Since 2017, the Business Equity Initiative (BEI), high-touch advisory program, has supported 100+ entrepreneurs of color to grow and scale their businesses. The BEI helps to grow revenues, create jobs and revitalize communities.
What you’ll receive:
• Access to an organization led by people of color who are experienced business entrepreneurs themselves.
• An award-winning approach that provides support to build capacity, access to growth capital and networking to expand business contracts.
• Up to 9 months working with a dedicated team of advisors to create and implement a customized growth plan for your business.
• An extensive network of partners from the private sector, foundations, banks, other lending institutions, business leaders and functional experts.
• A community of other business owners of color.
Eligibility Criteria:
• Minimum of $500K in annual sales.
• Located in Eastern MA, Southern NH or Northern RI.
• Black or Latinx majority owned and led for-profit business.
• Committed company leadership, receptive to coaching and guidance.
• Solid business model with distinct product/service/market and growth potential.
Timing:
We accept applications on a rolling basis. Apply today.
Congratulations to our most recent BEI graduates:
• Gomez & Palumbo LLC
• Omze Authentic Tequila, Mezcal & Spirit
• Starz & Cloudz Inc.
• Anita Kurl Salon
• Nurse Care Transportation
• Valley Home Insulation
• Froggy’s Play School
• Kushala Sip Coffee House
• MathTalk
• Pho Le LLC
• Rami & Sons Plumbing
About Mill Cities Community Investments (MCCI) and Foundation for Business Equity (FBE):
In 2022, the Foundation for Business Equity (FBE) merged with Mill Cities Community Investments (MCCI). MCCI is a community development financial institution (CDFI) focused on providing innovative lending and financing solutions for businesses and homeowners. The merger enables us to expand our offerings of loan and equity capital products to our small business ecosystem.
Businesses need a sound business model and strategic plan, the capital to achieve their plan and revenue to drive growth. Entrepreneurs of color face three primary interwoven barriers: access to advice, access to capital and access to markets. Through our signature program, the Business Equity Initiative (BEI), we help to close the racial wealth gap by scaling businesses of color.
To learn more about our work, visit mccinvest.org and fbequity.org. Follow us on LinkedIn, LinkedIn, Twitter, Facebook.
