We meet entrepreneurs where they are
Since 2017, BII has deployed $18 million across New England through flexible debt and equity financing to businesses, cooperatives, and real estate projects.
Directly from Our Portfolio
Rabbit Hole Housing Cooperative
Rabbit Hole Housing Cooperative (RHH) is a group-equity housing cooperative in Portland, Maine, dedicated to providing affordable, safe, and welcoming housing for the queer and transgender community. RHH operates under democratic governance using Sociocracy 3.0 principles, with four councils (Organizing, Finance, Membership & Events, and Maintenance) that ensure all affected members participate in decision-making. The cooperative features a low share buy-in paid over 12 months, making membership accessible while building collective ownership. In 2025, BII provided acquisition financing to support RHH's purchase of a 7,215 square foot property with capacity for 8-9 bedrooms that will serve founding members and future…
Wellspring Harvest
Wellspring Harvest provides fresh, local, and sustainable produce year-round while fostering economic empowerment in the community. As a worker-owned cooperative, they operate the largest urban greenhouse in Massachusetts, located in Springfield. They sell hydroponic lettuce and herbs to commercial and institutional customers, including local supermarkets, hospitals, and schools. In 2016, the BII Pilot Fund provided a loan for startup costs.
Urban Farming Institute
UFI uses urban farming practices as a means of addressing various societal challengs, including food insecurity, limited access to fruits and vegetables and the decline of community connection. In 2018, BII Fund provided bridge finance to support the acquisition of equipment and supplies for the upcoming farming season.
Transformative Culture Project
TCP harnesses the economic power of creative arts for youth and community development. TCP works throughout the year with youth to produce events which shocases their content, connect with other artists, receive compr ensation and bring community members together for dialogue and action. BII has provided bridge financing to TCP twice before and in 2019 provided the nonprofit organization with a line of credit so that it can more easily navigate the grant cycles of various funders.
TARTTs Day Care
At the time of BII’s original investment, TARTTs Day Care was family-owned business that provided quality childcare services for children ages two months to five years. Founded by African-American nurse Bessie Tartt Wilson in 1946, the company was run by second, third, and forth generation family members whose aim was to provide a high-quality, well-rounded curriculum that enriches its children’s and families’ lives. TARTTs was acquired by a competitor in 2024 who retained all existing employees and is carrying forward TARTTs’ legacy. In 2019, Fund I made a loan for operational expenses of establishing a new center.
Roundhead Brewing Co.
Roundhead Brewing is the first Latino-owned craft brewery in the Boston area. The brewery sells a variety of craft beers and fresh pizza in the taproom and serves as a community space, hosting events with local partners and musicians at the brewery and around Boston. Roundhead Brewing also supports its workers by creating career pathways and paying a living wage, instead of sub-minimum, tipped wages. In 2021, Fund I provided a term loan as part of a larger equipment financing facility in partnership with RSF Social Finance to purchase electric brewing equipment.
Renew Energy Partners
Renew Energy Partners is a Boston-based energy efficiency project development firm that specializes in decarbonizing commercial buildings in New England. In 2014, BII joined as an anchor investor in Renew’s collaborative project with HEET, a local non-profit that focuses on bringing efficiency upgrades to underserved markets. The joint program brings upfront financing and project management to retrofit Greater Boston’s non-profit buildings and historic houses of worship to reduce energy costs and use across the sector.
MentorWorks
MentorWorks is a platform that helps to originate and facilitate Income Share Agreements (ISAs). They were among the first platforms to provide income-share based education financing coupled with career mentorship. In 2020, BII committed invested in MentorWorks through a special funding vehicle (SPV), enabling the company to fund the higher education of students, primarily of color, who are attending community colleges or enrolled in technical training programs in Boston.
Maven Construction
Maven Construction is a registered woman-owned, and minority-owned full-service general contracting firm that provides at-risk construction management services to municipal, institutional and private clients. In 2018, BII Fund provided project finance to support an energy efficiency project with Howard University.
Housing Corp of Arlington (HCA)
Housing Corporation of Arlington (HCA) is a well-established non-profit community development corporation dedicated to creating and preserving affordable housing in Arlington, Massachusetts. HCA operates comprehensive housing programs including affordable housing development and management, homelessness prevention services, and energy efficiency upgrades for low-income homeowners. The organization has built strong community relationships and successfully completed LIHTC deals throughout its history. In September 2025, BII provided subordinated debt financing to support HCA's acquisition of 59 affordable housing units at 840-846 Massachusetts Avenue and 1517 Newman Way, preserving critical Naturally Occurring Affordable Housing (NOAH) in a gentrifying area. This tenant-driven acquisition serves residents across…
Fresh Food Generation
Fresh Food Generation started its food truck business with an intention to serve healthy food in the low-income neighborhood of Boston. Today they are a restaurant, food truck and catering company. FFG combines New England ingredients with bold Caribbean and Southern flavors to create enticing locally sourced fresh food. In 2018, BII Fund provided a line of credit and convertible debt coupled with an innovative “self-liquidating equity” structure which allows management to buy back equity at fair and mutually agreed upon price.
Franklin Caraballo
Bookkeeper Franklin Caraballo LLC provides critical professional business consulting, business management, bookkeeping, and tax services to small Spanish-speaking businesses. Language is often a huge barrier for many startups, bodegas, and other businesses which can created a hesitancy in entrepreneurs to launch, grow, or expand their businesses. In 2021, BII made a loan for expanding the team and building out an online training platform.
Eastie Farm
Eastie Farm is a community-based non-profit focused on Climate Justice, Food Access, and building Community Resilience. They address these issues through creating green spaces throughout East Boston. With the help of neighborhood volunteers, they have transformed several vacant lots into community gardens. In 2021, Fund II provided a line of credit to Eastie Farm to finance grants and contracts from city and state agencies, as well as foundations.
Dorchester Food Cooperative
The Dorchester Community Food Co-op is a community and worker-owned cooperative market that provides economic opportunity and healthy affordable food. The Co-op is a space for education and cultural activities, and serves as a dynamic center for healthy eating and sustainable living in Dorchester. In 2013, BII provided grant funding to support the completion of a feasibility study and in 2015 purchased Direct Public Offering shares.
Done Good
DoneGood aspired to be the “Amazon of the new social impact economy” harnessing purchasing as a force for change, helping ethical consumers and companies find each other. DoneGood was a certified B Corp incubated at Harvard Innovation Lab. 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.
Colorful Resilience
Colorful Resilience is an outpatient mental health services practice specializing in serving the BIPOC, LGBT+, immigrant, and first-generation communities, as well as their allies. The practice is distinguished by its commitment to cultural competency and its focus on employee well-being and professional development. Colorful Resilience provides a clear pathway for early practitioners, starting as interns and progressing towards training, certification, licensure, and potentially launching their own practice. The company views itself as a training facility and incubator for the mental health industry, which is known for high burnout and turnover rates. BII invested in Colorful Resilience in July 2025 through…
Coalition for Occupied Homes in Foreclosure
COHIF (now Boston Neighborhood Community Landtrust) , is a collective of members and partners working together to keep residents of forclosed occupied properites in their homes by providing resources, advocacy and longterm support. In 2018, BII Fund provided a loan to support the Community Stabilization Pilot Project, advancing crucial anti-displacement strategies in Boston.
Capital Good Fund
Capital Good Fund is a nonprofit and CDFI based in Rhode Island offering low interest loans to individuals for emergencies, immigration, and weatherization; creating pathways out of poverty; and advancing access to the green economy. BII Fund I provided a term loan in 2019 to support their Massachusetts expansion for their immigration and weatherization loans.
CareAcademy
CareAcademy provides professional and family caregivers with high-quality online training classes to help deliver the best care to older adults with the support, guidance and compassion needed to improve their quality of life. The platform makes it easier for caregivers to upskill and continue their education to better serve clients and advance their careers. Co-founders Helen Adeosun and Dr. Madhuri Reddy are committed to serving caregivers who, like themselves, are often women of color and immigrants.
Cooperative Fund of the Northeast
The Cooperative Fund of New England (CFNE) is a community development loan fund that facilitates socially responsible investing in cooperatives, community-oriented nonprofits, and worker-owned businesses in New England and New York. CFNE provides financial products, business assistance, and investment opportunities that promote socially conscious enterprise. Boston Impact Initiative is an investor in CFNE’s Social Investment Fund, as well as a frequent co-investor in direct lending to cooperatives.
Democracy Brewing
When BII invested in Democracy Brewing, they were a small worker-owned start up brewery with a tasting in South Boston. Today they continue their worker owned model and have a tap room and restaurant in Downtown Boston.
East Boston Neighborhood Trust
East Boston Neighborhood Trust is a real estate project in East Boston, Mass. that created a Mixed-Income Neighborhood Trust (MINT) to acquire and manage 114 units of affordable and workforce housing for persons with below median income at a time when housing stabilization is desperately needed in the City’s most at risk districts for displacement.
Eco Auto
Husband and wife, Al and Michelle Salas, founded Eco Auto in 2022 to address the growing demand for consumers wanting to enter the Electric Vehicle market, but who were deterred by the high barriers to ownership. Eco Auto is committed to lowering the high costs associated with purchasing and owning Electric Vehicles (EV) and plug-in Hybrid Electric Vehicles (PHEV), by carrying a diverse inventory of certified pre-owned vehicles, affordably installing at home charging stations, and helping new buyers navigate current local and federal rebates and incentives available to electric vehicles drivers. Fund II made an investment in EcoAuto in 2024…
MathTalk
MathTalk is a community-focused education technology public benefit corporation based in Cambridge, Mass. Using playful installations, technology and books, MathTalk promotes early math and language development among children. It uses the latest scientific research on cognitive development and is rooted in the cultures of local communities of color.
MA Community Purchasing Alliance
Community Purchasing Alliance (MA CPA) is a purchasing cooperative that leverages the buying power of institutions to negotiate and drive down costs of vendors and service providers, while steering spending to diverse vendors using sustainable practices for their members. Their members consists of faith based institutions, schools, affordable housing, and other nonprofits.
Meetcaregivers, Inc.
Meetcaregivers connects families seeking at home care providers with pre-screed and qualified caregivers using technology enabled services to make the process safe and easy for families and clinicians. Meetcaregivers’ technology uses a match feature algorithm to ensure the right fit for client and clinicians. BII has made an investment in Meetcaregivers out of both Fund I and Fund II.
Nuevo Dia ADHC
Nuevo Día is a Latino- and woman-owned facility that seeks to help low-income seniors and disabled people in Boston remain as independent and as healthy as possible in a culturally competent environment. The vision of this organization is to be the leading Adult Day Health program serving the Latino community in Greater Boston.
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