Boston, MA, October 23, 2018 —Dorchester Bay Economic Development Corporation (DBEDC) announces the launch of Columbia Circle, the first Dorchester Bay EDC giving society of passionate corporate supporters and individual donors who are deeply committed to Dorchester Bay EDC’s mission.
Columbia Circle members support the impact of DBEDC in creating affordable housing, developing commercial real estate, providing entrepreneurial support, and increasing civic engagement.
“Dorchester Bay is very fortunate to have a core group of highly dedicated supporters. We appreciate their commitment, and we wanted to be sure to express our appreciation in ways that added value to their annual support. The Columbia Circle as a win-win for our organization, our donors, and our community,” said Perry B. Newman, CEO of Dorchester Bay Economic Development Corporation.
The inaugural meeting was held on October 17, 2018, at Novara Restaurant in Milton. Angela Yarde, Associate Director of Resource Development hosted the meeting and welcomed the members with recognition lapel pins to honor their membership.
The giving circle meets twice a year. The financial commitment is between $5000 – $10,000 per year over a period of five years. Contributions of the Columbia Circle are eligible for the Massachusetts Community Investment Tax Credit.
About Dorchester Bay Economic Development Corporation
Dorchester Bay Economic Development Corporation (DBEDC) is a community development corporation founded by local civic associations in 1979 to address the problems of economic disinvestment, unemployment, crime, community tensions and the shortage of quality affordable housing undermining Boston’s Dorchester neighborhoods. Over the last 39 years, we have worked in partnership with local leaders and stakeholders to build and preserve 1,100 units of affordable housing and over 200,000 square feet of commercial space, to engage residents in community life, and to support a robust economy through small business support and economic development. The structures we have built are physical manifestations of our work, but at its core, our work is about strengthening our community, which is made up of the people who live in our service area.
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