Wash Cycle Laundry is a commercial laundry service that provides second-chance employment for vulnerable adults in Boston, Philadelphia and Washington DC. The company relies on high-efficiency washers and driers and delivers laundry by bike–saving thousands of gallons of water a year as well as fuel. In 2017, BII Fund made an equity investment to support the company’s expansion to the Boston metro area. Learn more
Democracy Brewing is a start-up worker-owned brewery and pub committed to providing great beer and hosting community conversations about democratic ideals of liberty, justice and equal opportunity. As a cooperative, the business creates the opportunity for all its workers to enjoy the profit and pride that comes with ownership. The Brewery will open its doors at 35 Temple Place in March 2018. In 2017, BII Fund purchased Direct Public Offering shares. Learn more
DoneGood, a certified B Corp, is an app and browser extension that harnesses consumer purchasing as a force for change, helping consumers discover vetted companies with ethical practices across eight categories: Go Green, Give Back, Support Workers, Nontoxic, Made in USA, Cruelty Free, Organic, and Diversity. In 2017, BII Fund made a convertible debt investment to support the platform in its efforts to redirect consumer dollars toward businesses owned by people of color and women. Learn more
Massachusetts Pathways LLC, a collaboration between Commonwealth of Massachusetts, JVS Boston, and Social Finance, is the nation’s first adult education/employment Pay for Success Bond in the country. This $15 million project will provide adult education and employment services to nearly 3,000 individuals across the greater Boston area, north shore, and metro-west. In 2017, BII made an investment into the project that will be repaid based on successful social outcomes. Learn more
Sunwealth is a pioneering clean energy investment firm determined to unleash the power of commercial solar by delivering meaningful returns and tangible impact. Sunwealth’s Boston Interfaith Solar Project provides project financing and development of solar on houses of worship. In 2017, BII provided a loan to help finance clean energy on three houses of worship in Dorchester, Jamaica Plain and Roxbury, thereby reducing energy bills. Also in 2017, we made a second investment in a fund that aggregates low-income homeowners and anchor non-profits in economically distressed neighborhoods. Learn more
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.
WeSpire is an employee engagement platform that empowers forward-thinking global organizations to enhance their results. WeSpire helps employees build awareness, take action and inspire others to participate in programs including sustainability, culture, and team building. In 2016, Boston Impact Initiative LLC made an equity investment to support WeSpire’s growth and expand the platform’s diversity and inclusion offerings. Learn more