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200 Gather for MACDC Lobby Day!

May 26th, 2015 by

On Wednesday, May 6th, 200 community leaders, state legislators and officials came together at the State House for MACDC’s Annual Lobby Day. The morning kicked off with MACDC’s members meeting with their elected officials to highlight critical programs that need renewed and increased funding, such as the Small Business Technical Assistance program, the Earned Income Tax Credit and the Community Preservation Act. For many, the highlight of the day came when Amy Curran shared her story. Amy, a leader within the Urban Edge community who found herself both pregnant and homeless six years ago, is now increasingly financially stable thanks, in part, to the Earned Income Tax Credit. Another highlight came when John Waite, Franklin County CDC’s Executive Director and Katie Reed, owner of Chequessett Chocolate, presented awards to Rep. Sarah Peake and Rep. Stephen Kulik for their continued leadership on behalf of the Small Business Technical Assistance program. John and Katie tried to “one up” each other concerning whose State Representative was a better champion of small business. Of course, both Rep. Peake and Rep. Kulik are incredible champions for small business. CDC leaders spent much of the rest of the day meeting with dozens of legislators and legislative aides to make their case for investments in community development.

Check out photos from the day on Facebook.

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5th Alliance Mentoring Program Concludes

May 21st, 2015 by

On Wednesday, May 13th, The Alliance (Advancing Community Development by Confronting Racism), operated by the Mel King Institute and CHAPA, held a lunch to close the 5th cycle, and ten years, of the Community Development Mentoring Program. The event was hosted by TSNE and included program participants, leaders in the field and mentoring program Alumni.

The featured speaker, Dani Monroe, presented her book Untapped Talent: Unleashing the Power of the Hidden Workforce. The presentation and discussion was deeply engaging and insightful. How are we bringing our community development values into staff advancement and leadership development? As a result, many of the leaders in the room expressed interest in exploring how we – as a field- can support organizational leaders to be more intentional about developing leaders in the workplace. 

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Community Investment Tax Credits: Donors Investing Over $1K in CDCs Realize Significant Tax Benefits

April 30th, 2015 by

AAFCPAs, a leading accounting firm in Massachusetts, released an excellent article on the value of the Community Investment Tax Credit as a way to have a significant philanthropic impact in one's community, while substantially reducing or eliminating one's Massachusetts tax obligation.

Below is an excerpt with a link to the full article.

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The Community Investment Tax Credit (CITC) was established as a way to incentivize Commonwealth residents to invest in community development corporations (CDCs). The CITC program allows taxpayers to realize considerable tax savings when they make a qualified investment (cash contribution) in a CDC’s community development plan. For the individual or corporation who is charitably inclined, they are able to combine their desire to do good with their desire to save on taxes.

DONOR BENEFITS
The CITC is an outstanding tax incentive for both individuals and corporations who are inclined to donate $1,000 or more, with an annual cap of $1 million in credits. Donors are eligible to receive a credit equal to 50% of the total qualified investments for the tax year in which the investment was made. The credit must be taken in the year the qualified investment was made, and any amount in excess of the taxpayer’s tax liability may be either refunded or carried forward to offset future tax liabilities. This credit is available for tax years 2014 – 2019.  READ MORE

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ICIC Small Business Development Programs

March 26th, 2015 by

Joe Kriesberg and David Bryant recently met with Steve Grossman and his staff from the Initiative for a Competitive Inner City (ICIC) to learn about two of their programs designed to help small businesses develop, thrive and grow at different stages. Here is a brief overview of the programs, Inner City Capital Connections and the Goldman Sachs 10,000 Small Businesses (10KSB) programs. We urge you to share this information with small business partners in your communities.

Both the Inner City Capital Connections Program (ICCC) and 10KSB Program help small businesses at different stages of their growth cycle. The 10KSB program provides the foundational tools necessary to build a growth plan. The Inner City Capital Connections Program works with companies who have a growth plan to help them build capacity and access capital needed to drive continued growth.

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Inner City Capital Connections (ICCC) is a national program designed to accelerate small business growth and access to capital. ICCC helps firms in the growth-to-exit stage overcome obstacles to reach their respective goals. Our participants experience different business challenges from the need for capital to restructuring growth strategies.

Our executive education will be held in Philadelphia, Birmingham, Dallas and Boston. The culminating conference will be held in New York.

Companies must have the following qualifications:

  • Independent, for-profit corporation, partnership or proprietorship
  • Inner city location—headquarters or 51%+ of physical operations in economically distressed urban areas of the U.S. or have 40% or more of your employees residing in an economically distressed area.
  • Revenues of $2 million or more in 2014.

If you have any questions, please email Hyacinth Vassell at hvassell@icic.org.

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Goldman Sachs 10,000 Small Businesses Program

Goldman Sachs 10,000 Small Businesses is a world class entrepreneurship education program that provides small business owners with the opportunity to step away from day-to-day operations and focus on growth. In professional workshops, business owners will:

  • Learn from some of the brightest minds in business
  • Explore opportunities to access financial capital
  • Build a powerful network of professional support

If accepted, program tuition is at no cost to the business owner!

With the launch of 10,000 Small Businesses at Babson College in late 2013, the 10,000 Small Businessesprogram is now available to business owners from all 50 states. This unique model of the program, our National Cohort, connects small business owners with a nationally-sourced class of peers for 11 weeks of practical business education delivered through a blend of online facilitated learning and on campus sessions at Babson College. All business owners graduate with a customized 5-year strategic growth plan for their business.

There is no cost to apply, and all accepted business owners receive a full scholarship to participate. All reasonable travel and accommodation costs associated with the trips to Babson College are covered as part of this scholarship.

The program’s qualifying criteria are as follows:

  • The applicant is a small business owner or small business co-owner
  • The business has been in operation for at least two years
  • The business revenues were are at least $150,000 in the most recent fiscal year
  • The business has a minimum of four employees (including the owner)

The application deadline for the upcoming fall 2015 National Cohort is April 20th, 2015. Applications are reviewed on a rolling basis, so business owners are encouraged to apply early! For more information, please visit www.10ksbapply.com or email 10KSB@icic.org

 

 

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MACDC Hires New Director of Advocacy

February 11th, 2015 by

MACDC is thrilled to announce that David Bryant has joined our staff as the new Director of Advocacy. David has more than twenty-five years of experience in policy development, legislative strategy, and governmental relations and advocacy, including as the Director of Government Relations for The Trustees of Reservations, one of the nation’s first regional nonprofit conservation organizations. In addition to his government relations work, David has advised a range of entities –small startup companies, political campaigns, regional and national nonprofits – on strategies for communications, organizational development, public policy advocacy, economic development, and advancement.  He has served on a number of nonprofit boards, including the Charles River Watershed Association, the Massachusetts Foundation for the Humanities (Mass Humanities), Generations Inc., and the Cambridge-Ellis School.

“David is a great addition to our team,” commented Joe Kriesberg. “We’re excited to have him representing CDCs and the community economic development movement at the State House. With a new legislative session just beginning, this is the right time to bring a well-respected advocate onto our team to help champion our issues.”

Welcome aboard, David!

CHECK OUT MACDC's complete board and staff listing.

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5 Mass CDCs searching for Executive Directors

February 9th, 2015 by

Five Community Development Corporations in Massachusetts are looking for new leadership: Fenway Community Development Corporation, Urban Edge, Vietnamese American Initiative for Development (Viet-AID), Dorchester Bay Economic Development Corporation, and Southwest Boston Community Development Corporation.CHECK OUT MACDC's Jobs Board many job openings across in our field across Massachusetts.

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MACDC's Letter to Boston 2024

February 6th, 2015 by

On February 4th, MACDC sent a letter to Richard Davey, President and CEO of Boston 2024. The letter, while neither supporting, nor objecting to the Olympics being held in Boston in ten years, highlighted four main areas of focus: Housing, Transportation, Economic Opportunity and Community Engagement. Each of these issues is critical to ensuring the Olympics create long-standing benefits for the region and expand opportunities for everyone.

CLICK HERE to read MACDC's Letter to Boston 2024

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Sign the T4MA Petition & Give Voice to Your Transportation Fatigue!

February 6th, 2015 by

The snowstorms over the past two weeks have crippled Eastern Massachusetts' transportation services, blocked roads and made for a completely treacherous and lengthy commute to work and school. The exteme weather has exposed how much work we have to do to repair and rebuild the Commonwealth's transportation infrastructure.

Sign the T4MA Petition and let our elected officials know how frustrated you are with the current condition of our roads and transit system.

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2nd Round of Community Investment Tax Credits Announced!

January 14th, 2015 by

MACDC is thrilled to join Governor Patrick and the Commonwealth's Department of Housing and Community Development in announcing the 2nd round of Community Investment Tax Credits awarded to 44 nonprofits. With over $5 million in credits awarded today, Community Development Corporations in Massachusetts are well positioned to increase and diversify their overall foundation of support.

The Community Investment Tax Credit (CITC) provides a 50% refundable state tax credit for donations of $1,000 or greater to participating organizations. In addition to individuals, businesses and other tax paying entities, organizations, such as nonprofits or donor advised funds, that have limited or no Massachusetts tax obligation can participate because the tax credit is refundable.

Community Partners 2nd Round Allocation
Allston Brighton CDC $150,000
Asian CDC $100,000
CDC of Southern Berkshires $100,000
Coalition for a Better Acre $150,000
Codman Square NDC $150,000
Community Development Partnership $100,000
Community EDC of Southeastern MA $75,000
Community Teamwork, Inc. $100,000
Dorchester Bay EDC $100,000
Dudley Neighbors Inc. $100,000
Fenway CDC $150,000
Franklin County CDC $150,000
HAP Housing $150,000
Harborlight Community Partners $110,000
Hilltown CDC $60,000
Housing Assistance Corporaton $75,000
Housing Corporation of Arlington $50,000
Island Housing $150,000
Jamaica Plain NDC $150,000
Just-A-Start $100,000
Lawrence CommunityWorks $150,000
Madison Park CDC $150,000
Main South CDC $150,000
Metro West CDC $75,000
NeighborWorks Southern MA $100,000
NOAH $150,000
North Shore CD Coalition $100,000
Nuestra Comunidad $60,000
Oak Hill CDC $150,000
Quaboag Valley CDC $150,000
SMOC $150,000
Somerville Community Corp. $150,000
South Boston NDC $100,000
Southwest Boston CDC $75,000
The Neighborhood Developers $150,000
Twin Cities CDC $150,000
Urban Edge $150,000
Valley CDC $100,000
Viet-AID $100,000
Watch CDC $75,000
WHALE $100,000
Worcester Common Ground $75,000
 
CSO Applicants 2nd Round Allocation
LISC $150,000
MACDC $150,000
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Corinn Williams: New Bedford's Woman of the Year looks to elevate those she serves

January 6th, 2015 by

"NEW BEDFORD — When her grandparents immigrated to the U.S. from Poland at the turn of the 19th century, it would have a profound effect on the life of one of their descendants. Well into her career as a community organizer, 56-year-old Corinn Williams has dedicated her life to helping immigrants and the North End, where they have historically congregated."

Read more of Simon Rios' great article published by SouthCoastTODAY.

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