ChopValue manufactures and sells circular economy wood products and furnishings made entirely out of previously discarded chopsticks.
By 2045, communities of color will become the new majority of our country—our workforce, our electorate, and our economy. Businesses owned by entrepreneurs of color generate:
And yet, Massachusetts Black and Latino entrepreneurs have an unmet capital demand of $574 million annually. Only 66 percent of businesses owned by Black and Latino entrepreneurs receive even a portion of the capital they are seeking, significantly less than their white peers.
We recognize the vital role entrepreneurs of color play in our economy and the tremendous funding challenges they face. Through BII Fund II, we seek to fill the growing demand for patient, non-extractive equity capital for high impact enterprises and real estate projects that provide systemic solutions that build power for communities of color.
BII Fund II will invest in social enterprises owned by entrepreneurs of color who are committed to charting new markets, democratizing ownership and decision-making in the workplace, growing climate resilience and providing systemic solutions that build power for communities of color. The fund will also invest in commercial and residential real estate projects that support community ownership and control of land to prevent displacement.
As impact investors, we evaluate investments across these four criteria.
We also incorporate impact measurement and management at every stage of the investment cycle: impact criteria at due diligence, impact covenants in investment structuring, and impact measurement annually during the life of the investment.
BII Fund II also provides technical assistance, business coaching, connections, and educational programming to support its portfolio investments, strengthen the impact of these enterprises in their communities and improve the effectiveness of entrepreneurial services.
THIS OVERVIEW IS NOT INTENDED TO BE AND DOES NOT CONSTITUTE AN OFFER, OFFERING AND/OR SOLICITATION OF SECURITIES BY BOSTON IMPACT INITIATIVE FUND OR BOSTON IMPACT INITIATIVE FUND II LLC. Information in this summary should not be considered as advice or a recommendation to investors or potential investors and does not take into account your particular investment objectives, financial situation or needs. Before acting on any information you should read the offering memorandum and seek independent financial and investment advice.
“BII brings deep financing experience and mission commitment to all of its work. I am excited that with BII Fund II, the organization will be applying this to more shared-ownership businesses like cooperatives.”
“As a city and a region, we need to build an economy that’s structurally inclusive and equitable. BII Fund II is an important tool that allows regular people to invest in a more equitable and bright future for our city.”
“BII’s investment process asks the hard and right questions on both finance and impact. Its multiracial perspective and deep community and financial expertise equips it to deploy catalytic capital to support innovative models that will drive systemic change. Our world needs more investors like BII.”