Strategic Advisor ► Trusted Advisor ✔ Growth Strategist ✔Process Evangelist ✔Change Catalyst ✔
CurrentLaunched by the Eastern Bank Charitable Foundation in April 2017, the Business Equity Initiative (BEI) was developed to mitigate growing inequality by combining business growth, supplier partnerships, and community transformative development as a means of addressing growing wealth and income inequality in Massachusetts.The Initiative is focused on growing enterprises of color by leveraging Eastern’s networks and philanthropic dollars as well as providing targeted, customizable growth tools including embedded trusted strategic advisors, operational support, growth capital, and market access to enterprises of color positioned for growth. This Initiative will begin with Black and Latino businesses, because research shows us that this is where the inequities and wealth gap is the greatest.The envisioned impact of the BEI includes stronger balance sheets, expanded and deeper supplier relationships between these enterprises and anchor institutions, job creation for residents of color, and the potential for greater civic engagement by the owners of color and their workforce.