Urban Farming Institute

The Urban Farming Institute of Boston, located at the historic Fowler Clark Epstein Farm in Mattapan, provides farmer training, creates green collar jobs and engages urban communities in building a healthy, local food system. The non-profit organization reclaims and restores vacant lots, transforming them into functioning urban farms.  In 2018, BII Fund provided bridge finance to support the acquisition of equipment and supplies for the upcoming farming season. Learn more

Fresh Food Generation

Fresh Food Generation is a cafe, food truck and catering business serving on-the-go real foods. The company sources ingredients from local farms and prepares meals inspired by Latin American and Caribbean cuisine. After three years of operating, the company is now becoming a competitive city-wide catering business. In 2018, BII Fund provided a line of credit and convertible debt coupled with an innovative “self-liquidating equity” structure which allows management to buy back equity at fair and mutually agreed upon price. Learn more

Cooperative Fund of New England

The Cooperative Fund of New England (CFNE) is a community development loan fund that facilitates socially responsible investing in cooperatives, community-oriented nonprofits, and worker-owned businesses in New England and New York. CFNE provides financial products, business assistance, and investment opportunities that promote socially conscious enterprise. Boston Impact Initiative is an investor in CFNE’s Social Investment Fund, as well as a frequent co-investor in direct lending to cooperatives. Learn more

Sunwealth

Sunwealth is a pioneering clean energy investment firm working to unleash the power of commercial solar by delivering meaningful returns and tangible impact. The company received a loan to help finance clean energy on three houses of worship in Dorchester, Jamaica Plain and Roxbury, thereby reducing energy bills. Boston Impact Initiative made a second investment in a fund that aggregates low-income homeowners and anchor non-profits in economically distressed neighborhoods. Learn more

M.S. Peltier Insurance

M.S. Peltier Insurance is a black-owned business with expertise in the construction, marine, real estate and transportation industries. The company plans to maintain at least 50 percent employees of color as it grows its workforce. M.S. Peltier has a long history of serving Dorchester and Caribbean communities. Boston Impact Initiative provided a loan to support the acquisition of new clients.

WeSpire

WeSpire is an employee engagement platform that supports large organizations to design, deliver and measure the benefits of positive impact programs like sustainability, corporate social responsibility and positive culture initiatives. In 2017, BII Fund made a convertible preferred investment in the platform to ensure that its diversity/inclusion module has the quality of content and influence that can transform the way corporate and nonprofit employees think about racial and economic justice. Learn more

Delectable Desires

Delectable Desires Pastries provides gourmet home-baked goods from scratch, specializing in event cakes. DDP opened its first retail store in West Roxbury in 2015, followed by a South Station kiosk a year later. Owner Carlene O’Garro, a Mattapan native, says that her Caribbean roots influence her use of ingredients and baking style. Forgoing law school to pursue her passion, Carlene has received numerous awards for DDP. In 2017, BII Fund provided a working capital loan to support growth. Learn more

 

CERO

CERO (Cooperative Energy Recycling and Organics) is a worker-owned cooperative that collects waste from local businesses. CERO’s waste separation systems increase reclamation and sale of clean paper, plastics, metals, waste vegetable oil and organic food waste, reducing trash sent to landfill and incinerators by 50 percent or more. CERO has been a long-time portfolio member of the Boston Impact Initiative LLC. In 2017, BII Fund provided a loan for working capital. Learn more

Transformative Culture Project

In October 2017, the Transformative Culture Project merged with Epicenter Community. The non-profit organization now focuses on the economic potential of the creative economy, providing award-winning arts and economic development programming for youth and adults. A key program is AccelerateBOS, which provides entrepreneurs of color with a cohort-based model for advancing their business ideas. In 2017, BII Fund provided bridge finance to support the merger. Learn more

Wash Cycle Laundry

Wash Cycle Laundry is a commercial laundry service that provides second-chance employment for vulnerable adults in Boston, Philadelphia and Washington DC. The company relies on high-efficiency washers and driers and delivers laundry by bike–saving thousands of gallons of water a year as well as fuel. In 2017, BII Fund made an equity investment to support the company’s expansion to the Boston metro area. Learn more