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Boston Globe: Advocates for entrepreneurs of color press the Legislature for $1 billion in stimulus funds

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“This is one of the only times in our lifetime that we will have this huge infusion of financial resources to create a new world,” said Segun Idowu, president of the Black Economic Council of Massachusetts and a member of the coalition. “We’re telling everybody that if you want the business owners in your district to still be business owners next year, you have to put out money right now.”

The Coalition for an Equitable Economy has sent a letter to the committees overseeing stimulus deliberations on Beacon Hill, asking for a $1.1 billion investment in small businesses across the state. Nearly all of that money, $964 million, would come from the $5 billion pot of American Rescue Plan Act funds overseen by the Legislature. An additional $136 million would come from a separate small-business credit program, likely also funded by federal stimulus dollars.

Read the full article here.

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Tahisha Charles

Tahisha Charles

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