BNB is thrilled to announce that we were recently accepted into the The REDF Growth Portfolio, a national grant portfolio of employment social enterprises (ESEs) with strong growth potential. Through this exciting partnership, BNB will receive $300,000 in operating support over three years and customized, one-on-one capacity building assistance from the REDF team.
Through this consultancy, BNB will advance ambitious and sustainable goals for our mission-driven Bike Shop and Training Center where Boston youth build critical workplace skills and advance transportation equity in their own neighborhoods. BNB is one of 13 grantees selected for 2023, representing ten states. REDF invests in ESEs — businesses that provide jobs, training, and support to people breaking through barriers to employment. REDF partners with these businesses and the entrepreneurs who lead them — providing capital, capacity, and community — to amplify their transformative impact.
Since 1997, REDF has invested in more than 238 ESEs in 33 states and DC. Collectively these partnerships have helped 86,000 people enter the workforce and generate more than $1.6 billion in revenue that is reinvested in employee success — creating a ripple effect that strengthens families and communities and helps build an economy that works. For everyone. For more information, visit www.redf.org.