We serve the People.
Our Story
About BECMA
In 2015, the Federal Reserve Bank of Boston published its “Color of Wealth in Boston” report detailing the ever-widening racial wealth gap. This report was released against the backdrop of a massive building boom in the city, the third in its 400-year history. Researchers discovered that the median net worth of Black Bostonians was only $8.00, compared to $247,500, the median net worth of White Bostonians.
This alarming figure prompted almost 1,000 Black residents to fill the Prince Hall auditorium in Dorchester where the community discussed how best to respond to this crisis.
Following several meetings that occurred in the aftermath of this gathering, several key business leaders formed BECMA, or the Black Economic Council of Massachusetts, Inc., to build on the momentum and enact tangible solutions to reverse the trend of depreciating Black wealth in the city.
BECMA founders know that Black businesses are one of the primary drivers of Black wealth and employment. That’s why the organization exists to advocate specifically for the support and sustaining of Black businesses across the Commonwealth.
We Empower
How we work
Meet BECMA
The Team
Senior Operations Manager
Carolyne Magodo
Executive Assistant
Membership Coordinator
Senior Manager of Member Relations
Anthony Moore
Senior Manager of Partnerships & Member Programs
Chief of Marketing & Communications
Digital Marketing Manager
Communications Intern
Events Manager
Walter Weekes
Development Manager
Darien Johnson
Senior Policy & Advocacy Advisor
The Board of Directors
Board Chair; President & COO, OneUnited Bank
Board Treasurer; Executive Vice President, S-Cel-O Painting
Board Clerk; President, NAACP – Blue Hills Branch
President/Owner, City Sealcoating, Inc.
Emeritus Board Members
CEO, The Lazu Group; Lecturer, MIT Sloan School of Management
Executive Director, Foundation for Business Equity; CEO, Mill Cities Community Investment
President & Managing Partner, Catalyst Ventures Development
Chairman, Taylor Smith Properties; Director of the Center for Real Estate; Executive in Residence, Management and Entrepreneurship, Suffolk University
Career Opportunities
Join our team
We are a small nonprofit with a big mission, and we’re always looking for dedicated individuals to join our team. We work diligently every day to achieve one purpose: to advance the economic well being of Black people all across Massachusetts. At BECMA, you’ll develop critical professional skills and interact with business and civic leaders who are shaping the future of the Commonwealth.
