The Innovation Institute at Westborough-based MassTech Collaborative has granted $25,000 each to the Worcester Regional Chamber of Commerce and the North Central Massachusetts Development Corp. to develop a strategic plan for a program to help local entrepreneurs.
JC Ferreira Construction, Inc., a Leominster contractor specializing in utility and road construction, received a $112,500 loan from the North Central Massachusetts Development Corp. to fund the purchase of new equipment.
According to the 2021 report “The Color of the Capital Gap” by Boston Indicators and the Boston Foundation, most entrepreneurs use personal or family savings to start a business. Yet, because of a history of racism and unequal treatment, white families have five to eight times the wealth of Black and Latino families on average.
According to the 2021 report “The Color of the Capital Gap” by Boston Indicators and the Boston Foundation, most entrepreneurs use personal or family savings to start a business. Yet, because of a history of racism and unequal treatment, white families have five to eight times the wealth of Black and Latino families on average.