Henry Noël Jr Joins BII as Investment Director

Henry Noël Jr describes himself as a passionate champion of rigorous investment analysis coupled with purposeful attention to measurable, social and environmental impact. He has over 20 years of experience evaluating investment opportunities, structuring securities, raising capital and financing business growth. As a manager with experience in investment management and strategic corporate consultancy, Henry brings tremendous insight and value to clients ranging from early-stage private ventures to public micro- and mid-cap companies. Henry is focused on the intersection of impact investing, economic justice, and building resilience in inner-city communities from the ground up.

Henry replaces Pablo Limon, who is departing this month to return home to Mexico City to work with his family business. He offered these words to share with the BII community: “It has been a privilege and honor to help bring BII’s integrated Capital approach to many businesses over the past two years. I am thrilled that Henry Noël Jr. will be joining the team as Investment Director, and he brings with him a wealth of experience and relationships. I have no doubt that BII’s investment thesis is as relevant now as ever, and there’s still plenty of work to do to help close the racial wealth divide in Eastern Massachusetts” Good luck, Pablo! We are eagerly awaiting your call one day to say you’re ready to start the Mexico City Impact Initiative!

Somerville Community Corporation Receives Second Bridge Loan for Affordable Housing Project

Founded in 1969 as a service center to assist low-income Somerville residents, the Somerville Community Corporation (SCC) has served as a community organizing hub and service provider for over fifty years. A membership-based organization rooted in the Somerville community, the SCC established Somerville’s first soup kitchen and has led numerous successful campaigns to improve access to quality affordable housing. More recently, the SCC has launched participatory community planning initiatives and supported the Community Benefits Agreement in order to combat destructive gentrification.

BII is proud to partner with the SCC as it continues to advocate for affordable housing and economic opportunity in Somerville. In addition to representing the interests of low- and mid-income Somerville residents, the SCC provides quality benefits to its employees, 30% of whom are people of color and 41% of whom are women. By providing the SCC with a bridge loan in 2019 and again in 2020, BII has allowed them to acquire new affordable housing units for the primarily low-income and immigrant families they serve while continuing their advocacy for the Somerville community. Learn more.

BII Seeks Marketing Intern for Fall

Boston Impact Initiative is looking for a Marketing Intern for 8 to 10 hours per week during Fall Semester to write content for our website and social media channels and help with virtual event planning. This is a remote and unpaid internship, but we can provide support needed to get school credit and/or funding.

Email jobs@bostonimpact.com with a resume and brief cover letter if you’re interested! Deadline for applications for Fall is Sept 15th.

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.
  • Update social media channels (Twitter, Instagram, Facebook, LinkedIn) with portfolio updates, thought-leadership content, and other information.
  • Meet goals of organically growing followers across all social media platforms.
  • Assist in planning virtual events as needed.
  • Miscellaneous: Perform any such duty as necessary to support BII’s impact and marketing processes.
  • 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)


EdTech Startup, AllHere, Receives Equity Financing from BII

We’re proud to announce an equity investment in AllHere, a software startup founded and headquartered in Boston that combats absenteeism in public school districts through technological services. Founded by Joanna Smith, a woman of color and a former district attendance and family engagement coordinator for the Boston Public Schools, this platform helps educators document absences, recognize patterns of absenteeism, and create action plans. AllHere’s products have been shown to successfully recover 47% of truant students, reduce chronic absenteeism by 30%, and improve the attendance of 83% of all students!
In the midst of the Covid-19 pandemic, these services are more vital than ever. In the words of founder Joanna Smith, “Equity is absolutely at stake. When school returns this fall, there will likely be an increase in distance or remote learning, or blended in-class and remote learning, and with that, students of color and students in Boston whose families are facing economic challenges will need our collective support, more than ever.”
We look forward to supporting AllHere’s indispensable work in our schools and communities.

BII is hiring an Investment Director


Investment Director

Location: Boston, MA

Industry: Non-profit / Financial Services

Employment Type: Full-time


Contact:  Please send a resume and cover letter to jobs@bostonimpact.com

Please include INVESTMENT DIRECTOR in the title of your email. 



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 are seeking a full-time Investment Director to partner with our Impact Director in developing and managing a strong and vibrant portfolio. 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

As Investment Director, you’ll identify innovative and inclusive opportunities for lending and investing, manage and monitor portfolio performance, and build partnerships with local organizations. The successful candidate has experience in deal origination, financial analysis, capital structuring and portfolio management, and a willingness to apply those skills in directing capital toward racial justice.

The Investment Director will maintain good relations and integrity in the community and in transactions with prospective and completed investments. We are committed to healthy, long-term relationships with our portfolio companies, providing technical assistance so we can support their efforts to grow their business and deepen their social impact. An essential responsibility of this position is to model what can be done with capital and partnerships to help build a resilient and equitable local economy.


  • Serve in a high-visibility leadership role to help transform local economy investing practices
  • Identify opportunities for investing, lending and grantmaking
  • Perform robust investment analysis, due diligence and market research
  • Select and present investment opportunities to investment committee
  • Coordinate closing process, including impact covenants and capital disbursement
  • Maintain healthy relationships with all portfolio organizations by supporting them in increasing financial resilience and social impact
  • Measure and track portfolio companies to ensure they meet impact and financial targets and reporting obligations


  • Minimum 5 years’ experience in lending and/or investing
  • Demonstrated interest in and understanding of economic justice, racial justice, gender equity, sustainability, and/or related topics
  • Possess analytical skills and an interest in financial markets, public policy and social and environmental issues
  • Excellent skills in quantitative analysis and creative approach to structuring debt and equity investments
  • 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.
  • Experience living and working in Boston a plus
  • Bilingual in Spanish a plus

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

BII Releases its 2019 Impact Report

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.

Nonprofit Futuro Media Group Receives BII Loan

Futuro Media Group creates multimedia content for and about underrepresented narratives 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.

In 2019, BII provided a bridge loan to cover costs until a MacAurthur Foundation grant was paid. In 2020, BII provided a term loan and a line of credit for growth and navigation of funding cycles. We are thrilled to be working with this innovative and diverse organization again!

Quality Interactions receives second BII Investment

Quality Interactions is an e-learning platform that provides cultural competency training for healthcare professionals. The platform helps healthcare providers reduce unconscious bias and as a result improve health outcomes for patients of all cultural backgrounds, including people of color, immigrant, bilingual and LGBTQ patients, and those who are uninsured. The company’s clients include Mass General Hospital, Aetna, and Dana Farber Cancer Institute. In 2019, Quality Interactions partnered with the Mayo Clinic on a large deal that has set the company up well for the next stage of growth.

In 2018, BII Fund made a convertible debt investment to support product development and growth. In 2020, BII Fund made a second loan to support company growth as they service larger contracts and expand content. We are happy to be supporting them through this stage of their business!

BII Co-Founder Pens Article on the Power of Philanthropy

Deboarh Frieze, BII Board President and Co-Founder, co-authored an article with Tyler Nickerson of Amalgamated Bank in The Chronicle of Philanthropy.

Financial Leaders at America’s Foundations Have the Power to Reshape Philanthropy

“[I]t’s imperative that foundations unite their assets to advance goals for social change. More and more, chief financial officers and investment officials are joining forces with those who make grants to advance the cause of economic justice. But we need far more action because the money that asset managers control — already tax-advantaged, uniquely flexible, and approaching 1 trillion dollars in value — can transform our society.” Read the full article. 

BII Fund-Building Cohort Featured in Next City

The BII Fund-Building Cohort was featured in Next City:

Sharing a Legal Template for Investing in Racial Justice by Oscar Perry Abello

“When Deborah Frieze goes out in search of new investors for the Boston Impact Initiative Fund, her pitch starts out with some pretty lofty goals, but then it goes a few degrees beyond some of the loftiest-sounding investment funds out there.” Read the full article.