Entries by deborah

Five Star Plating

Five Star Plating provides quality metal coating and plating services in Massachusetts. Headquartered in Lawrence, MA, they employ over 47 community members and plan to grow their productive capacity, offer new services, and automate processes, adding 30 more jobs in the next three years. The CEO and founder, Fausto Garcia, is a Latino business owner […]

Sunwealth

Sunwealth is a pioneering clean energy investment firm working to unleash the power of commercial solar by delivering meaningful returns and tangible impact. In 2017, the company received loans from the BII pilot fund to help finance clean energy on houses of worship and to aggregate solar energy on low-income housing and anchor non-profits in […]

Commonwealth Kitchen

Commonwealth Kitchen is a nonprofit culinary incubator that provides shared kitchen space for small food-related businesses. Since 2009, CWK has launched more than 120 businesses. The incubator currently services 50 businesses per month, 70 percent of which are women- or minority-owned, and has created over 350 jobs. BII has been investing in CWK since 2013. […]

Meetcaregivers

Meetcaregivers is a home healthcare business that connects families with pre-screened and qualified caregivers for their aging parents at as much as half the cost of traditional agencies. Recently, the business developed a basic/free version of an app that can track and coordinate health among caregiver and family members. In 2019, BII Fund provided a […]

BII releases its 2018 Impact Report

The Boston Impact Initiative Fund released its 2018 Impact Report. The 18 enterprises in the fund are majority owned, run and staffed by people of color. The vast majority of employers pay well above a living wage, and there is no gender wage gap. Every dollar that we invested leveraged $14 of follow-on capital. Read […]

Somerville Community Corporation Receives Bridge Loan for Affordable Housing Project

Somerville Community Corporation is a membership organization that provides leadership for sustaining the City of Somerville as a vibrant, diverse and tolerant community. The SCC offers services and leads community organizing that supports low- and moderate-income Somerville residents in their efforts to achieve economic sustainability and increase civic participation. One of their core affordable housing […]

Somerville Community Corporation

Somerville Community Corporation is a membership organization that offers services and leads community organizing with low- and moderate-income Somerville residents. They focus on access to affordable housing, employment programs that connect workers to good jobs, and leadership and civic participation within underrepresented communities. In 2019, BII Fund provided a loan to support their plans to […]

Futuro Media

Futuro Media Group creates multimedia content for and about underrepresented communities in an increasingly diverse world. Founder Maria Hinojosa is an award-winning news anchor and reporter who has covered America’s untold stories for over two decades. Futuro has developed the Community Podcast Lab, a 15-week pilot program in Boston focused on elevating the narratives and […]

Futuro Media Group Receives Bridge Loan

Futuro Media creates multimedia content for and about underrepresented communities in an increasingly diverse world. FMG has developed the Community Podcast Lab, a 15 week pilot program in Boston focused on elevating the narratives and story-telling skills of people of color in Boston. In 2019, BII provided a $150,000 bridge loan to cover costs of […]

50 Kitchen

50 Kitchen is a restaurant and catering service in Fields Corner, Dorchester. The fusion cuisine menu featuring Asian and Southern influence is inspired by the neighborhood’s multicultural population. Husband-and-wife owners Anthony and Evette Caldwell are committed to creating job opportunities in the local community. In 2019, BII Fund partnered with LEAF, the City of Boston, […]