The Boston-based Initiative for a Competitive Inner City has been helping urban entrepreneurs and inner-city businesses for 20 years. For the last 15, the organization’s signature event has been the Inner City 100 Symposium and Awards.
Innovative thinking and continual belt tightening are keys to success.
Five years on from the official end of the Great Recession, a slow-growing U.S. economy has emerged. While many businesses have righted the ship from the toughest days, many small businesses are merely plodding alone, but small business experts are optimistic and suggest that entrepreneurs who showcase innovative thinking and continual belt tightening will make their businesses even stronger. Keywords: Small businesses, economic downturn, Great Recession, growing economy, business growth, improve the bottom line, increasing sales, profit margins
Women of color have become the driving force of the rise in women-owned firms in the United States. According to reports, they are doing so despite more obstacles and are driven to entrepreneurship as a result of structural limits in the traditional workforce.
The U.S. Department of Commerce Minority Business Development Agency is targeting minority business owners and offering a boost to their bottom line by taking part in the National Minority Enterprise Development Week Conference 2014.
In what N.Y. Gov. Andrew M. Cuomo is calling a big win for the downtown business district of Buffalo, equipment financing firm Blue Bridge Financial — after considering out-of-state-options — has decided to set up new headquarters in the historic Electric Tower in Buffalo’s central business district. The move keeps Blue Bridge’s current 12 jobs in the area and will create 71 new jobs over a five year period.
On June 17, the Office of Advocacy, an independent office within the U.S. Small Business Administration, released a report entitled “Small Business Profiles for the States and Territories,” an annual analysis of each state’s small businesses.
Tech giant Google surprised many last week by going public with data that showed the Silicon Valley-based company has a long way to go in its diversity efforts
Last week, the U.S. Environmental Protection Agency released the Clean Power Plan proposal, which for the first time cuts carbon pollution from existing power plants, the single largest source of carbon pollution in the United States. The EPA says the proposal will protect public health, move the United States toward a cleaner environment and fight climate change while supplying Americans with reliable and affordable power. But the National Black Chamber of Commerce is concerned the regulations will increase operating costs for business owners.
Global Insights conducted a study of small business owners around the globe.
The company was named by the U.S. Small Business Administration as the “Massachusetts Small Business of the Year.”
The Chelsea, Mass.-based Golden Cannoli Company has received national recognition for its handmade cannoli and fillings by some of the largest distributors and customers in the United States for its handmade cannoli and fillings. This year, the company was named by the U.S. Small Business Administration as the “Massachusetts Small Business of the Year.”
The Office of Women’s Advancement will oversee and coordinate the Mayor Martin Walsh’s initiatives to promote equal rights and equal economic, social, political and educational opportunities for all women and girls throughout the city.
A panel at the New Economy Coalition’s CommonBound conference discusses how people of color are faring in emerging industries and alternative economic structures
Bank of America announced it would no longer participate in the Massachusetts Affordable Housing Alliance’s ONE Mortgage program
Dudley Neighbors Inc., a community land trust under the Dudley Street Neighborhood Initiative, last week celebrated a quarter-century of success as one of the ground-breaking land trusts in the country.
The Child Welfare League of America has found that the Massachusetts Department of Children and Families is seriously lacking in its abilities to help the state’s children due to the department’s out-of-date policies, high caseloads, inadequate technology and no system in place to make things better.
As real estate costs skyrocket around Boston, Chinatown has been at the center of housing advocates’ fight to keep long-time city residents from being forced out of their neighborhoods. Last week, Chinatown residents got a boost with the groundbreaking on a long-awaited project to add more affordable housing to the neighborhood.
With the signature of Gov. Deval Patrick, a new Massachusetts election reform bill became law last week and has advocates heralding the legislation as making the state a leader in voting modernization.
The administration of Mayor Martin Walsh announced changes to the Boston Redevelopment Authority last week officials say will bring greater transparency to the development process.
The Boston Housing Authority plans to revamp the current Whittier Street public housing development and the surrounding Roxbury neighborhood in a $339 million project that includes housing, commercial development, health and human services, public safety initiatives and job development.
Denise Jones, president and CEO of Dnutch Associates Inc., has been a trailblazer for women entrepreneurs in Massachusetts, running and growing her company successfully for over 20 years. The recent growth earned Jones and Dnutch the Massachusetts Small Business Association 2014 Woman-Owned Small Business of the Year award.
Last month, youth job advocates were put on high alert when the Massachusetts House proposed budget contained cuts in funding for youth job programs, despite a battle to keep the funding. Now the fight turns to the state Senate.
New England Blacks in Philanthropy has a message — that the black community gives back at a much higher level than most people think. To back up its claim the organization is conducting a study examining the level of giving in the region, called "Giving Black: Boston," and plans to release its findings by August.
While much of the debate on housing costs in Boston centers on the atmospheric rise of luxury condos or the middle-class being squeezed out of the picture, housing advocates say the real crisis is the lack of housing stock for renters across the city — a problem that results in some 50,000 renters in Boston now spending more than 30 percent of their income on rent.
How to benefit from getting a MBE/WBE certification
The Commonwealth is a rich source of revenue for certified businesses. Last fiscal year, certified businesses received more than $1 billion in sales from the state.
Vietnamese American Initiative for Development is slated to start construction this fall on a $14.5 million housing and commercial development project in Dorchester’s Four Corners neighborhood that proponents are hoping will kick start revitalization of the area.
Hundreds of prison reform activists gathered on Boston Common on Saturday afternoon to show state lawmakers that prison policy must be changed and to decry the estimates from Gov. Deval Patrick’s office that the state will spend $2 billion by 2020 to build 10,000 new prison units, as well as $150 million each year to fill them.
Activists blockied the Suffolk County House of Correction in Boston
Immigration activists blocking the Suffolk County House of Correction in Boston were arrested last week as a part of a national protest of the Obama administration’s immigration policies, which have resulted in the deportation of 2 million undocumented immigrants.
$100,000 Kingsley Tufts Poetry Award
Some might be surprised that the most recent winner of the prestigious $100,000 Kingsley Tufts Poetry Award, the 62-year-old Afaa Michael Weaver, grew up in one of the most notoriously dangerous neighborhoods in America — the Baltimore ‘hood immortalized in HBO’s acclaimed "The Wire." However, for current Simmons College professor and Somerville resident Weaver, poetry was just always part of who he was.
Mayor Martin Walsh gave a big boost to Boston Main Streets organizations, announcing that funding will increase $400,000 city-wide for their efforts to support local businesses. Walsh’s budget has allocated $75,000 for each of the city’s 20 Main Street organizations, which is a 30 percent increase from last year.
Last week, the Boston Workers Alliance capped a two-year effort of working with the city that has resulted in improved Criminal Offender Record Information regulations for businesses working with the city.
Set to open later this month and modeled after business lab concepts very common in the high tech startup world in Silicon Valley and Cambridge, the Fields Corner Business Lab contains about a dozen small private offices, several conference rooms, private work stations and flexible work areas, as well as office amenities including a printer/copier room, reception area and a kitchen. The lab takes up the entire top floor of the historic Lenane Building in the heart of Fields Corner and has 8,000 square feet of office space available.
Prison reform advocates in the state are gearing up for a busy month. The Jobs Not Jails Coalition has a Boston rally planned on April 26 and will return four days later to present a petition to Massachusetts Legislature — all the efforts targeted to show decision-makers the groundswell of support to change prison policy.
After almost two decades as the only social services organization serving Somali immigrants in the Boston region, the Somali Development Center in Jamaica Plain is facing a looming challenge as the population of immigrants it is helping grows, while the funding continues to diminish.
Boston Public Schools got a first look at the numbers from its new home-based, school-choice system and reported that the average distance a new kindergarten student will travel to school next year dropped 18 percent compared to the old plan — from just over a mile to just under a mile.
Small businesses in the Boston area got a chance to pitch their services to government agencies and government contractors in a bid to get a piece of the multi-billion-dollar pie that is offered by the federal sector every year.
Boston Public Schools publicly stepped in last week to try and save troubled Madison Park Technical/Vocational High School, which has been plagued by poor test scores, poor attendance and hardly any internship participation from its students. With the backing of Mayor Martin Walsh, Interim Superintendent John McDonough began what BPS is calling an "immediate intervention" at the school.
The Boston Foundation is gearing up for year two of its Collaborate Boston grant program and is looking to give a total of $100,000 to resident-led efforts to strengthen the Boston neighborhoods of Dorchester, Hyde Park, Mattapan and Roxbury.
The five Democrats gunning for the Massachusetts governor’s office were in Dorchester on Saturday for a forum held by the Service Employees International Union at the organization’s headquarters and all candidates pledged to be labor friendly and offered different ways to pay for the state’s needs from increased taxes to boosts from growing the economy to savings from health care reform. The candidates also addressed the hot topic of immigration reform.
After nine months with an interim school superintendent in place, city officials are ramping up the effort to hire a permanent superintendent — kicking off the search with a number of public hearings to find out what parents and the community want in the school system’s new leader.
After nearly 30 years supporting community development through innovative lending and financing schemes, Boston Community Capital is continuing to expand its role in helping nonprofits build and preserve secure housing, schools and community institutions in the Boston area.
It has been an up and down start to the new year for immigration reform advocates. With Republicans going public with party standards for immigration reform in late January, there was hope that House GOP leaders might move on immigration reform, but immediate party backlash had them backpedaling — though immigration advocates still believe the increased Republican debate on the issue is a good thing.
Twice in the last two weeks, Venezuelan national Cristina Aguilera has taken to the streets of Boston to show support for the anti-government protesters back in her native country.
Political support for a hike in minimum wage is high, with President Obama, Massachusetts lawmakers and political leaders across the country proffering different versions of wage hikes for the nation’s lowest-paid workers.
On Monday night the Boston Convention & Exhibition Center hosted a Black History Month community forum that featured an impressive panel of speakers examining how Boston can be more effective at providing economic development opportunities for businesses run by people of color. The biggest message was clear — talking about economic strategies is not enough, decisive business development action for minority-run businesses is needed.
Officials at Boston Public Schools are looking to improve the odds in their competition with other cities and towns for the best teachers.
This past week has been a difficult one for Boston Public Schools as officials proposed an initial budget that fails to keep up with rising costs and drops in state and federal funding — and also told central office staff that their jobs are not guaranteed after the end of this school year on June 30.
The U.S. Small Business Administration is stepping up its efforts to connect with budding local Boston small business owners to help them get their young companies rolling.
An examination of the numbers, shows that much of the work done in Boston still falls short of the expectations for using city residents, workers of color and women, but some recent projects have begun to set a strong example of how to find success in adhering to the city’s job policies.
President Obama called on the country’s leaders to make 2014 "a year of action" to address the growing wage gap in the United States during his State of the Union address last week.His call to action mirrors moves in Massachusetts and cities and states across the country to apply public policy to the deepening wage divide.
Gov. Deval Patrick is calling for increased support for education, human services and health care in his fiscal year 2015 budget.