Social business ventures look beyond the bottom line to measure success. Rather than simply working to generate profits and create value for shareholders, they apply business strategies to generate social good and create value for their community.
The guiding goal of our Social Business Ventures initiative is to make our region the best place in the country to launch and grow social purpose business.
There are a lot of ways that businesses can create value in a community. We are particularly interested in supporting the growth of businesses that provide a product or service that addresses a social issue.
We plan to make investments in a handful of efforts to encourage and support more entrepreneurs to create and grow social business ventures. We also want to encourage more investors to consider social business ventures in their portfolio.
We also offer Ecosystem grants which provide general operating support to organizations that help create an environment for our efforts to be successful.
We are soliciting proposals to establish and operate a social business seed investment fund to invest in social businesses in Minnesota, North Dakota, South Dakota and the 23 Native nations that share the same area. The purpose of the fund will be to help local social businesses grow their enterprises and impact as well as generate a financial return for fund investors.
Download the RFP (PDF)