portfolio

In 2017, the Boston Impact Initiative Charitable Loan Fund was established to expand on the work of Boston Impact Initiative, LLC, a separate legal entity established in 2013 to pilot a place-based approach to impact investing. For information about the investments of Boston Impact Initiative, LLC, click here.

88 Acres

88 Acres is an artisan food enterprise that produces healthy snacks free of the top eight food allergens. Their Dorchester-based manufacturing center generates more than a dozen good jobs for the local community. In 2017, BII Fund made a convertible debt investment to provide growth capital for expansion throughout the New England and Mid-Atlantic regions. The investment included impact covenants focused on maintaining fair wages, team diversity, local sourcing, employee stock option program, and more. Learn more

CERO

CERO (Cooperative Energy Recycling and Organics) is a worker-owned cooperative that collects waste from local businesses. CERO’s waste separation systems increase reclamation and sale of clean paper, plastics, metals, waste vegetable oil and organic food waste, reducing trash sent to landfill and incinerators by 50 percent or more. CERO has been a long-time portfolio member of the Boston Impact Initiative LLC. In 2017, BII Fund provided a loan for working capital. Learn more

COHIF

Coalition of Occupied Homes in Foreclosure (COHIF) works to stabilize the Greater Four Corners neighborhood of Dorchester by helping residents of foreclosed homes to stay in their homes, developing permanently affordable housing, and helping extend these efforts in other neighborhoods. The organization intends to place its homes into a community land trust. In 2018, BII Fund provided a loan to support COHIF’s Community Stabilization Pilot Project, advancing crucial anti-displacement strategies in Boston. Learn more

Cooperative Fund of New England

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. Learn more

Delectable Desires

Delectable Desires Pastries provides gourmet home-baked goods from scratch, specializing in event cakes. DDP opened its first retail store in West Roxbury in 2015, followed by a South Station kiosk a year later. Owner Carlene O’Garro, a Mattapan native, says that her Caribbean roots influence her use of ingredients and baking style. Forgoing law school to pursue her passion, Carlene has received numerous awards for DDP. In 2017, BII Fund provided a working capital loan to support growth. Learn more

 

Democracy Brewing

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

Done Good

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

Fresh Food Generation

Fresh Food Generation is a cafe, food truck and catering business serving on-the-go real foods. The company sources ingredients from local farms and prepares meals inspired by Latin American and Caribbean cuisine. After three years of operating, the company is now becoming a competitive city-wide catering business. 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. Learn more

M.S. Peltier Insurance

M.S. Peltier Insurance is a black-owned business with expertise in the construction, marine, real estate and transportation industries. The company plans to maintain at least 50 percent employees of color as it grows its workforce. M.S. Peltier has a long history of serving Dorchester and Caribbean communities. Boston Impact Initiative provided a loan to support the acquisition of new clients.

Mobile Cuts

Mobile Cuts is a mobile barbershop that brings salon services right to your doorstep. The company is capitalizing on the growing trend of corporations and universities to offer services through vendors that stop by one day a week or for a couple hours at a time. In 2018, BII Fund provided a loan for working capital and to purchase and renovate a second mobile truck. Learn more 

Quality Interactions

Quality Interactions is an e-learning platform that provides cultural competency training for healthcare professionals. The platform helps healthcare providers reduce unconscious bias and as a result improve health outcomes for patients of all cultural backgrounds, including people of color, immigrant, bilingual and LGBTQ patients, and those who are uninsured. In 2018, BII Fund made a convertible debt investment to support product development and growth. Learn more

Sunwealth

Sunwealth is a pioneering clean energy investment firm working to unleash the power of commercial solar by delivering meaningful returns and tangible impact. The company received a loan to help finance clean energy on three houses of worship in Dorchester, Jamaica Plain and Roxbury, thereby reducing energy bills. Boston Impact Initiative made a second investment in a fund that aggregates low-income homeowners and anchor non-profits in economically distressed neighborhoods. Learn more

Sweet Teez

Sweet Teez Bakery is a nut-free bakery founded by Dorchester native Teresa Thompson Maynard. Growing up with food allergies and now raising kids with food allergies, Teresa realized that just one peanut can make the search for a good cupcake near impossible. So she set out to provide customers with high quality baked goods made to meet their nut-free needs and delight their taste buds. In 2018, BII Fund provided purchase order finance to help Sweet Teez fulfill a Whole Foods order of 48,000 pies. Learn more

TC's Repair Service

TC’s Repair Service specializes in repairing commercial coffee brewers, grinders, espresso machines, hot water towers and juice dispensers. The company serves coffee chain shops, cafes, restaurants and coffee machine manufacturers. Husband-and-wife team Mario and Rachel Rodrigues decided to acquire the company based on Mario’s experience as a customer of TC’s Repair when he worked at Equal Exchange. In 2018, BII Fund provided financing for the acquisition. Learn more

Transformative Culture Project

In October 2017, the Transformative Culture Project merged with Epicenter Community. The non-profit organization now focuses on the economic potential of the creative economy, providing award-winning arts and economic development programming for youth and adults. A key program is AccelerateBOS, which provides entrepreneurs of color with a cohort-based model for advancing their business ideas. In 2017, BII Fund provided bridge finance to support the merger. Learn more

Urban Farming Institute

The Urban Farming Institute of Boston, located at the historic Fowler Clark Epstein Farm in Mattapan, provides farmer training, creates green collar jobs and engages urban communities in building a healthy, local food system. The non-profit organization reclaims and restores vacant lots, transforming them into functioning urban farms.  In 2018, BII Fund provided bridge finance to support the acquisition of equipment and supplies for the upcoming farming season. Learn more

Wash Cycle Laundry

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

WeSpire

WeSpire is an employee engagement platform that supports large organizations to design, deliver and measure the benefits of positive impact programs like sustainability, corporate social responsibility and positive culture initiatives. In 2017, BII Fund made a convertible preferred investment in the platform to ensure that its diversity/inclusion module has the quality of content and influence that can transform the way corporate and nonprofit employees think about racial and economic justice. Learn more