It is with great excitement that REDF announces a new portfolio including 22 of some of the most innovative and effective social enterprises in the country.
These social enterprises were selected to receive REDF’s financial assistance and advisory services after a nationwide competition that drew over two hundred applicants from 36 states that serve numerous target populations, represent a diversity of industries and business lines, and provide a range of supportive services and real work experience to their employees.
With exceptional track records and potential for growth, these social enterprises come to REDF with many strengths, including committed, experienced leadership; financial stability and operational excellence; a history of impact; a geography that aligns with REDF’s priorities; a willingness to participate in a rigorous program evaluation; and the potential to dramatically increase the number of people they employ and serve.
REDF’s 2016 portfolio is fueled by support from our generous funders, and the federal Social Innovation Fund (SIF), which has committed an unprecedented $14.5 million to date – the largest federal investment ever in U.S. employment-focused social enterprises that prioritize jobs and workforce preparation while also leveraging tens of millions of dollars in private sector support. This new portfolio will become part of a national cohort, and collectively will receive nearly $7 million in grants over a two-year period, with a potential total award of $17 million over five years.
REDF will partner closely with these social enterprises, providing financial and operational advisory services that will allow them to strengthen their business, scale their impact, and help tens of thousands more people transform their lives and futures.
This national competition also revealed dozens of other outstanding social enterprises that, with the right kind of investment, partnerships, and advisory services, are poised to employ even more people. Seeing the depth and potential to impact many more people’s lives firsthand has reinforced REDF’s determination to accelerate and catalyze growth of the broader field. In addition to partnering with the new portfolio, REDF will provide targeted investments and advisory services, establish multi-sector partnerships, build the evidence base, advance supportive public policies, and develop the next generation of social enterprise leaders. The social enterprises listed below our new nationwide portfolio advanced to the finalist stage due to the strength of their applications and potential for greater impact. REDF will continue to follow and learn from these high-value contributors to this growing field, and will actively seek ways to partner with them.
Click here to read the press release.
REDF’s New Nationwide Portfolio*
California
Chrysalis: Los Angeles, Pacoima, Santa Monica
Center for Employment Opportunities: Oakland, Los Angeles, San Bernardino, San Diego and multiple states.
Coalition for Responsible Community Development: Los Angeles
Community Housing Partnership: San Francisco
Conservation Corps North Bay: Novato, Cotati, San Rafael
Goodwill of Silicon Valley: Santa Clara County
Homeboy Industries: Los Angeles
Juma Ventures: San Francisco, Oakland, Santa Clara and multiple states
Colorado
Mile High Ministries: Denver
Women’s Bean Project: Denver
Illinois
The Cara Program: Chicago
New Moms: Chicago
Indiana
RecycleForce: Indianapolis
Massachusetts
More Than Words: Boston, Waltham
Roca, Chelsea, Boston: Springfield
UTEC, Inc.: Lowell, Lawrence
Oregon
Central City Concern: Portland
New Avenues for Youth: Portland
Texas
Goodwill Central Texas: Austin
Washington
FareStart: Seattle
Millionair Club, Inc.: Seattle
Orion Industries: Auburn
*Pending grantee organization’s board approval.
Finalists
Hope Works: Seattle, WA
Tech Dump, EMERGE, Better Futures Minnesota: Minneapolis, MN
Chicago Botanic Garden: Chicago, IL
Daybreak: Dayton, OH
Kitchens for Good: San Diego, CA
New Door Ventures: San Francisco, CA
Civicorps: Oakland, CA
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===================please note most of this column is due to be re-edited we hope to issue a list of yunus top 10 stories but when it comes to solutions matching those challeges there's all to play for as web3 is humanity's last chnace to leap ahead
hottest youth-spring question of our life and times-can online education end youth unemployment for ever ? yes but only if you help map how!
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About Pro-Youth economics at Norman Macrae Foundation online library of norman macrae - The Economist's Unacknowledged Giant -videos 1 2 -fansweb NMFoundation- youth projects - include yunuschoolusa
fullest press reports Grameen Brand Partnership Architecture
exponential impact advisory: the social business youth networks inspired by muhammad yunus -without which millennium goal actions networks would be way behind are worth far more than any individual parts according to Norman Macrae Foundation trilliondollaraudit methodology and charter notespace
Beyond the extraordinary investment of the members bank at Grameen, and the approximate third share its members foundation holds in grameenphone, here is our Unofficial League Table of Most Impactful Social Business Investments around yunus - last update 1 dec 2012
! Grameen Solar
2 Grameen Mobile Nursing nets and college
3 Portfolio of investments linkedin by Japan
4 Portfolio of youth-led networking inventions in US educationsystem tertiar and secondary - transparency note NM Foundation has minor donation/loan interest
5 Investments in Grameen as collaboration brand linked in out of paris- the origin of global social business partnership funds
6 OpenTech investments of Grameen Intel
-------- while not controlled by yunus we see wholeplanetfoundation microcredit investment table and conscious capitalsm movements and hugely important to advancing pro-youth economicsmission of friends of youth and yunus
email chris.macrae@yahoo.co.ukif you have questions or recommendations of entries that should be in this league table
-please read notes about what pro-youth economists mean by superapps being most
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