Martha’s Vineyard has long been a summer vacation destination for Black families, but August in the Massachusetts beach community is becoming an important hub for Black entrepreneurs, investors and financial firms, too.
“I would say the magic of it is really about introducing your network to someone else’s network,” said Calvin L. Butts Jr., founder of East Chop Capital, a private equity firm named after a neighborhood on the island. “We found great success raising capital there, we’ve had our portfolio companies speak as well, we’ve done very, very well with deal flow.”