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.

Uh MNoa Tackles Wastewater Emissions with $2M Grant

Researchers at the University of Hawaii have received a $2 million grant to develop a process that could drastically reduce the environmental impact of wastewater treatment, the Honolulu...more

Why Do We Need Impact Investing Now More Than Ever?

Social entrepreneurs are guided by the same principles start-up founders are concerned with and focus on generating social change or impact.Social impact can bring significant and positive changes to...more

Uae President Launches Erth Zayed Philanthropies to Advance Legacy of Sheikh Zayed

"Philanthropy and the spirit of giving have long been central to the UAE's identity and are deeply rooted in the enduring legacy of the UAE's president." So says Sheikh Mansour bin Zayed Al...more

Ai Wealth Startup Leans Into Impact Investing

The move speaks to how impact investing remains an important channel for wealth managers to plug into.The move was announced at the World Economic Forum in Davos,...more

Protecting Water, Nature Is Critical for Effective Climate Action

Google, Facebook, and other major companies are taking a page from Al Gore's book and putting their money where their mouth is in regard to climate change. In a white paper released Tuesday, the...more

Investment Funds Interest in Italy'S Energy Transition Grows

If you're looking for the perfect gift for your significant other this holiday season, we've got the perfect one for you: A one-of-a-kind, life-size Nativity scene complete with Santa Claus and his...more

The Rise of Green Bonds: A Small Revolution in Sustainable Finance

If you're looking for a safe way to invest in the world's burgeoning "green" debt market, National Bank of Canada has just the thing: green bonds. The bank is offering investors a chance to take...more

Nuveen Raises $170m for Impact Credit Strategy

Asset manager Nuveen says it has raised $170m for a new fund that aims to make a positive impact on the world, the Guardian reports. The fund, called the Nuveen Climate and Social Credit Fund,...more

UK Government Highlights Impact Investment's Role in Tackling Housing Crisis

Britain's newly elected Labour government is looking to the financial world for help dealing with the country's housing crisis, the Guardian reports. According to the Telegraph, affordable...more

Blue Revolution Fund Exceeds Target, Raising $93 Million to Invest in Aquaculture Ventures

The Blue Revolution Fund has wrapped up its $93 million round of investments, and it's putting its money where its mouth is. The fund, a collaboration between the Nature Conservancy and Hatch...more





Social Innovation News from...


Changemakers
Skoll Foundation
Nike

Young at 24, Juan David Aristizabal Ospina is a social entrepreneur who founded Buena Nota, a platform that accentuates social entrepreneurs and citizens in Colombia making  positive changes and raising awareness about social problems that need to be addressed.