PRI Profile

The Boston Impact Initiative (BII) Fund II exists to bridge the racial wealth gap in Boston and the greater New England area by providing financing, coaching, and community-building opportunities to entrepreneurs.

BII has identified three core problems within racial inequity: 1) disparities in wealth creation and asset ownership, 2) disparities in positions of power, and 3) disparities in access to financing. To address these problems, BII employs creative deal terms, community-owned legal structures, and caps on return for equity deals to build more structure to achieve racial equity.

Highlights

In 2025, BII supported 990 jobs across its portfolio companies. Approximately 24% of BII’s portfolio companies are cooperatively owned or offer ownership opportunities for its workers.