In the first quarter of 2020, 25 of BII Fund’s portfolio companies completed their impact assessments, providing data and analysis on how effective they were at increasing wealth and power for communities of color. Here are a few highlights from what we learned:
The portfolio is majority governed, run and staffed by people of color. It pays the vast majority of its workers well above a living wage, and even the average hourly wage paid to lowest paid employees far exceeds the living wage. Wages are equitably distributed-the ratio between highest and lowest paid worker is only 2.2 to 1, and there is no gender wage gap. The number of jobs in the portfolio increased by 150% over 2018.
Read the full impact report here.