BPDA and BLDC staff attend BECMA Mass Black Expo on September 23, 2022

BPDA and BLDC staff attend BECMA Mass Black Expo

Staff from the Boston Local Development Corporation and the Boston Planning & Development Agency attended the Black Economic Council of Massachusetts (BECMA)'s Mass Black Expo (MBE) on Friday, September 23. MBE is the Commonwealth’s premier event for showcasing Black businesses, organizations, and allies committed to closing the Massachusetts wealth gap through equity, access, and opportunity.

 


Te invitamos a participar en las Serie de talleres virtuales en español sobre (en español) - Programa Power Up, acceso a Capital y Recursos.

Webinar in Spanish/Taller Virtual en Español - Acceso a Capital y Recursos para Pequeños Negocios Latinos

Te invitamos a participar en las Serie de talleres virtuales en español sobre (en español) - Programa Power Up, acceso a Capital y Recursos.

Taller Virtual en Español
Acceso a Capital y Recursos para Pequeños Negocios Latinos

Propietarios de pequeños negocios en Massachusetts: Boston Local Development Corporation (BLDC) les invita a participar en el taller virtual gratuito, Programa Power Up, Acceso a Capital y Recursos Para Pequeños Negocios Latinos, patrocinado por Amplify Latinx.

Fecha y Hora: jueves 25 de agosto, 2022 de 3:00pm a 4:00pm.
Enlace para Registrarse: alxworkshop1.eventbrite.com

Conozca sobre recursos disponibles para negocios en Massachusetts:

  • Programa PowerUp de Amplify Latinx de asesoramiento personalizado a negocios que necesiten aumentar las ventas, mejorar operaciones, mejorar el control de sus finanzas y obtener acceso a capital o nuevos clientes.
  • Préstamos para pequeños negocios, a través de BLDC y U.S. Small Business Administration.
  • Herramientas para los pequeños negocios: Contratación, capital y más por la agencia federal de pequeños negocios en Massachusetts, US. Small Business Administration.

Esta sesión es en colaboración y con el apoyo de Surfside Capital Advisors, BLDC, U.S. Small Business Administration, MGCC, The Boston Foundation, State Street Foundation y Shlomo Fund.


Webinar in Spanish
PowerUp Program, Access to Capital, and Resources for Small Latino Businesses

MA Small Business Owners: The Boston Local Development Corporation (BLDC) would like to invite you to attend Amplify Latinx’s free, Spanish-language webinar PowerUp Program, Access to Capital and Resources for Small Latino Businesses/ Programa Power Up, Acceso a Capital y Recursos para Pequeños Negocios Latinos.

Date and Time: Thursday, August 25, 2022, 3:00pm-4:00pm
Link to Register: alxworkshop1.eventbrite.com

Learn about resources available for businesses in Massachusetts:

  • Amplify Latinx’s PowerUp program of personalized advice to businesses that need to increase sales, improve operations, improve control of their finances and obtain access to capital or new clients.
  • Small business loans through the BLDC and U.S. Small Business Administration.
  • Tools for Small Businesses: contracting, capital and more by the U.S. Small Business Administration.

This event is made possible through the support and collaboration of Surfside Capital Advisors, BLDC, U.S. Small Business Administration, MGCC, The Boston Foundation, State Street Foundation and Shlomo Fund.


A woman arranges goods in a shop window

BLDC announces interest rate freeze to ease borrowing burden

In an effort to support small businesses during this period of inflation, the Boston Local Development Corporation (BLDC), which provides small business loans with a focus on commercial, industrial, and service companies, will freeze interest rates at 6.75 percent. This comes in response to the most recent rate hike by the federal reserve of 0.75 percent.

Boston Planning & Development Agency Chief of Planning Arthur Jemison congratulated the Board of Trustees and staff of the BLDC for its commitment to Boston’s business community.

“This rate freeze will have a meaningful impact on Boston’s small business community, and those who are just starting their businesses.” said Jemison. “By instituting this proactive, pro-business rate freeze, the BLDC Board and staff continue to exemplify Mayor Wu’s commitment to Boston businesses.”

The BLDC is a private 501(c)(3) non-profit corporation governed by an independent board of trustees. The day to day operation of the program is provided by the BPDA’s Financial Services department.

To learn more or to get started, visit the BLDC website.


Brewer's Fork co-owner Michael Cooney, left, and co-owner/chef John Paine, right, pose for a photo with a Margherita Pizza, front, a Dave's Genoa Salami Pizza, back, and beer at their restaurant in Charlestown

BLDC loan recipient Brewer’s Fork wins Best of Boston Award

Brewer's Fork co-owner Michael Cooney, left, and co-owner/chef John Paine, right, pose for a photo with a Margherita Pizza, front, a Dave's Genoa Salami Pizza, back, and beer at their restaurant in Charlestown
Photo by Chitose Suzuki

The Boston Local Development Corporation (BLDC) would like to congratulate Brewer’s Fork which won a 2022 Boston Magazine Best of Boston Award for Best Beer Bar. In January 2015, the BLDC provided a $80,000 business loan to Brewer's Fork.

Read more at bostonmagazine.com
Lex Andre Daluz, owner of Marvelous Barber Lounge

Marvelous Barber Lounge, recipient of BLDC loan, wins Best of Boston Award

Lex Andre Daluz, owner of Marvelous Barber Lounge
Photo by Djecy Ramos

The Boston Local Development Corporation (BLDC) would like to congratulate Marvelous Barber Lounge which won a 2022 Boston Magazine Best of Boston Award for Best Barber Shop. In June 2020, the BLDC provided a $100,000 business loan to Marvelous Barber Lounge for furniture, fixtures, equipment, and working capital for the new location at 82 Broad Street.

Read more at bostonmagazine.com
BPDA and BLDC attend City of Boston Opportunity Fair

BPDA and BLDC staff attend City of Boston Opportunity Fair

Staff from the Boston Local Development Corporation and the Boston Planning & Development Agency attended the Pathways To City Contracting Opportunity Fair on Wednesday, June 8. The event provided a space for the Boston business community to network with procurement liaisons and learn about contracting opportunities from various departments in the city and other local agencies.

 

Pathways to City Contracting Opportunity Fair


United States Small Business Administration Award 2022 winner Kathleen Kelly

The BLDC celebrates National Small Business Week 2022

The first week of May is National Small Business Week and the Boston Local Development Corporation Board and staff have a couple of special reasons to celebrate.

Kathleen Kelly receives the Small Business Association Financial Services Champion of the Year award


First, Kathleen Kelly, Webster Bank Senior Vice-President and most recent addition to the BLDC Board of Trustees, has received the Small Business Association Financial Services Champion of the Year award. This prestigious award is given, in the words of SBA District Director Bob Nelson, “annually to an economic development practitioner who goes above and beyond to serve the small business community.”

In describing Kathleen’s contributions, Bob goes on to say that “Kathleen Kelly has been a passionate and tireless mentor for small businesses, contributing both her SBA lending and financial expertise along with critical business acumen to ensure capital is accessible to all, including our most underserved entrepreneurs. Recognition as both the MA and New England Financial Services Champion is a significant testament to her commitment to supporting small businesses region-wide.”

Kathleen earned this recognition as a passionate small business advocate for over two decades. As evidence of this commitment, in 2021, Kathleen closed $20 million in SBA financing at Webster Bank, while maintaining a focus on businesses owned by women, veterans, minorities, and the members of the LGBTQ community.

In response to receiving this well-deserved award, Kathleen said, “I am truly honored to be nominated and to receive this award for the state and region. There is a long list of people who help me be successful including the devoted SBA District office staff, who respond to all my calls despite the volume of calls coming at them and my MSBDC partners, my CDC partners, my SBA closing attorneys, and the team at Webster bank - thank you.” Kathleen has previously been honored as the Coleman’s SBA Business Development Officer Winner for 2019 and as the SBA MA Breakout 7(a) Lender of the Year, also in 2019.

Kathleen will be honored at the annual SBA Massachusetts Small Business Week Awards Breakfast event on Thursday, May 5, 2022, at the Newton Marriott.

BLDC business borrower She is Sofie James is a testament to the resiliency of Boston’s small business community

In this week of celebrating small business owners and those who support them, the BLDC has also received an extremely gratifying testimonial from a BLDC business borrower that illustrates our Board and Staff commitment to small business success. Sarah Shaughnessy, owner, and operator of She is Sofie James, a boutique style hair salon located in South Boston, recently paid off the BLDC loan that she had received just before the onset of COVID-19. Shaughnessy is a testament to the resiliency of Boston’s small business community, as she was able to pay the loan off early.

"I came across the BLDC while googling how to start a small business in Boston. I was impressed with how quickly someone responded after I reached out via the website. Bill was my point of contact and he and Gisella guided me through what turned out to be a seamless loan process,” explained Shaughnessy. “I felt supported and encouraged right away, like this organization was genuinely happy to see me succeed and wholeheartedly believed I could. When Covid hit a few months after my loan closed I, like most every small business owner, was scared and had no idea what was ahead. Bill was in contact with the BLDC community immediately to let us know what financial help we might be eligible for, as well as when and how to apply. Applying for financial aid during this process was incredibly complicated as this was the first time these programs were implemented. Bill kept us abreast of each change and modification. This communication was not only a comfort in a time when nothing was certain, but it also allowed me to acquire aid for business quickly. With this help I was able to build my business and retain all 10 of my employees. Today my business is growing!"


Unlocking Business Opportunities with the BPDA virtual event returns on May 19


On May 19, 2022, the Boston Planning & Development Agency (BPDA) and the BLDC are hosting an Unlocking Business and Job Opportunities with the BPDA event, and you are invited!

This event will introduce Boston-based businesses, architects, engineers, planners, IT professionals, property managers, and general contractors to opportunities with the BPDA and the BLDC, a lender that seeks to promote job creation in the city of Boston.

The event will showcase the BPDA's 24-month buying plan for goods and services, and processes to pursue real estate development opportunities with the agency.

Also, City of Boston residents are encouraged to attend and learn more about career opportunities within the BPDA. The Human Resources team will be on hand to provide information and answer questions on career opportunities with the agency. To view current opportunities at the BPDA, please visit bostonplans.org/careers.

The BPDA plans and guides inclusive growth in Boston—creating opportunities for everyone to live, work and connect. Through their future-focused, city-wide lens, they engage communities, implement new solutions, partner for greater impact, and track progress.

The BLDC works in tandem with the BPDA to increase employment opportunities for Boston residents, providing small business loans with a focus on commercial, industrial, and service companies.

Learn more and register

View the 'Legal Basics of Running Your Business' webinar recording and presentation

https://youtu.be/q23o6l_yBv4
Fill out a brief survey about the webinar

As a new business owner, or as someone looking to start a business in the near future, a clear understanding of the legal and financing issues you face is key to your future success.

On Wednesday, March 30, the Boston Local Development Corporation (BLDC) and the Transactional Law Clinics (TLC) of Harvard Law School presented Legal Basics of Running Your Business: Navigating Corporate Structure and Finance. The topics covered at this webinar included:

  • Types of Business Structures.
  • Obtaining Financing Through Debt and Equity.
  • Compliance with Securities Law for Your Business Investors.
  • Financing Options Through the Boston Local Development Corporation (BLDC).
View the presentation

Register now for the 'Legal Basics of Running Your Business' virtual event

Join us for a free online webinar on Wednesday, March 30! Presented by the Boston Local Development Corporation (BLDC) and the Transactional Law Clinics (TLC) of Harvard Law School, Legal Basics of Running Your Business: Navigating Corporate Structure and Finance will cover the following topics:

  • Types of Business Structures.
  • Obtaining Financing Through Debt and Equity.
  • Compliance with Securities Law for Your Business Investors.
  • Financing Options Through the Boston Local Development Corporation (BLDC).
Learn more and register