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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.
Quebec City's Mus ? 'e des beaux-arts du Qu'bec museum is getting a major boost from a single man. Michael Audain, chairman of the Jean Paul Riopelle Foundation, has pledged $10 million toward...more
Foundation: Ford Motor Company Fund
The Ford Motor Company's philanthropic arm is getting a new name: Ford Philanthropy. The rebranding reflects Ford's 75-year legacy of "driving impact in Ford communities around the world," says...more
A leaked list of the European Union's top priorities for the next decade paints a bleak picture for the bloc's efforts to combat climate change. The list, prepared by the European Commission and...more
If you're a teen in Lenawee County, Mich., and you love giving back to your community, you may want to consider becoming a member of the Lenawee YOUTH Council. The council, a program of the...more
Foundation: Whitefish Community Foundation
"But wait. We're not done yet." That was the message from Lois Davis, CEO of the Whitefish Community Foundation, as it handed out $520,300 in grants to 68 nonprofit organizations in the...more
When All Things Right and Relevant closed its doors in Davis, Calif., earlier this year, it left behind a legacy of support for those with mental illness. Now, with $1.3 million from the sale of...more
Foundation: Community Foundation of the Ozarks
Volunteers are needed for a Springfield, Mo., charity that helps kids with disabilities play baseball. Hamra Enterprises, a family-owned company that operates nearly 200 restaurants nationwide,...more
It's that time of year again: time for investors to look back at the last presidential election and see if there's any correlation between it and the performance of the stock market. A Bloomberg...more
Foundation: Kellogg Foundation
For more than 30 years,Henrie Treadwell has been fighting for racial equity at the University of South Carolina, where she became the school's first black graduate since Reconstruction, the...more
If you're an employer looking to attract the next generation of workers, Entrepreneur has some advice: Get to know Gen Z. The list is based on a recent study of 11,495 high school students,...more
Social Entrepreneurship
Spotlight
Finding a Place in Mainstream Social Enterprise
Nell Derick Debevoise, Founder and CEO of Inspiring Capita, shares what she thinks are the three main ingredients in finding your place in social enterprise.
