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ISSUES   |   SMALL BUSINESSES

SMALL BUSINESSES

Small businesses are the backbone of our economy and have been hit hard over the last year by COVID-19. The level of hardship that Small and Local, Minority, and Woman-Owned Businesses Enterprises have experienced is great, and we are now challenged to make sure that efforts to assist these businesses in their recovery is equitable and inclusive. 
 

John’s record: 
 

  • As founder and part owner of Cesaria in Dorchester, John knows the reward of being a small business owner but even more, John knows first hand the challenges and struggles associated with operating a small business.

  • As Executive Director of the Dudley Street Neighborhood Initiative, John fought for small businesses in the neighborhood by making sure owners had access to resources needed to operate effectively. 

  • As Chief of Economic Development, John has continued to advocate for small business owners by making sure they received help through technical assistance, economic development center workshops, and access to capital they needed to thrive in Boston. 

  • John led the effort to help small businesses that had been impacted by COVID-19 with immediate relief. He has provided invaluable support by helping small businesses navigate the evolving financial assistance landscape. 
     

As Mayor, John will:
 

  • Increase financial wellness measures, business resources, and access to capital.

  • Develop strong partnerships with small businesses to expand internship, apprenticeship and mentoring programs to create career paths and to ensure access to skilled, entry-level workers for small businesses.

  • Work to establish new types of small business loans that provide flexible terms. 

  • Establish policies that encourage venture capital investment and tax incentives for innovative products created by businesses owned by people of color and women.

  • Conduct regular reviews of state and local business licensing requirements and update outdated regulations to be more equitable.

  • Equip underserved community institutions and minority-serving institutions with resources that encourage them to establish or expand business incubators and accelerators for underserved entrepreneurs.

  • Appoint an individual to serve as liaison to monitor the implementation of new changes to the Community Reinvestment Act, so critical dollars are allocated equitably to historically disinvested communities.

A MESSAGE FROM JOHN

Just as this campaign is a community effort, this policy plan has been informed by a diverse group of residents, policy makers, and community organizations who reflect Boston's ingenuity, passion, and future. In this policy you will see your voice reflected and your neighborhood priorities front and center. I am incredibly grateful for the hours, data, and guidance leant to support this effort. I welcome continued feedback and suggestions from all corners of the city, because I know that policies are most successful when led by the community.
 
Now, more than ever, I have the opportunity to bring all voices to the table to create a Boston that brings prosperity and justice for everyone.Together we can create a Boston where nobody is left behind.
 
Thank you for reading and helping to shape Boston's future, I look forward to working with you.