Boston Impact Initiative
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Boston Impact Initiative is a social impact organization based in Jamaica Plain, MA, dedicated to advancing economic and racial justice by building a sustainable and inclusive economy. Through their recently launched BII Fund II, a $20 million integrated capital fund, they aim to close the racial wealth gap in Massachusetts and the Northeast by investing in entrepreneurs and communities of color.
With their previous BII Fund I, they have already invested $6.9 million in 50 for-profit businesses, cooperatives, and nonprofits in Eastern Massachusetts. Their approach revolves around integrated capital, which serves as a catalyst for economic and racial justice, influencing their investing strategy, impact management, field-building work, and fund structure.
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