All Updates
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MassINC Announces New Slate of Accomplished Civic Leaders to Join Board of Directors
New members bring diverse perspectives to 25-member board
July 15, 2024
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District Management for Downtown Vitality
Commercial districts need a high volume of foot traffic to support thriving small businesses. Supplemental district management services can dramatically increase this pedestrian activity.
June 27, 2024
- District management organizations (DMOs) encourage thriving local commercial districts for small businesses to flourish.
- DMOs require an annual operating budget of between $200,000 – $700,000 depending on the district size. Increased state funding could ease the operating gap DMOs typically face.
- Between now and 2030, cohorts of 5 large DMOs could be supported each year starting at $500,000 and peaking at $5.5 million annually. These DMOs could general $13 million annually for local revitalization.
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Community Capital for Small Businesses
A Study of the CDFI and CDC Ecosystem in Massachusetts
June 27, 2024
- Community development finance institutions (CDFIs) disproportionately serve the smallest and youngest businesses and those owned by underrepresented groups.
- Only 23% of CDFIs provide financing to small businesses. Most funding from CDFIs and community development corporations (CDCs) goes to the real estate sector.
- 32 states have CDFI funding programs, providing a model for how MA could establish stable and sustainable lending opportunities for small businesses.
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Andre Leroux offers testimony to Joint Committee on Economic Development and Emerging Technologies
On H.4459– An Act relative to strengthening Massachusetts’ economic leadership
May 24, 2024