Boston Ujima Project prepares to launch local investor network

Dozens of local organizations, small businesses, community leaders, and working class residents of Boston are collaborating to create a democratic community development ecosystem and local economy. The organizers envision the Boston Ujima Project will be a multistakeholder network that will invest in local initiatives, create jobs and distribute wealth for communities of color.

“Part of what we’re responding to is discrimination, racism and who has access to traditional capital,” said Aaron Tanaka, one of the organizers of the project. By that he means the wealth inherited over generations among privileged families and loans acquired by banking institutions.

“Let’s recognize that we do have capital amongst ourselves, and if we are able to pool it, we will be able to start undoing some of the disparities in access to finance,” he said.

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