
Nicole Obi 
The two-unit building at 253-257 Roxbury St. near Nubian Square will be the new home of BECMA.
For years, the Black Economic Council of Massachusetts (BECMA) has had its headquarters in multiple different locations across Boston. Now, it is in the process of relocating to its permanent home just a couple blocks from Nubian Square.
This move was made possible with help from the city and the Barr Foundation, which provided funding for the organization to relocate.
Nicole Obi, president and CEO of BECMA, explained that the Barr Foundation gave a strong offer of support where it would donate $500,000, if BECMA could raise the same amount, which it did and acquired $1 million. However, BECMA was still short and had to take out a loan to purchase the property.
“It met all of our needs.
It’ll allow us to open our doors to our members in this community, but it’ll also give us the space to continue to build out our team and then co-locate with other organizations,” Obi said. It was just a perfect spot, a reasonable purchase price and the building was in relatively good shape, so we thought it was just the right opportunity for us.”
The two-unit building at 253-257 Roxbury St. was scouted out by former BECMA board chair Teri Williams, now president of OneUnited Bank, and purchased last December.
Costing around $1.5 million, the new location will provide a space where
BECAM will be able to carry out its work in supporting Blackowned
businesses.
“Since
2022 we’ve had four offices, so that’s pretty disruptive to have to keep
packing up and moving. Part of one of our four pillars around building
wealth is ownership, and having that ownership, we believe, is going to
give us the stability that we need as an organization to continue to
grow and to support our community,” said Obi.
Last
month, the Boston Planning and Development Agency board authorized a
$100,000 grant to go towards the BECMA Sustainability Hub.
Obi said the sustainability hub encompasses the organization, the community and the environment.
She
explained that it’s how BECMA plans to sustain itself with the need to
grow and thrive and tie back to the community in Roxbury and be able to
support businesses.
She
added that it also focuses on sustainability from a climate point of
view on how businesses and startups can be part of the clean energy
industry to help Massachusetts reach its climate goals.
“What
we really want to be able to do is have the sustainability hub serve as
a place for entrepreneurs to come and engage and also
conduct their business in the climate space there. I feel that this is
one of those times that’s almost a once in a lifetime opportunity for
businesses to really grow into a sector that they can be a part of,” she
said.
Currently, BECMA is located
at Roxbury Community College’s (RCC) Business Innovation Center (BIC),
where it uses the location as a shared workspace. BECMA moved there
around the same time BIC opened.
“We built this partnership
initially, just saying, ‘Hey, we have space, we would love for you to
operate out of RCC, and so we can have students learn about BECMA. So,
we can have businesses that are coming to get support from the Business
Innovation Center have easy access to BECMA, so we can work together on
events on campus and for the broader community.’ So we’ve done all that
over the past year, and we continue to do that,” said Luciano Ramos,
executive director of the Center for Economic and Social Justice at RCC.
The
partnership between the BIC and BECMA has strengthened the support for
both, helping to increase their visibility and impact in the community.
“We’ve
done collaborations there. We haven’t necessarily done a specific
program out of the business center, but we’ve definitely been partnering
more closely with RCC than we ever have. And so even after we move, we
hope to continue to build on that relationship,” said Obi.
With BECMA’s 10th anniversary coming up this November, plans for a celebration remain up in the air.
“We
don’t have anything planned yet. We do want to do something around our
anniversary, but nothing has been scheduled at this time,” Obi said.
Right
now, BECMA is renovating its new headquarters and will still be located
at RCC. As it transitions to its new home, the move to a permanent
location will represent a new opportunity for BECMA’s growth and lasting
commitment to Black businesses in the community and across the
commonwealth.
“BECMA
has done a tremendous job both securing access to capital, as well as
opening up pathways for Black businesses to gain access to additional
capital and funding support. I think their location in Roxbury makes
perfect sense and I do think that they are on the forefront of helping
to bridge the economic divide,” said Ramos.