The Growth of Social Enterprises €” For-Profit Businesses That Tackle a Social Problem


credit:

"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 Read the Entire Article


Selected Grant News Headlines

A customized collection of grant news from foundations and the federal government from around the Web.

Kpmg Launches 'Ai Impact Initiative' to Bring Ai Technology to Nonprofits

"We believe in the transformative power of AI and its potential to create positive change," says Anita Whitehead, head of impact at audit, tax, and advisory firm KPMG, which this week announced an...more

Ideas: Tech Powers New Era of Impact Investing

When it comes to environmental, social, and governance (ESG) considerations when investing, Malaysia is at the top of the list, according to Digital Edge Malaysia. And that's not just because the...more

Women Only: Indian Links in Kings Birthday Honours 2024

Three women from Australia's Indian community have been named in the country's Order of Australia for their contributions to society. Harinder Kaur, 29,Niharika Hiremath, 29, and Sakshi Thakur,...more

Indian-American Entrepreneur Pritika Mehta'S Guidance for Indian Ai Startups

Pritika Mehta, an Indian-American entrepreneur who holds a master's in artificial intelligence from the State University of New York, is "shaping the pathway for Indian startups looking to plunge...more

Ht Exclusive: Indian-American Entrepreneur Pritika Mehta'S Vision for Aspiring ...

"San Francisco is about the same size as my hometown, Chandigarh," Pritika Mehta tells Hindustan Times. "But this small city has changed the world.... The kind of conversations that happen...more

Column: Mantha on Giving Credit Where It'S Due

"Politics is like a quilt formed of hundreds of patches that come together, creating security and strength," Michael Mantha writes in the Sault Star. "I know from experience that great things can...more

External Innovation &Amp; Science Partnering Lead €“ Eu &Amp; Latam (Eula)

Pharmaceutical giant Sanofi is looking for a VP of external innovation for its Consumer Healthcare business. The ideal candidate will have at least five years' experience in a similar position...more

Afrilabs, Um6P Ventures Partner To Drive Innovation And Support For Startups Across Africa

The University of Maryland's Center for Entrepreneurship is known for its support of entrepreneurship and innovation in the US, but it's now looking to expand its reach into Africa. The center,...more

Greek Economy Expands in First Quarter as Investment Rises

Greece's economy grew by 0.7% in the first quarter of this year, the country's statistics service announced today, which is a lot better than the government's initial forecast of 0.3%. The...more

Looking at Impact, Risk and Return

There's a new way to invest in the world, and it involves putting your money where your mouth is. In a new video, 3Bank's CEO Vladimir Vukotic and fund manager Tim Crijns explain how the Serbian...more






Social Entrepreneurship
Spotlight



Why Not Lease A Jeans?


Dutch fashion label, Mud Jeans, has launched its Lease a Jeans brand. The jeans are crafted of organic and recycled cotton and are 100% responsibly produced.



Federal Government Grant and Assistance Programs


Poultry Loss Contract Grant Assistance Program | Early Reading First | Drug Court Training and Technical Assistance | Education Research, Development and Dissemination | Veterans Nursing Home Care | Aeronautics, Recovery Act | 7(j) Technical Assistance | California Refuge Account | | Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy

Edited by: Michael Saunders

© 2008-2024 Copyright Michael Saunders