The Impact Capital Lab offers advisory support to help individual and institutional investors direct a portion of their portfolios toward place-based impact investing.
BII Fund-Building Cohort engages fund managers from 12 communities in building sustainable, inclusive and equitable local economies that restore the productive capacity of communities of color.
The Boston Ujima Project is organizing neighbors, workers, business owners and investors to create a community-controlled economy in Greater Boston. The Ujima Project seeks to create a new business and finance ecosystem that democratizes local investment, production and consumption to grow community wealth and resilience. The project will build and connect a democratic investment and real estate fund, a business alliance that meets community standards, a network wide worker council, and an alternative local currency.
Initiative for a Competitive Inner City’s mission is to drive economic prosperity in America’s inner cities through private sector investment to create jobs, income and wealth for local residents. With two decades of experience in research and design of national small business growth programs, ICIC is located in Dudley Square in Roxbury and partners with corporations, financial institutions, foundations, government agencies, and individuals.
JP Local First is a community organization that promotes locally owned and sustainable businesses for a vibrant Jamaica Plain. JP Local First aims to provide education about the significant environmental, economic, and cultural benefits of supporting the local economy. BII provided a grant to JP Local First to support local and independent businesses in the rapidly gentrifying Washington St. corridor of Jamaica Plain.
The Solidarity Economy Initiative (SEI) emerged from Access Strategies’ Economic Democracy Fund and is a Massachusetts based funding program developed by Access Strategies Fund, Boston Impact Initiative, the Center for Economic Democracy and the Solidago Foundation. As a capacity building program, SEI provides funding, collective training and technical assistance to a cohort of Massachusetts based grassroots organizations. SEI seeks to build power and evolve strategies towards a long term social movement capable of transforming American capitalism into a just, sustainable, and democratic economy.
Solidarity Rising in Massachusetts: How Solidarity Economy Movement is Emerging in Lower Income Communities of Color seeks to understand how organizing, power-building, and economic alternatives add up to transform capitalism—as we know it—into a world rooted in values of democracy, justice, and sustainability.
The report examines eight cases across lower-income communities of color in Massachusetts from Worcester and Springfield to Lynn and Boston. Communities are organizing to resist and reform the current system, while building alternatives that go beyond capitalism. They are incubating worker-owned coops, community land trusts, and community-controlled capital. They are modeling an economy and democratic governance based on collective care and putting people and planet over profit. Communities are dreaming big, of building regional ecosystems that can scale up transformative impacts.
Authored by Penn Loh and Sarah Jimenez, this report was commissioned by the Massachusetts-based Solidarity Economy Initiative (SEI), which was convened in 2015 to support grassroots organizations to lead a movement for a solidarity economy. SEI was developed by Access Strategies Fund, Boston Impact Initiative, Center for Economic Democracy, and Solidago Foundation. SEI’s community partners include Alternatives for Community & Environment, Black Economic Justice Institute, Boston Workers Alliance, Brazilian Women’s Group, Center for Cooperative Development and Solidarity, Centro Presente, Chelsea Collaborative, Chinese Progressive Association, City Life Vida Urbana, Dudley Street Neighborhood Initiative, Ex-Prisoners and Prisoners Organizing for Community Advancement, Matahari Women Workers Center, Neighbor to Neighbor Massachusetts, Neighbors United for a Better East Boston, and New England United for Justice.