, such as the kind you can find at weddings or special events.
Nicola Williams uses her marketing and advertising background to promote the local food movement
Nicola Williams believes in the sustainable food movement and supporting the growth of local business with a food vision for New England. That vision, aimed at the middle of this century, means that at least 50 percent of all food consumed is clean, fair, just and accessible food to all. As founder of the Williams Agency, a marketing and event planning agency focused on sustainable food, culture and arts, her role is to spread the good word about the movement — something she has been doing so for many years.
Entrepreneur seizes health and wellness opp with app
Success in the startup world takes savvy business planning, hard work and a bit of luck. But Fittus founder Joel Edwards took to heart a lesson he learned early while studying business at Suffolk University — that you need a passion for what you are doing to start a company — and launched an enterprise that combined his interest in exercising and working out with his desire to be an entrepreneur.
Group looks to change trajectory for Boston Latinos by leveraging resources and forging relationships
The Latino Legacy Fund, a partnership of local Latino philanthropists and leaders, the Boston Foundation and Hispanics in Philanthropy, is building an initial $1 million endowment fund to support Boston-area Latino programs.
For many years the concept of big data meant many “bigs” — namely big cost, big companies and big infrastructure. But now the prevalence of data analytics services means that only the big data part remains, because small- and medium-size companies can easily and affordably take advantage of data crunching to push their businesses ahead.
Amid boom, confidence wanes among Hub’s small business
While small business gurus continue to sing the praises about how U.S.’s small companies are leading the way to economic prosperity, a new monthly report — finds that confidence is waning. That’s a cause for worry. “Waning confidence” is a far cry from the panic that reigned at the start of the decade, but the report suggest that many business owners are starting to wonder if the post-recession peak already has occurred. This presents a different picture on the street than most small business data suggest.
Thanks to corporations like Google, companies are making hiring practices more transparent
A year ago, when tech giant Google went public with what could only be classified as poor diversity numbers — saying that 70 percent of the company’s 50,000 employees worldwide at that time were men and, in the U.S., its employees were only 3 percent Latino and 2 percent black — it shocked many. But not because the diversity numbers were so low; that was no surprise. The shock was they admitted it.
The startup waters are notoriously hazardous. Generally speaking about nine in 10 startups fail, to the point that failure is recognized as an accepted part of any entrepreneur’s professional cycle and a way to sort out the good from the bad. And nobody worries there won’t be more startups on the way. But in Massachusetts, attention has turned to the next step in business growth — scaling up — as a crucial factor in strengthening the economy.
There was a time in Boston when seeing vegetable gardens meant that some neighbor had a green thumb or others were looking for a way to transform the eyesore of a vacant lot. Today, the rise of the urban farming revolution is rooted in the demand for local, sustainable food, as well as the economic potential of urban agricultural small businesses.
Future Boston Alliance’s restaurant accelerator program aims to diversify the restaurant landscape
The food industry in Boston is evolving, and people like Future Boston Alliance co-founder Malia Lazu are the core ingredients in a new recipe to cook up more local-grown small businesses. Future Boston Alliance’s new restaurant accelerator program is just one of the efforts to add to the growing selection of food startups simmering around the city from restaurants to food trucks to food suppliers.
Access to capital helps innovative business ventures advance in Boston
When it comes to fostering small business innovation Boston is doing something right and people are starting to take notice. A recent report found Boston ranking high in the areas that are most important to building a strong startup environment in a city — an open network between city institutions and entrepreneurs, as well as access to the money to get startups off the ground. The report, “Innovation That Matters: How City Networks Drive Civic Entrepreneurship,” which was developed by Washington D.C. incubator 1776 and supported by the U.S. Chamber of Commerce, specifically examines how cities are able to promote the growth of startups that focus on civic sector industries including education, energy, health and local government agencies.
Thanks to a late push, Cooperative Energy, Recycling and Organics, known as CERO Cooperative, topped its goal last week by raising $350,000 for its recycling and composting business.
Entrepreneurs compete for startup funds at Hibernian Hall
Six local entrepreneurs presented their ideas to a panel of venture capital experts and an audience of colleagues, friends, and other interested parties. Savané, along with the others, showcased what makes a great pitch — passion, precision and showing the potential for profit.
Obama administration looks to Hub for small business, start-up ideas
U.S. Small Business Administration head Maria Contreras-Sweet came to Boston to announce the “Startup in a Day” initiative, a collaboration with the White House, the SBA and the National League of Cities. In its first phase, participating cities make a pledge to create a “Startup in a Day” online tool by the end of 2015; develop a streamlined, business-friendly online permitting system; and share best practices to encourage other municipalities to join in.
Mass. Diversity Coalition grew out of efforts for inclusion in state’s new gaming industry
The Massachusetts Diversity Coalition started with the goal to make sure that the state’s minority- and women-owned businesses got a piece of the growing gaming sector. However, the group now has bigger fish to fry — it wants to make sure that all major development projects make diversity a priority.
Building on the success of the first Pitch in the City, which was held earlier this year, Banner Biz Magazine is back with the second pitch event set for June 16 at 7 p.m. at Hibernian Hall in Roxbury. It will bring together some of the hottest new startup entrepreneurs from Boston and give them a chance to pitch their startup ideas to a panel of business experts.
Entrepreneur strikes pay dirt with massage startup
Many small business entrepreneurs who worked previously for someone else admit they started their own venture as a way to have their hands on all aspects of a business. Christine Rose is no different. It is just that in her case, her desire for a more hands-on business is literally “hands on” as her startup venture is a massage therapy company, Imani Massage.
CERO cooperative processes recycling, compost for restaurants
With its recycling and composting business, Cooperative Energy, Recycling and Organics, known as CERO Cooperative, has dedicated its efforts to creating green jobs in the local food economy. The effort is something its leaders view as for the Boston community, but now CERO is asking the community to show its support — with cash.
When socially conscious business activists first organized the Sustainable Business Conference in 1990, environmental causes and business were widely seen as being at odds. Twenty-five years later, businesses increasingly are seeing sustainable practices as key to their survival. The Sustainable Business Network of Massachusetts held this year’s event May 15 in Cambridge. The event brings together like-minded businesses that have created what it means to be a sustainable business — namely making an effort to build a stronger local economy through a network of environmentally and socially conscious.
Makomas draws on founder’s Ivory Coast heritage, makes headway with local retailers
Founded late last year, Makomas makes three traditional juice drinks that harken back to founder Magbè Savané’s youth in Africa: Ginger Drink, Baobab Drink and Hibiscus Tea. Her mother sold similar beverages in small plastic bags to neighbors and town folk. As a child Savané helped her mother hand-make the drinks using all-natural and simple ingredients. The 30-year-old recalls these days fondly and said juice-making immediately popped to mind when she was considering starting her own business.
We live in a mobile world. Consumers live in a mobile world. And today’s small businesses better live in a mobile world. Specifically, whether brick and mortar, old or new, b2b, b2c, tech savvy or tech weary, mobile apps can help businesses tap into markets they could never reach before — it’s a bottom-line game changer the likes of which rarely has been seen before.