Financing 88 Acres Regional Growth

88 Acres is an artisan food enterprise that produces healthy snacks free of the top eight food allergens. Their manufacturing center, located at the Pearl facility in Dorchester, generates more than a dozen good jobs for the local community. 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, management and production staff diversity, local sourcing, employee stock option program, and more.