Gomez Secures Funding for Statewide Equity Initiatives
State Senator Adam Gómez (D-Springfield) has announced that a pair of initiatives he sponsored during the Senate budget debate aimed at expanding access to financial resources for minority and disadvantaged business owners have been adopted by the body. Through amendments submitted by the third term Senator, the Coalition for an Equitable Economy and We Are ALX Inc. will each receive $200,000 to support the success of Black, Latino, Indigenous, and other underserved small businesses in the Commonwealth.
Gómez had this to say on the amendments being adopted, “I am proud to see this legislature prioritize funding and directing resources towards marginalized and still disadvantaged groups as they aim to make their mark in our state. It is important that these individuals are connected directly to the resources they need, resources they have been previously denied, as we look to make our state more equitable for all citizens.”
The Coalition for an Equitable Economy (CEE) was formed in response to the need for more support for smaller and most vulnerable businesses, particularly those owned by minorities, disabled, veterans and low- and moderate-income people. Their mission is to ensure equitable access to capital, business networks, education, technical support and other resources for Black, Latinx, immigrant and low-income small business owners in Massachusetts while eliminating any barriers to investment and growth.
We Are ALX Inc. is a Massachusetts-based nonprofit formed in 2018 by The Latina Circle, Inc. that serves as a non-partisan, collaborative convener advancing Latino leadership representation, economic prosperity, and civic engagement. Their mission focuses on accelerating pathways of prosperity and leadership growth, advancing Latine representation into positions of power and influence, creating advocates for racial equity and economic mobility, prioritizing policies that are impacting the Latine community, and championing Latine civic and business leaders and entrepreneurs.