Fund to invest $20m in local businesses
The Boston Impact Initiative (BII), a nonprofit impact investment group focused on businesses and entrepreneurship in Massachusetts communities of color, recently announced […]
“BII Fund II” invertirá $20 millones para empresarios de color y bienes de propiedad comunitaria
Boston Impact Initiative (BII) anunció hoy en un comunicado que la organización lanzó su segundo fondo de capital integrado, conocido como “BII Fund II”, un fondo de $20 millones que invertirá en empresas de propiedad o control comunitario y de propietarios de color, bienes raíces comerciales y residenciales para evitar el desplazamiento en Massachusetts y el noreste.
Betty Francisco explains how BII fills a niche for entrepreneurs of color
A Boston impact investment fund is launching a second fund aimed at closing the widening racial wealth gap. The Boston Impact Initiative (BII) seeks to build financial, social and political power for entrepreneurs of color. On Wednesday, it launched its second integrated capital fund, this one worth $20 million.
Boston Impact Initiative Launches $20M Integrated Capital Fund for Entrepreneurs of Color and Community-Owned or Controlled Real Estate
Fund II doubles down on racial justice mission of building a sustainable, inclusive and equitable economy for communities of color Boston, Mass […]
The Liist: Seven impact funds that are raising capital now (November edition)
This month’s Liist features four funds led or co-led by women, including Beyond Capital Ventures, which invests in companies delivering basic goods and […]
Investing in Small, Diverse Businesses Is Good for the Economy
Boston Impact Initiative chief executive officer Betty Francisco says financing entrepreneurs who are women and people of color is essential to building the national and international economy. “As a Latina and Asian person by background, I often saw the barriers that our small, minority-owned businesses have in terms of raising capital, having access to resources or the networks needed to grow your business,” she says. “I had grown my own network and I wanted to use it for good.”
With new funding, Kheprw seeks to develop Black entrepreneurs
With new funding, Kheprw seeks to develop Black entrepreneurs by participating in the Boston Impact Initiative’s fund-building cohort, an 18-month program aimed […]
<strong>Boston Impact Initiative, Lawyers for Civil Rights Launch Small Business Coaching for Entrepreneurs of Color</strong>
Boston — Boston Impact Initiative (BII) and Lawyers for Civil Rights (LCR) today announced a new small business coaching program and technical […]
<strong>MathTalk raises $1.9 million in seed funding to increase access to math in communities nationwide</strong>
Financing will expand MathTalk’s innovative digital experiences and community-based installations helping young children and their families learn math, and mitigate the negative educational impact of COVID-19
Here’s how venture capital is helping to lift the next generation of Latinos in finance
BII’s CEO, Betty Francisco, comments on how BII Fund II is working to provide capital to Latino entrepreneurs, who are often overlooked […]
East Boston Community Development establishes a neighborhood trust to preserve affordable housing and received $8 million in financial assistance from the Boston Impact Initiative and local social justice groups
In cities like Atlanta, Los Angeles, Portland and Tulsa, local organizations are working with the nonprofit Trust Neighborhoods to preserve housing affordability in fast-gentrifying […]
Closing the Racial Wealth Gap: Two local leaders see the beginning of progress, with a lot more left to do
IT’S BEEN MORE than seven years since the Boston Federal Reserve Bank published a report, titled “The Color of Wealth in Boston,” that has served […]