Dorchester Bay Economic Development Corporation

Causes: Economic Development, Urban & Community Economic Development

Mission: Dorchester bay economic development corporation acts to build a strong, thriving, and diverse community in boston's north dorchester neighborhoods. Working closely with neighborhood residents and partners, we access resources to:-develop and preserve affordable home ownership and rental housing,-create and sustain commercial and economic development opportunities, and-build community power through organizing and leadership development.

Programs: Community services:our community services include tenant organizing which brings together active tenants to promote leadership and tackle critical issues. Within our organizing efforts, programs engage youth in education, recreation, organizing, leadership, and community services. "youth force" organizing training and leadership development, is recognized as one of the strongest youth organizing programs in the state. Our reentry program is the first cdc-based re-entry program in new england for ex-offenders returning to their community. Using our organizing expertise, we have pulled together the a. G. 's office, police, corrections, and other non-profit service partners in this important collaborative. Our computer training programs have helped train adults and youths in computer skills. By placing residents in jobs created by our efforts, and helping build skills for employment, our efforts increase wealth and opportunities.

project development:project development acquires constructs and redevelops real estate in our service area with the goal of reducing blight, improving the neighborhood, creating and preserving affordable housing, as well as commercial space that provides jobs, services and places for businesses to grow and thrive. In 2014, we completed construction on two big projects: quincy heights (129 units of affordable housing) and the bornstein and pearl food production center (36,000 square feet of commercial space). The projects were both on time, on budget, and on mission.

loan programs:loan programs provide one-on-one pre-loan and post-loan technical assistance to small business entrepreneurs and borrowers. The business loan fund offers direct loans from $500 to $250,000 (both db capital and sba loans) and 504 sba loans for real estate up to $5mm. Dbedc is the only boston area cdc to make direct loans to small businesses. Dbedc's two-pronged strategies of developing commercial real estate and lending to businesses reinforce each other by creating physical spaces for business and also strengthening internal business capacity. Commercial revitalization is giving new life to the commercial districts in our area. We have completed a wide array of different types of businesses.

asset management