BII Stands with the AAPI Community

Dear Friends,

Boston Impact Initiative condemns the racially motivated murders in Atlanta on March 16th. This act is another case of the uniquely American plague of mass shootings, which tragically occurred again just days later in Boulder. But the Atlanta attack was a mass shooting mixed with white supremacy – something that we also witnessed in Charleston in 2015, Pittsburgh in 2018, and El Paso in 2019. We stand with the Asian American and Pacific Islander community in their grief, and we lift up the experiences of women, for whom this violence is appalling yet its misogynist roots are familiar. For the AAPI community, this is another horrific incident in a long history of being targeted, excluded, and scapegoated in this country.

For me, I feel a personal connection with the AAPI community. My grandmother, Fredisvinda, came to the U.S. from the Philippines as a war bride in 1951. The U.S. held the Philippines as a colony from 1898 to 1946 and maintained an enormous naval base there until 1992. My American grandfather was in the U.S. Navy during WWII, stationed at Subic Bay.

When my grandparents moved back to the States with their daughters, they settled in Pennsylvania and my grandmother made her new home despite being faced with anti-Asian sentiment. This harassment ranged from neighbors protesting when my grandparents purchased their house to people yelling “Die, Japs!” and making machine-gun noises when my grandmother was out with her daughters. But my grandmother loved the U.S. She was the first in her family to emigrate and she encouraged many Filipino relatives to become U.S. citizens by serving in the U.S. Navy.

I am sharing this personal story to say that the people who were murdered on March 16th, most of them Asian-American women, each had their own story. And like my grandmother, many were striving for a decent life despite the anti-Asian harassment and violence perpetuated by their neighbors and the government.

At BII, we are standing in solidarity with the AAPI community in the Boston area, which has suffered harassment, economic hardship, and lack of access to capital, especially in the last year. Here are some organizations that are doing exceptional work in Eastern MA. Please join us in supporting them.

Chinatown Community Land Trust
Chinese Progressive Association
The Boston Foundation Asian Community Fund
VietAID

 

BII Seeks Impact Investment Associate

JOB DESCRIPTION

Impact Investment Associate

Location: Boston, MA

Industry: Non-profit / Financial Services

Employment Type: Full-time

 

Contact: jobs@bostonimpact.com

 

Overview

The Boston Impact Initiative Fund is an impact investing fund dedicated to closing the racial wealth divide. We invest integrated capital (equity, debt and grants) in regenerative local enterprises that restore the productive capacity of communities of color in Eastern Massachusetts. We are a 501(c)3 charitable loan fund that has raised $7M from values-aligned accredited and non-accredited investors. We also host a cohort of 11 communities around the country seeking to design and launch integrated capital funds dedicated to closing the racial wealth divide.

 

BII pioneers an integrated capital approach for capital deployment. We believe that we can best support the creation of resilient local economies by using a range of integrated capital tools: loans, credit enhancements, equity investments, royalty finance, direct public offerings, crowdfunding, grants and more. 

 

Responsibilities

The Impact Investment Associate plays a significant role in BII’s integrated capital strategy. The primary responsibilities include vetting prospective investments and providing on-going support to existing portfolio companies. Responsibilities also include:

  • Conduct due diligence for prospective investment opportunities.
  • Maintain portfolio tracking reports and written documentation on investment decisions.
  • In collaboration with colleagues, discover, define and evaluate new investment opportunities and their fit in the portfolio.
  • Research and present analyses of the total portfolio performance and risk profile.
  • Collect legal documents from companies and liaise with fund attorneys to put together documents for investment.
  • Coordinate and attend annual meetings with portfolio companies, assist with analysis of impact data, assist with annual impact report, and assist with on-going impact management of portfolio.
  • Track technical assistance provided to portfolio companies.
  • Perform any and all other duties and responsibilities of a similar nature and character those above, which may be assigned and/or directed.

 

Qualifications 

  • Bachelor’s degree and a minimum of 1 year of relevant work experience in FP&A, Corporate Finance, and/or Business Controller positions.
  • Demonstrated interest in and understanding of economic justice, gender equity,  sustainability, and/or related topics.
  • Excellent skills in quantitative analysis, problem solving and general critical thinking. 
  • Resourceful, proactive, able to prioritize and navigate in a fast-paced team-oriented environment.
  • Unquestioned ability to handle confidential information in a professional manner. 
  • Knowledge of investment assets (e.g. stocks, bonds, property, commodities, cash) and markets. Knowledge of analytical methods for determining fair value and an investment’s merits. Knowledge of investment implementation methods, including types of fund vehicles (e.g. mutual funds, ETFs, private partnerships) and typical fund terms in both public and private asset classes. 
  • Bilingual in Spanish is a plus.

 

Compensation and Benefits

This is a full-time, exempt position. The salary range is $50,000 – $65,000 and commensurate with experience. Boston Impact Initiative offers a work environment that supports the unique needs of each employee to balance work and life. We offer a benefits package that includes an employee bonus pool, remote and flexible work options, health coverage, paid time off and professional development support. 

How to Apply

The Boston Impact Initiative is an equal opportunity employer. Boston residents, women, people of color, immigrants, queer and gender nonconforming people strongly encouraged to apply. 

To apply, please email your cover letter, resume, up to 3 references, and a link to your portfolio or examples of relevant work ​to jobs@bostonimpact.com​.

In your cover letter,​ ​please answer the following questions with no more than 3-5 bullet points per question:

  • What about BII’s mission appeals to you?
  • How does this role align with your current career trajectory?
  • What aspects of your experience are you most eager to contribute toward this role?
  • Anything else you would like us to know.

Our ideal start date for this role is April 2021 with interviews beginning in late February 2021. Applications will be evaluated as they arrive and the position will remain open until filled.

Job Posted on DATE 2/9/21

BII Seeks Senior Communications Associate

JOB DESCRIPTION

Senior Communications Associate

Location: Boston, MA

Industry: Non-profit / Financial Services

Employment Type: Full-time

 

Contact: jobs@bostonimpact.com

 

The Boston Impact Initiative Fund is an impact investing fund dedicated to closing the racial wealth divide. We invest integrated capital (equity, debt and grants) in regenerative local enterprises that restore the productive capacity of communities of color in Eastern Massachusetts. We are a 501(c)3 charitable loan fund that has raised $7M from values-aligned accredited and non-accredited investors. We also host a cohort of 11 communities around the country seeking to design and launch integrated capital funds dedicated to closing the racial wealth divide.

 

Position

We are seeking a full-time Senior Communications Associate to partner with our team in creating content, conversations and events that engage stakeholders both locally and nationally in learning what it takes to invest to close the racial wealth divide. We are seeking someone who shares our beliefs that:

  • Current capital markets aren’t working
  • Investment decisions should not be strictly financial
  • We have much to learn from emerging models of impact investing, solidarity economics and justice movements

 

The Senior Communications Associate will help make visible what we’re learning through: producing content for our digital assets (social media, website, newsletter, impact report and videos); producing media assets for our stakeholders (such as cohort members); assessing the impact of our content through insights and data; placing articles; identifying platforms and partners for distributing our curriculum; and designing and hosting events.

 

ROLES AND RESPONSIBILITIES   

  • Developing and publishing multi-platform content
  • Producing newsletters, reports, charts, audio and video assets that meet the needs of diverse stakeholders to learn with and from us
  • Authoring and placing articles that make visible our work and the work of the people we serve, such as cohort members.
  • Identifying and managing a platform through which we can deliver our curriculum.
  • Building partnerships and joint ventures to distribute our curriculum.
  • Managing contractors as needed.

 

DESIRED SKILLS AND EXPERIENCE

  • Minimum 5 years’ experience in strategic communications
  • Demonstrated interest in and understanding of economic justice, racial justice, gender equity, sustainability, and/or related topics
  • Ability to be self-directed; entrepreneurial experience a plus    
  • Willingness to continuously learn and adapt
  • Resourceful, proactive, able to prioritize and navigate in a fast-paced team-oriented environment.
  • Strong project management skills
  • Excellent interpersonal skills including verbal and written communication     
  • Excellent organization, attention to detail and follow-through
  • Graphic design  and Adobe skills. Experience with WordPress and video editing a plus.
  • Bilingual in Spanish a plus


Compensation and Benefits

This is a full-time, exempt position. The salary range is $65,000 – $80,000 and commensurate with experience. Boston Impact Initiative offers a work environment that supports the unique needs of each employee to balance work and life. We offer a benefits package that includes an employee bonus pool, remote and flexible work options, health coverage, paid time off and professional development support. 

 

How to Apply

The Boston Impact Initiative is an equal opportunity employer. Boston residents, women, people of color, immigrants, queer and gender nonconforming people strongly encouraged to apply. 

To apply, please email your cover letter, resume, up to 3 references, and a link to your portfolio or examples of relevant work ​to jobs@bostonimpact.com​.

In your cover letter,​ ​please answer the following questions with no more than 3-5 bullet points per question:

  • What about BII’s mission appeals to you?
  • How does this role align with your current career trajectory?
  • What aspects of your experience are you most eager to contribute toward this role?
  • Anything else you would like us to know.

 

Our ideal start date for this role is April 2021 with interviews beginning in late February 2021. Applications will be evaluated as they arrive and the position will remain open until filled.

Job Posted on DATE 2/9/21

Nonprofit Chelsea Business Foundation Receives Loan from BII

The Chelsea Business Foundation is a nonprofit organization that invests in the development of the business community in Chelsea, MA and fosters increased access to resources for Chelsea’s Latino business community and other small businesses. Its goal is to create an engaged community by hosting events and providing resources, technical assistance, and financial support. CBF is an enabler for small business owners to grow and scale their businesses. In 2020, BII provided a loan and a line of credit to Chelsea Business Foundation to support its technical assistance for small businesses.

Learn more about Chelsea Business Foundation

El Planeta Receives BII Loan to Meet Growing Demand

El Planeta is an integrated Latinx news company producing content and events relevant to the Latinx community in Massachusetts. Its reach spans to more than 200K people on a weekly basis through print, television, and digital. During the pandemic the readership increased to 500K. With more than 10 countries represented in the staff, El Planeta is an essential link between organizations, companies, and government to the Latinx community and highlights stories of under- represented Latinx communities. In 2020, BII provided a line of credit to El Planeta.

El Planeta’s Javier Marin on working with Henry Noel Jr. to close his loan from BII:
“[Henry] knows exactly how to speak to a small minority business owner. We are small in size but giants in spirit. Our companies are our life. Henry managed to convince me that BII was more a partner than a lender. At the end, we both worked tirelessly to get the loan efficiently closed before year-end. I will always be grateful to him and BII. You guys bring more than just funding, it is like air to breathe, energy to think and force to grow.”

Learn more about El Planeta

MentorWorks Partners with Impact Investors to Fund ISAs

MentorWorks aims to make higher education and technical training more accessible through income share agreements (ISAs). In partnership with different universities and community colleges, MentorWorks provides both income-share based education financing and career mentorship, the first platform to do so. In addition to expanding access to higher education, MentorWorks models inclusive ownership. 50% of the business is owned by people of color, and employees have equity in the company.

In 2020, BII invested in MentorWorks through a special funding vehicle (SPV), along with ECMC Foundation, enabling Mentorworks to fund the higher education of students, primarily of color, who are attending community colleges or enrolled in technical training programs in Boston.

Learn more about MentorWorks

BII Seeks Interns for Spring 2021

Boston Impact Initiative is looking for an Impact Investment Intern and a Marketing Intern for 8 to 10 hours per week during Spring Semester 2021.  This is a remote and unpaid internship, but we can provide support needed to get school credit and/or funding.

Deadline for applications for Spring is Jan 1st. Email jobs@bostonimpact.com with a resume and brief cover letter. Please note the internship that you are applying for in the subject line of the email.

Please scroll down for internship descriptions.

Impact Investment Intern

Responsibilities

The Impact Investment Intern plays a significant role in BII’s integrated capital strategy. The primary responsibilities include working together with the Impact Investment Associate and Directors in analyzing prospective investments and providing on-going support to existing portfolio companies. 

  • Maintain a thorough understanding of the investment thesis and mission of BII
  • Investment Analysis: Financial modeling, valuation, industry or asset class research, and general investment diligence
  • Portfolio Analysis: Support the Staff in performing analysis on existing investments, frequently with the intent of communicating conclusions and recommendations to the Staff or the Investment Committee
  • Administration: Maintenance of BII’s electronic files, operating / investment reports, and other reporting
  • Miscellaneous: Perform any such duty as necessary to support BII’s impact and financial processes.

Qualifications 

  • Must be enrolled in an undergraduate or graduate degree program
  • Demonstrated interest in and understanding of economic justice, sustainability, and/or related topics
  • Excellent skills in quantitative analysis, problem solving and general critical thinking
  • Strong written and verbal communication skills
  • Resourceful, proactive, able to prioritize and navigate in a fast-paced team-oriented environment
  • Ability to manage multiple tasks and to meet deadlines 
  • Excellent organization, attention to detail and follow-through
  • Unquestioned ability to handle confidential information in a professional manner 
  • Possess analytical skills and an interest in financial markets, public policy and social and environmental issues
  • Proficiency with MS Office (Excel, Word, PowerPoint)
  • Knowledge of investment assets and markets. Knowledge of analytical methods for determining fair value and an investment’s merits. Knowledge of investment implementation methods and typical fund terms in both public and private asset classes

Marketing Intern

Responsibilities

The Marketing Intern plays a significant role in BII’s communications and social media strategy. The primary responsibilities include working with the Impact Director to manage communications materials and social media channels. 

  • Maintain a thorough understanding of the investment thesis and mission of BII
  • Create communications collateral and write content for each new investment.
  • Curate content for social media channels (Twitter, Instagram, Facebook, LinkedIn), including portfolio updates, thought-leadership content, and other information. 
  • Meet goals of organically growing followers across all social media platforms.
  • Miscellaneous: Perform any such duty as necessary to support BII’s impact and marketing processes.

Qualifications 

  • Must be enrolled in an undergraduate or graduate degree program
  • Demonstrated interest in and understanding of economic justice, sustainability, and/or related topics
  • Excellent written and verbal communication skills
  • Familiarity with the use of social media in broader communication strategy
  • Resourceful, proactive, able to prioritize and navigate in a fast-paced team-oriented environment
  • Ability to manage multiple tasks and to meet deadlines 
  • Excellent organization, attention to detail and follow-through
  • Unquestioned ability to handle confidential information in a professional manner 
  • General understanding of investment principles, impact investing, small business, social entrepreneurship, and/or other related topics. 
  • Proficiency with MS Office (Excel, Word, PowerPoint)

Valley Home Insulation Receives Investment to Expand During Pandemic

Valley Home Insulation is a Latinx-owned company that offers residential insulation and weatherization services in Lawrence and the surrounding Merrimack Valley. Following the 2018 gas explosions, Columbia Gas offered 100% reimbursement for insulation and weatherization services on all homes it serves in the Merrimack Valley through the end of 2020. VHI leverages cultural competency and community presence to provide these services to low- and moderate-income residents of this region.

In 2020, BII provided VHI with a term loan, enabling them to expand their business and purchase an additional truck. BII’s loan also helped VHI hire a second crew of three workers at a living wage.

Learn more about VHI

BII Businesses You Should Buy From

Holiday season is nearly upon us. Here’s how you can support local businesses and give your loved
ones something delicious or delightful to pull them out of the pandemic blues.

50 Kitchen is an American Southern fusion restaurant in Fields Corner, Dorchester. With tasty menu items like Shrimp & Grits, Smoked Brisket Bahn Mi, and Spicy Bang Bang Cauliflower, once you try it, you’ll be back for more! Order for pick up here, or you can dine-in for the full experience. (IG @chef_50)

88 Acres makes delicious bars, butters, ‘nola, and salad dressings from nutrient-rich sunflower, pumpkin, and watermelon seeds. You can buy their products from their online store and Whole Foods, Target, and other grocery stores. (IG @88acres)

Delectable Desires Pastries makes beautiful custom cakes for special occasions and delicious pies and baked good for the holidays! Located in West Roxbury. Call ahead to order today (617) 678-6001 (IG @delectabledesirespastries)

Done Good is the one-stop-shop for buying sustainable and ethically made products. You can find clothes and accessories, home décor, selfcare items, and outdoor goods from thousands of brands. You can even filter by your values, like Made in USA, Women/POC-owned, and Recycled/Upcycled. Get ADD’L $20 off $100+ purchase w/ code: BostonImpact20 until 12/31/20!  (IG @donegoodteam)

Fresh Food Generation is a farm-to-plate caterer, food truck and café that serves up healthy Caribbean-inspired cuisine. Order catering for your next socially distanced backyard gathering or visit the truck when it is out and about in Boston. (IG @freshfoodgeneration)

Math Talk CEO, Omo Moses, wrote a sweet educational children’s book called Sometimes We Do, illustrated by Diego Chaves. It models ways for fathers to teach math to their small children in everyday interactions. It’s written for Pre-K and K children and you can purchase it for little ones in your life on the Tumblehome Publishers website, it’s also available at Target and Amazon.

Sweet Teez Bakery is a nut-free baker that makes gorgeous cakes and cupcakes with your logo in edible frosting! They are also known for their special Jamaican Rum Cake. See all their offerings and order online or fill out this form for a special occasion order. (IG @sweetteezbakery)

Capital Good Fund Partners with BII to Bring Immigration Loans to MA

Capital Good Fund is a Community Development Financial Institution that offers small loans and personal financial coaching to low-to-moderate income families. Their loans help people with less-than-perfect credit with a variety of expenses like medical bills, car purchases, immigration fees, and even unexpected emergencies, all at rates much lower than offered by payday lenders. In November, BII closed debt and grant investments with Capital Good Fund.

With BII’s funding, Capital Good Fund is introducing their immigration loan product to MA, helping people affordably cover the costs of immigration application! BII provided a grant so that the loans can be offered at a lower rate in our state. Additionally, we are supporting their DoubleGreen Loan product, an interest free loan that helps homeowners become more energy efficient.

Learn more about CGF