Number of new businesses created in low-income areas as a result of investments made by the organization during the reporting period.
New Businesses Created: Low Income Areas (PI6414)
- Reporting Format Unit Referenced within Metric Definition
- Metric Type Submetric
- Metric Level Product/Service, Organization
- IRIS Metric Citation IRIS, 2021. New Businesses Created: Low Income Areas (PI6414). v5.2.
Footnote
Organizations should footnote all assumptions used, including how they identify low-income areas. See usage guidance for further information.
Usage Guidance
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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.
Related metrics
This is a submetric of New Businesses Created: Total (PI4583), which has 0 other related submetrics.
Impact Categories & Themes
SDG Goals & Targets
No Poverty
- SDG Target 1.5
- SDG Target 1.4
Industry, Innovation and Infrastructure
- SDG Target 9.3
Reduced Inequality
- SDG Target 10.1
- SDG Target 10.2
- SDG Target 10.3
Metric History
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June 2025 - IRIS+ v5.3b Released (current version)
No change.
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December 2024 - IRIS+ v5.3a Released
No change.
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June 2022 - IRIS+ v5.3 Released
Immaterial change. Minor revisions to definition and usage guidance for clarity.
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May 2021 - IRIS+ v5.2 Released
No change.
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January 2020 - IRIS+ v5.1 Released
No change.
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May 2019 - IRIS+ v5.0 Released
No change.
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March 2016 - IRIS+ v4.0 Released
Immaterial change. Minor revision to definition language for clarity.
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March 2014 - IRIS+ v3.0 Released
No change.
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November 2011 - IRIS+ v2.2 Released
No change.
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February 2011 - IRIS+ v2.1 Released
No change.
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September 2010 - IRIS+ v2.0 Released
New metric. New Businesses Created: Low Income Areas (PI6414) was developed via the Financial Services Working Group.