News: Front Section

BECMA awards $10,000 to KB-MAC for electric vehicle kickstarter program

Boston, MA The Black Economic Council of Massachusetts (BECMA) awarded $10,000 as a part of its electric vehicle (EV) kickstarter program to KB-MAC, a Dorchester-based electric contractor born from a partnership with the International Brotherhood of Electrical Workers (IBEW) Local 103 and National Electrical Contractors Association (NECA) to bring greater diversity, equity, and inclusion to Boston’s union construction industry.

KB-Mac’s president, Kenell Broomstein has a commitment to creating jobs and economic opportunities for women and people of color in Massachusetts. The grant from BECMA will provide funds to KB-MAC to build and maintain infrastructure for efficient and reliable charging of electric vehicles, and more.

Empower DEI, a support program guided by Local 103 IBEW and NECA Boston, for experienced, licensed minority and women electricians seeking to open their own businesses, helped to forge a pathway for KB-MAC. Now, through the program, KB-MAC is able to support the advancement of women and people of color seeking to progress in the building trades. Broomstein sits on the Empower DEI Board.

“I am honored to receive this grant from BECMA, and I am grateful for the organization’s continued support,” said Broomstein. “This funding will help us to expand our business and create new opportunities in installing and maintaining the complex electrical systems that are involved in electric vehicle charging.”

“IBEW Local 103 is proud to partner with KB-MAC on their mission to empower and support women and people of color in the union construction industry,” said Kristen Gowin, executive manager, NECA Boston. “Our contractors are leading the way in transitioning to clean energy and resilient infrastructure. We are grateful to BECMA for supporting the growth and success of local Black-owned and union businesses in Massachusetts.”

MORE FROM Front Section
Front Section

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.

Make PR pop by highlighting unique angles - by Stanley Hurwitz

Make PR pop by highlighting unique angles - by Stanley Hurwitz

Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore

While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
Four tips for a smooth 1031 Exchange - by Bill Lopriore

Four tips for a smooth 1031 Exchange - by Bill Lopriore

Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.