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"Having a purposeful job actually does transform someone's life," says Edwin Walsh, who runs a social enterprise in Australia called Assembled Threads.
"You actually are moving someone from vulnerable into purposeful job where they're getting paid, they're getting respected for their skills.
They're getting respected for their skills.
It's a fantastic game changer."
Social enterprises are for-profit businesses that tackle a social problem, such as under-employment or training newly-arrived migrants.
Large companies and governments buy a lot of products, and the sector is expected to turn over $5.5 billion by 2030, the Australian Broadcasting Corporation reports.
The work they do, and the people they employ, vary depending on the business.
So they might be working with people with disabilities, migrants and refugees, families, children, communities, youth, people escaping the justice system, those that need some extra support to empower themselves and create better futures, solidifying careers and careers, and people escaping the justice system, those that need some extra support to empower themselves and create better futures," says Tara Anderson, chief executive of Social Traders, a company that certifies social enterprises.
Australia has more than 12,000 certified social enterprises, with the number of certified businesses growing at 16% a year and the amount spent
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Chris Pan's commencement speech at Ohio State has been called "cringe-worthy" and "the worst Ohio State commencement speech ever"but the social entrepreneur and 1999 Ohio State graduate wants to set...more
"It is a night that shines a light on some of the best and brightest women in business." So reads a press release on the winners of the 2024 IMAGE PwC Businesswoman of the Year Awards in Ireland,...more
Ohio Gov. Mike DeWine says the Appalachian Community Grant Program represents "a historic, $500 million investment in Ohio's 32 Appalachian counties." The state has allocated $21.9 million in...more
Rumors have been swirling that the Lakeland Cultural Arts Center in Florida is going under, but the organization's president says those rumors are "greatly exaggerated." In a statement released...more
Foundation: Community Foundation of Greater Dubuque
"When it comes to charitable giving in Dubuque and connecting with those most vulnerable and the issues most in need of addressing, no other organization is the tour de force that is Community...more
Foundation: Gates Foundation
"By embracing innovation, the school leadership team from the North, principal and school administrators, teachers and staff are preparing our students to be the digital citizens the world needs,"...more
Foundation: Rhode Island Foundation
Love is in the air, at least when it comes to the research projects funded by the Rhode Island Foundation. The nonprofit has awarded more than $360,000 in seed funding to 15 medical research...more
Foundation: Gates Foundation, Community Foundation of Jackson Hole, Packard Foundation
The Community Foundation of Jackson Hole in Wyoming has been named one of the nation's top 100 not-for-profit organizations by the Chronicle of Higher Education. The Jackson Hole News & Guide...more
One in four school children in Burundi now receives a nutritious meal, thanks to a donation from China. The UN's World Food Program says China has donated $1.5 million to provide 42,000 children...more
Phoenix Children's Hospital is known for its world-class medical care and cutting-edge research, but it's also one of the country's most under-funded. That's about to change, thanks to a group...more
Social Entrepreneurship
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Connecting Investors with CDFIs to Support Community Impact
CNote is a women-led impact investment platform that uses technology to unlock diversified and proven community investments that increase economic mobility and financial inclusion.
