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According to a 2019 point-in-time count, there are more than 612 unsheltered homeless individuals in the Coachella Valley. A Southern California company, Renova Energy, has handed out a few dozen cell phone solar chargers to homeless individuals living in Sunrise Park in downtown Palm Springs to power their phones while living unsheltered so they can reach public safety, caseworkers, family members, doctors and friends.
Renova Energy CEO Vincent Battaglia believes that any business no matter how large or small has the responsibility to give back. And he's not alone.
Companies around the country are doing more to tackle homelessness. Some companies, like Microsoft, are providing loans for affordable housing in Seattle. Others are small start-ups like The Giving Keys, an L.A. jewelry company that hires homeless individuals, or Detroit's Empowerment Plan, which hires homeless women to sew jackets for people on the streets.
According to experts, there are several ways businesses can work toward being socially responsible: philanthropy, volunteering, using company skills to create human-centered products or services, or providing innovative opportunities for community members.
For any business wanting to be sustainable and mission-based, it needs to be innovative. Abby Fifer Mandell, a University of Southern California business professor and the Brittingham Social Enterprise Lab director, requires the need for business models that are "financially sustainable, which means they have to be clever, creative and innovative, and are also digging deep on pressing problems by addressing long-term solutions."
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A customized collection of grant news from foundations and the federal government from around the Web.
California must consider how to increase interest in teaching and lower the cost of and barriers to entering the profession.AB-1128, a bill under consideration in the legislature, proposes a...more
Mondelēz's Sustainable Futures Impact Investment platform said the capital "further advance[s] scalable, high-impact solutions at the nexus of climate, community, and circularity" The companies...more
South African recycling startup Regenize has secured an undisclosed investment from E Squared Investments.The deal combines philanthropic goals with venture capital methods to support scalable,...more
Cambridge-based Remedium was named winner of the Climate Impact Prize at the Net Zero Technology Centre's annual TechX Demo Day in Aberdeen.The prize is given to the startup with the most promising...more
Sustainable Times is a media partner for this event, which takes place on June 24-25, 2025, at ExCeL London, as part of London Climate Action Week.RESET Connect provides a network of potential...more
Rad AI announces an additional $8 million investment led by four health systems.Advocate Health, Memorial Hermann Health System, Corewell Health, and Atlantic Health System lead the investment.Rad AI...more
MedTech CellCentric has raised 90m in fresh funding.The money will support the advancement of the Cambridge company's oral treatment for multiple myeloma, inobrodib.The financing was co-led by RA...more
Impact investing can be a valuable financial tool for private-market investors seeking to manage risk.Impact funds direct capital to companies that generate impact environmental and social...more
Impact Investing Principles for Pensions updated to reflect changing market environment.Pensions Age Magazine is published by Pensions & Investment Association.For more information, visit...more
Measuring AI's impact requires clear metrics.To evaluate AI's return on investment (ROI), healthcare organizations focus on four key metrics in the contact center.Narrowing AI implementation to...more
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Spotlight
When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.
