Businesses can be problem solvers. In fact, sometimes businesses are best positioned to solve some of our toughest social problems. We call these social purpose businesses and they are beginning to transform economies all over the world.
We define social purpose business as those with a commitment to both financial returns and social problem solving. This dual commitment is core to their purpose and their strategy.
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 businesses.
We launched the Social Business Ventures strategic initiative in 2016 with a three-part strategy:
- Inspire, equip and connect people of all backgrounds to create and grow more successful social purpose businesses.
- Inspire, equip and connect people of all backgrounds to invest more capital in the creation and growth of social purpose businesses.
- Create a supportive ecosystem for business creators and growers and investors in social purpose business.