Social Good Marketing provides integrated marketing services to small and medium businesses and nonprofits. They aim to help local organizations build brand awareness and make social change. Services include research, planning, strategy and training at below-market rates so social change organizations can benefit. The Boston Impact Initiative provided a grant through the Fields Corner Business Lab to sponsor free office space.
Smarter in the City is the first high tech startup business accelerator in Roxbury. At the center in Dudley Square, SITC supports local entrepreneurs from underrepresented communities in the tech sector to advance their technology-focused businesses. The Boston Impact Initiative provided early stage operating grants to help SITC serve local tech entrepreneurs of color. Learn more
Renew Energy Partners is a project development firm that specializes in energy efficiency retrofits in New England. In 2014, BII became an anchor investor in a program that brings efficiency upgrades to underserved markets, including Greater Boston’s non-profit buildings and houses of worship. The energy efficiency retrofits contribute to reduced energy costs, making more resources available to provide services. Learn more
M.S. Peltier Insurance is a black-owned business with expertise in construction, marine, real estate and transportation industries. The company plans to grow its workforce, which it aims to be comprised of at least 50 percent employees of color. M.S. Peltier is committed to serving Dorchester and Caribbean communities. In 2016, BII provided a loan to support business acquisition and establishment.
Lady Dye Yarns is an eco-friendly yarn business that creates vibrant and colorful hand-painted yarns and accessories that are inspired by street art and city living. As an African-American woman entrepreneur, founder Diane Ivey has a commitment to diversifying the homogenous yarn industry through speaking out and attracting other minorities to the sector. The Boston Impact Initiative provided an early loan to help scale national marketing and sales. Learn more
Described as the “LinkedIn for the LinkedOut,” LaborX hosts a web platform that matches employers with skilled job-seekers without college degrees and from other non-traditional backgrounds. Founded by Yscaira Jimenez, a Dominican immigrant from the Bronx, LaborX helps to create living-wage job opportunities for largely working class people of color. In 2016, BII provided convertible debt to support LaborX’s launch. Learn more
Jubali is a brand embodying the desire to transform through vitality. They believe that food is a crucial element of the more beautiful world in which we want to live and which we are working to create—a world of vibrantly healthy people living on an ecologically thriving planet. Jubali’s goal is to make the healthiest, most delicious food and drinks they can while making a positive social and environmental impact. The Boston Impact Initiative made a convertible debt investment to help Jubali respond to rapid growth opportunities. Learn more
Green City Growers transforms unused space into thriving urban farms, providing clients with immediate access to nutritious food while revitalizing city landscapes and inspiring self-sufficiency. The company makes innovative use of rooftops, vacant lots, parking garages and other previously unutilized spaces to grow vegetables for clients including Whole Foods Market, b.good, and the Boston Red Sox’ Fenway Park. In 2016, BII purchased Direct Public Offering shares. Learn more
Grameen America is a non-profit micro-finance agency, serving low income women in Greater Boston neighborhoods. Grameen American replicates the circle lending model pioneered by Nobel Peace Prize recipient Muhammad Yunus in the first Grameen Bank in Bangladesh. Grameen America has disbursed over $135 million in small loans since its founding in 2008. The Boston Impact Initiative provided an operating grant and loan to facilitate the opening of a Grameen branch office in Boston. Learn more
Good Clothing Company is dedicated to rebuilding the U.S. apparel manufacturing industry. They work with emerging designers and eco-fashion pioneers looking for a production partner to scale with them. Employing predominantly women, immigrants and low-income people, the company invests in training to move workers from a single production component towards the art and skill of garment construction. In 2016, BII provided a loan to support growth of the company’s Fall River operations to meet client demand. Learn more