2017 Hurricane Recovery: You may be eligible for an SBA loan deferment
LEARN MORE Close

Success Stories

Betsy Hill

By Guest Contributor: Lisa Achoki, Center for Women & Enterprise; Edited by Norman Eng, SBA Massachusetts

Veteran entrepreneurs are increasingly contributing to business creation and growth to the American economy after service. Active duty and reserve service often instills important skills and leadership abilities that are directly relevant to business ownership.  A profile of Veteran’s Business Ownership by SBA’s Office of Advocacy [1] reported that the share of women business owners have increased among both veterans and non-veterans, but at a much greater rate for female veterans.  In 2012, only 4.4 percent of veteran business owners were women – up from 2.5 percent in 2008, almost doubling in numbers.

Betsy Hill had no prior business experience before launching Neighborhoods Café.  A Boston University alumnus, Betsy was a member of the Reserved Officers’ Training Course (ROTC) while in college, and was deployed to Turkey as part of the US Air Force upon her... Read More

Rita Assuncao, Owner

By Guest Contributor: LEAF Fund (Ben Selden, Amine Benali, Chris Hunter, & Gerardo Espinoza), Edited by Norman Eng, SBA Massachusetts

Over the last 20 years, the role of immigrant entrepreneurs has grown. The percentage of the self-employed who were born abroad more than doubled between 1994 and 2015, growing from 8.6 percent to 19.5 percent. A report released by the SBA Office of Advocacy [1] shows that the growth was caused by three changes – an increase in the size of the population born abroad, an increase in self-employment among those born abroad, and a decrease in self-employment overall.

When Rita Assuncao moved to the United States, her entrepreneurial instincts began to fuel a desire for starting and owning her own business. Pao de Queijo or cheese rolls – a popular food back home in Brazil, were not easily found in local supermarkets – so she saw an opportunity to bring a new product to market for an emerging population in the region.

Rita’s idea... Read More

Josiane Martinez

According to a new report “Powering Greater Boston’s Economy: Why the Latino Community Is Critical to Our Shared Future,[1]” by The Boston Foundation -- there are about 850,000 Latinos in Massachusetts, representing 12% of the total state population. Latinos are helping to power Greater Boston’s economy in the workforce and as entrepreneurs: 14% of the workforce in Suffolk County is Latino; 10% of privately-held firms are owned by Latinos. The Latino community has a massive effect on the local economy, amounting to approximately $9 billion of economic activity in Suffolk County.  

While nationally Latinos are predominately Mexican -- in Massachusetts, Puerto Ricans (42%) are the largest group of Latinos. After World War II, Puerto Rican migration to Massachusetts began in the Connecticut River Valley towns of Springfield and Holyoke before moving into the cities of Eastern Massachusetts.

Archipelago Strategies Group’s Founder and CEO, Josiane Martinez came to... Read More

Camio Custom Cabinetry

According to a 2007 study -- an estimated 40.3 percent of family business owners expect to retire by 2017 -- creating a substantial transition of small business ownership in the United States.  Of those retiring, less than half expecting to retire in five years have selected a successor.[1]

Camio Custom Cabinetry, a third generation family business – has managed to effectively navigate the succession planning dilemma and address the common pitfalls with support from SBA’s resource network along the way.

70 years ago, Mr. Domenic Constantino started his family business out of a 350-square-foot building in Boston’s Hyde Park neighborhood with little more than a handheld saw and a few dozen boxes of nails.  Camio is an old-fashioned manufacturer of custom cabinetry and millwork for residential and commercial projects consisting of office space buildouts, medical buildings, apartment and condo projects.  Camio is currently located in Canton and has become a leader in the... Read More

Pages