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Speaker 1: From WBZ News Radio in Boston. This is New England Weekend.

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Speaker 1: Each week we come together right here talk about all

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Speaker 1: the topics important to you and the place where you live.

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Speaker 1: Thanks again for tuning in this week. I'm Nicole Davis.

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Speaker 1: There's always something special about having a place to call home,

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Speaker 1: and that's just not the case for us individuals. It's

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Speaker 1: also the case for nonprofits and organizations. The Black Economic

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Speaker 1: Council of Massachusetts has had to move several times over

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Speaker 1: the years. A dream, though, has always been to find

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Speaker 1: a special place to settle down and create a permanent

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Speaker 1: place to engage with entrepreneurs. Now it's happening with the

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Speaker 1: recent purchase of their new sustainability hub in Roxbury. Thing

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Speaker 1: is there's a long way to go before that full

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Speaker 1: dream can be realized, but that's where you can help.

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Speaker 1: Let's learn more. Nicole Obe, the president and CEO. If

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Speaker 1: Bechma is back on the show, Nicole, it is great

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Speaker 1: to have you here again and for people who maybe

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Speaker 1: tuning in for the first time to hear you give

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Speaker 1: us a quick down about Bechma and what it is

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Speaker 1: you do.

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Speaker 2: BECHMA. We are a nonprofit organization with a mission to

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Speaker 2: help build black wealth across the commonwealth, and we do

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Speaker 2: that through our policy and advocacy work. We also do

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Speaker 2: it through our programming and we bring people together with

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Speaker 2: our events. We are an organization that was birthed out

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Speaker 2: of the twenty fifteen Federals Or Bank of Boston Color

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Speaker 2: of Wealth study, where it was found that the median

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Speaker 2: net worth of black Boston household was eight dollars compared

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Speaker 2: to white Boston households at the time of over two

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Speaker 2: hundred and fifty five or about two hundred and fifty

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Speaker 2: thousand dollars. And Bechma. Actually, we just celebrated our ten

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Speaker 2: year anniversary on November twenty fifth.

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Speaker 1: Congratulations, And you know ten years, Boston has changed a

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Speaker 1: lot during that time, and you talked about your mission

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Speaker 1: about you know, that figure never ceases to amaze me

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Speaker 1: in the worst way. I do feel gratefully that black

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Speaker 1: business ownership is starting to thrive in parts of Boston,

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Speaker 1: and you hear about initiatives like Jalen Brown talking about

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Speaker 1: building a Black Wall Street. You, of course are a

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Speaker 1: big part of all this success. What does this feel

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Speaker 1: like watching all this development?

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Speaker 2: Yeah, I mean we've definitely made progress, and so we're

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Speaker 2: grateful for our founders and all of our members and

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Speaker 2: all of our allies that have been helpful in that process.

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Speaker 2: And it definitely takes strong leadership and intentionality to see

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Speaker 2: those changes. Use Mayor Wu as an example. When she

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Speaker 2: came into office, she came on the platform that she

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Speaker 2: was going to do more around addressing the lack of

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Speaker 2: inclusive procurement in the City of Boston, and they have

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Speaker 2: more than doubled, almost tripled their results in her first term.

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Speaker 2: And so, you know, I know sometimes it's hard to

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Speaker 2: change direction, especially for an institution, but I think that

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Speaker 2: she's a really good example of some of the positive

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Speaker 2: change that we've seen around you know, an entrenched issue

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Speaker 2: like supplier diversity or inclusive maturement, and so that you know,

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Speaker 2: I think it's a municipal government can do it. Then

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Speaker 2: that shows that a lot of others, private companies and

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Speaker 2: others can do it as well. And we're starting to

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Speaker 2: make good progress in some of those areas, but we

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Speaker 2: still have a long way to go.

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Speaker 1: Yeah, definitely, And we can talk about the focus for

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Speaker 1: the next ten years here in a couple of minutes,

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Speaker 1: But first I want to focus on your new headquarters

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Speaker 1: because this is a big deal. You've been working if

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Speaker 1: I remember correctly, you've been working out of a coworking

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Speaker 1: space over at Roxbury Community College. So this is a

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Speaker 1: pretty big thing as you now have a space to

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Speaker 1: call home.

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Speaker 2: Yeah, we've actually worked in four different offices in the

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Speaker 2: short time that I run BECKMA, beginning in twenty twenty two.

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Speaker 2: And so one of the pillars for wealth building is

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Speaker 2: ownership for us here at BECKMA, and that's something that

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Speaker 2: we advocate for and we tried to support our members with.

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Speaker 2: We thought it was really important when we had this

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Speaker 2: opportunity to buy our own home to do so, and

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Speaker 2: so we were fortunate to get a lot of support

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Speaker 2: from major foundations, from individual donors, and we were able

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Speaker 2: to quickly put together a campaign to buy this new

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Speaker 2: space that will be our headquarters in Roxbury. And so

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Speaker 2: it's really a big accomplishment we're really proud of. But

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Speaker 2: it really does speak to the importance of the benefits

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Speaker 2: of ownership and is stability that it affords people that

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Speaker 2: a lot of people take for granted, but the black

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Speaker 2: community in particular has some of the nation's lowest ownership

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Speaker 2: rates here in Massachusetts, and so that really affects our

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Speaker 2: ability to build wealth and that was manifest in the

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Speaker 2: in the twenty fifteen study. So we're you know, our

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Speaker 2: ability to build wealth is going to depend a lot

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Speaker 2: upon our ability to gain more ownership.

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Speaker 1: And I did notice it's called the Sustainability Hub, which

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Speaker 1: I really appreciate because you're not just talking about business sustainability,

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Speaker 1: but you're talking about environmental justice as well.

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Speaker 2: That's right, yes, very much. So it's for BECMA Zone

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Speaker 2: sustainability so that we can actually focus on our work

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Speaker 2: and not moving. It's for really helping the neighborhood of

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Speaker 2: Newbian Square and Roxbury as it goes through this transition.

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Speaker 2: There's an enormous amount of development that's going on in

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Speaker 2: that neighborhood after decades of of nothing really happening there

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Speaker 2: in a productive growth type of way. But we want

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Speaker 2: to make sure that our businesses are able to ride

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Speaker 2: the wave of development and not get crushed by it,

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Speaker 2: and so we are trying to support them in growing

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Speaker 2: and lockstep with the growth that's going on in the neighborhood.

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Speaker 2: And then lastly, as you said, we're very much focused

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Speaker 2: for the last several years on climate from both an

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Speaker 2: environmental and an economic justice perspective. We think it's a

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Speaker 2: wonderful growth opportunity for our community from a business perspective,

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Speaker 2: but it also is really important to our community because

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Speaker 2: not too long ago the city had to study about

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Speaker 2: the difference in life expectancy being twenty three years between

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Speaker 2: where our office is located and the back bay. Some

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Speaker 2: of that is attributable to, you know, it being hotter

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Speaker 2: and more polluted there than in the back bay, and

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Speaker 2: so we want to also play our part to help.

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Speaker 1: Well, let's talk about the space itself, because renovations, no

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Speaker 1: matter how big or how small, they're not easy. And

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Speaker 1: I know that renovating an entire building it takes a

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Speaker 1: lot of work. But what does the building have to

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Speaker 1: offer and what are you doing to make it a

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Speaker 1: space for would be entrepreneurs and business owners and also

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Speaker 1: for yourselves at the council.

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Speaker 2: Sure, we have a great exciting vision for the space.

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Speaker 2: It is right now a two unit condo complex, part

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Speaker 2: of a larger, larger residential condo complex, and so our

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Speaker 2: two units on the first floor we're planning on having

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Speaker 2: that being a demonstration in a showroom and a model

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Speaker 2: space for what it's like to live, work, and learn

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Speaker 2: in a climate resilient and sustainable environment, so really well,

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Speaker 2: you know, seeing a heat pump in action, not just

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Speaker 2: in a box, actually cooking and having events and demonstrations

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Speaker 2: on induction stoves because they don't admit the fumes that

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Speaker 2: gas stoves can admit, especially in an idler dense community

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Speaker 2: an area. And so we'll have that demonstration space for

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Speaker 2: our residents but also our businesses to come in to

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Speaker 2: show off the type of work that they can do.

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Speaker 2: On the second floor that'll serve as our headquarters, we'll

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Speaker 2: be able to continue our work helping to accelerate our

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Speaker 2: businesses and entrepreneurs into the space. We also have a

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Speaker 2: green roof, so we will be I believe, the third

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Speaker 2: green roof in the area, which is great. So we'll

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Speaker 2: be able to build on the positive benefits that green

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Speaker 2: roofs have for the building itself and then for the neighborhood.

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Speaker 2: And lastly, I'm very excited about the base and we'd

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Speaker 2: like to turn that into a maker space for operators.

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Speaker 2: So think about people who install and maintain your solar panels,

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Speaker 2: your ev charging stations, other climate related hardware. We want

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Speaker 2: to give them a space where they can actually do

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Speaker 2: the assemblies, to do the testing, the demonstrations, and there's

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Speaker 2: no other place that's like that. Our businesses are not

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Speaker 2: able to walk into the higher ed institutions or even

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Speaker 2: into some of the other mit or any of these

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Speaker 2: other places and actually do the work that we need

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Speaker 2: for them to help us to grow our climate economy,

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Speaker 2: and so we need we need a space for them,

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Speaker 2: and this is a space that we're going to use

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Speaker 2: for our maker space in our lab.

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Speaker 1: Wow, this is so cool. You know you are seeing

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Speaker 1: this renaissance and Nubian Square and really so much of Roxbury.

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Speaker 1: I can't imagine how excited the business owners are telling

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Speaker 1: you that they are because they know you're coming and

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Speaker 1: they know that these resources are on the way.

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Speaker 2: Hopefully, we have to raise money to do all these renovations,

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Speaker 2: so we were able to quickly put together a campaign

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Speaker 2: to purchase the building, but we're estimating that we're going

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Speaker 2: to need another maybe six million dollars to do these

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Speaker 2: renovations to bring the Sustainability Hub and all of its

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Speaker 2: elements to the four So we will be and have

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Speaker 2: been actively seeking partners and supporters of this work. But

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Speaker 2: we've gotten some great enthusiastic feedback and support thus far.

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Speaker 2: But yeah, anybody interested in working with us, we'd love

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Speaker 2: to work with you.

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Speaker 1: Yeah, we'll talk in a couple of minutes about how

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Speaker 1: people can donate, how they can get involved and team

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Speaker 1: up with you. But I did want to ask you.

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Speaker 1: You know, we were talking a few minutes about how

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Speaker 1: the Council's been around for ten years, how Boston is changing,

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Speaker 1: but there's still so much work to do when it

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Speaker 1: comes to equity in business and in many other ways.

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Speaker 1: What is the focus now on the next ten years

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Speaker 1: for BECMA.

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Speaker 2: That's a great question. Our focus really is that we

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Speaker 2: are looking to create more black employer firms. That is

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Speaker 2: very key metric for us. Even though the majority of

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Speaker 2: black owned firms across the Commonwealth are small and many

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Speaker 2: of them are solopreneurs, but at the moment when they

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Speaker 2: switch from being their own enterprise to becoming employer firms,

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Speaker 2: it starts them on the path to accelerated wealth building.

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Speaker 2: And so that's a key metric for us to help

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Speaker 2: our businesses achieve that level. When those business owners become wealthier,

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Speaker 2: they hire black and brown people and the ripple effect

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Speaker 2: continues from there. And so as a small nonprofit organization.

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Speaker 2: We feel that we can have the biggest impact by

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Speaker 2: directly supporting as many businesses possible, but particularly those that

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Speaker 2: are transitioning or have the opportunity to become employer firms.

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Speaker 2: And for our current employer firms, we want to help

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Speaker 2: them to get stronger. So that's really where our work lives.

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Speaker 2: That's the most important thing that we can be doing

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Speaker 2: for these firms at this time.

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Speaker 1: Well, let's talk about how people can then support you.

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Speaker 1: You mentioned this campaign. You need about six million dollars

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Speaker 1: to get everything set up and running over at the

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Speaker 1: sustainability Hub. How can people team up with you, partner

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Speaker 1: with you, get you this funding, these resources? How can

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Speaker 1: they do that?

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Speaker 2: Sure, thank you will. We have a website, it's bechma

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Speaker 2: dot org. They can reach out to us there. They

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Speaker 2: can always send an email to info at beechma dot org.

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Speaker 2: We'd be happy to share with you not only what

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Speaker 2: are we doing with our sustainability hub, but we actually

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Speaker 2: have a broader campaign called bechmat ten and that is

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Speaker 2: to raise twenty five million dollars. We're more than halfway

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Speaker 2: through that campaign right now. That's for the building, that's

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Speaker 2: for a loan program that we have for our businesses,

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Speaker 2: and that is just for general and supporting BECHMA and

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Speaker 2: the programs that we run until we'd love to tell

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Speaker 2: you more about it and get your support.

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Speaker 1: Okay. And you know you are getting ready to leave

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Speaker 1: the space at the college and everything, but you have

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Speaker 1: the Business Innovation Center at RCC and I'm sure you

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Speaker 1: guys still have a strong connection there as well. Right.

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Speaker 2: Oh, yes, absolutely, We're really so pleased that we were

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Speaker 2: able to partner with our CC for the space to

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Speaker 2: be their anchor tenant. We see a lot of activity there.

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Speaker 2: RCC has also been having quite a few events in

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Speaker 2: the space and just making good space use of the

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Speaker 2: space of the community, and you know, I'm I'm I'm

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Speaker 2: grateful to have them as our neighbors. We also on

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Speaker 2: the other side we have Franklin Cummings Tech which will

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Speaker 2: complete their campus shortly, and then there are also three

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Speaker 2: technical high schools in the area. So this really, I

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Speaker 2: think is you know, the sort of epicenter of education

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Speaker 2: and opportunity, especially in the tech space for Massachusetts is

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Speaker 2: going to be right there and newb and Square, it's

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Speaker 2: really special.

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Speaker 1: Nicole Obie. It is always a pleasure to talk with you,

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Speaker 1: Thank you again for taking time to come back on

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Speaker 1: the show, and best of luck with the campaign.

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Speaker 2: Great thank you for having me.

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Speaker 1: Have a safe and healthy weekend. Please join me again

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Speaker 1: next week for another edition of the show. I'm Nicole

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Speaker 1: Davis from WBZ News Radio on iHeartRadio