East Boston Neighborhood Community Health Center

East Boston Neighborhood Community Health Center (EBNHC) was issued a $11.2 million tax-exempt 501(c)(3) bond through BIDFA.

  • The clinic provides over 300,000 patient-visits per year, serving the diverse and low-income population of East Boston, Winthrop, Revere, and Chelsea.
  • EBNHC’s patient roster grew annually by several thousand patients.
  • Despite having twelve buildings totaling almost 260,000 square feet, EBNHC reached capacity as a result of this growing demand, and the organization invested in this new facility to better serve its patients.
  • The bond issuance provided the funds for the construction of a new clinical/office building containing approximately 48,000 square feet of gross floor area on four levels.  The project includes facilities for clinical, office, and administration and contains related retail space at the ground level.

Boston Renaissance Charter Public School

Boston Renaissance Charter Public School was issued a $16.6 million tax-exempt 501(c)(3) bond through BIDFA.

  • The bond issuance allowed for the construction of a new campus in Boston’s Hyde Park neighborhood suited to the school’s specific educational needs.
  • The 107,000 square foot, state-of-the-art facility provided an exceptional learning environment for more than 800 Boston children, and employs approximately 176 teachers and administrative staff.

Third Piece Knitwear

Third Piece Knitwear previously had only an online and “pop up” presence. After the company received a $150,000 loan from the BLDC, owner Kristen Lambert opened an exciting new retail store in the South End. The company is a wholesaler and retailer of yarn and craft made knitwear products. The new store features knitwear, yarn and knitting kits, and also has a dedicated space for knitting classes and other events. This woman-owned enterprise currently employs 6 people and supports the work of 10 craft knitters, most of them self-employed women.

Imported Foods Corporation

Imported Foods Corporation has had a long relationship with the BLDC. The company is a wholesale distributor of primarily specialty food products for restaurants, hotels, and other commercial entities in the Boston area. In the fall of 2017 they received their third round of financing from the BLDC. The $235,000 loan went to support the continued growth of the company. Since Sarah and Anthony Pompeo purchased Imported Foods in 2008, BLDC loan assistance has helped them to grow sales from $2 to $3 million per year. They now employ 8 people.

BLDC celebrates the financing of woman owned businesses

Over the past year, the Boston Local Development Corporation (BLDC), has closed over $800,000 in new loans. In celebration of International Women’s Day and Women’s History Month, the BLDC Board of Trustees and Staff are proud to note that all of the businesses that received financing are either owned or co-owned by Woman Entrepreneurs!