Benjamin Franklin Cummings Institute of Technology

Partners is contributing $10,000,000 from its recent $50,000,000 NMTC allocation with four other CDEs to construct a new state-of-the-art facility for the Benjamin Franklin Cummings Institute of Technology (FCTech). Chase will serve as the NMTC investor. FCTech was founded in 1908 and offers Associate’s and Bachelor’s degrees in various mechanical, technological, or business-focused programs. Ninety-nine percent of the students are from low-income families, and most of the students and the board are BIPOC. Located in the reemerging business district of Nubian Square in Roxbury, Massachusetts, the new building will be LEED Gold Certified, have multiple new labs, and provide large spaces that allow the school to adapt to changing technologies. Because of the new facility, the college will be able to increase its enrollment by 57%. Upon graduation, 99% of students secure jobs that pay a living wage for Suffolk County.
Impact Highlights: Sustainable, BIPOC Owned or Controlled Organization, Education Equity, Workforce Readiness, Economic Sustainability, Adult Education

UN Sustainable Goals: 1 – No Poverty, 4 – Quality Education, 8 – Decent Work and Economic Growth, 11 – Sustainable Cities and Communities

PCG Loan Amount: 

$10 000 000

Total Loan Amount: 

$66 000 000