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Boston Impact Initiative

Funding restrictions limit community lenders’ expansion efforts
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Business
Funding restrictions limit community lenders’ expansion efforts
Community development financial institutions, or CDFIs, have been a lifeline for local businesses in underserved communities for three decades. But when the nearly 100 CDFIs in Massachusetts have trouble accessing capital themselves, the whole pipeline suffers.
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Fund to invest $20m in local businesses
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Business
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 the launch of a new $20 million investment fund aimed at Black and brown entrepreneurs and local and regional community-controlled real estate ventures.
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