Number of new businesses created in low-income areas as a result of investments made by the organization during the reporting period.
Organizations should footnote all assumptions used, including how they identify low-income areas. See usage guidance for further information.
This metric is intended to capture the number of new businesses created in low-income areas as a result of investment, a proxy of economic activity. See the glossary definition for additional information on commonly used tools to help identify low-income areas.
This is a submetric of New Businesses Created: Total (PI4583), which has 0 other related submetrics.
June 2022 - IRIS v5.3 Released (current version)
Immaterial change. Minor revisions to definition and usage guidance for clarity.
January 2020 - IRIS v5.1 Released
No change.
May 2019 - IRIS v5.0 Released
No change.
March 2016 - IRIS v4.0 Released
Immaterial change. Minor revision to definition language for clarity.
March 2014 - IRIS v3.0 Released
No change.
November 2011 - IRIS v2.2 Released
No change.
February 2011 - IRIS v2.1 Released
No change.
September 2010 - IRIS v2.0 Released
New metric. New Businesses Created: Low Income Areas (PI6414) was developed via the Financial Services Working Group.
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To use IRIS metrics—and the resulting data—to understand impact performance, IRIS metrics should be used and analyzed in generally accepted sets and according to well-defined objectives. IRIS+ gives you access to generally accepted Core Metrics Sets aligned to common Impact Themes and Sustainable Development Goals (SDGs).