ECONOMY

The success helpers

New Foundry Ventures is creating and supporting social businesses throughout the US that create jobs and provide greater access to healthy food, good credit, and efficient sources of energy for low- and moderate-income communities. Their work is focused on increasing the success of social enterprises. To achieve this end, they implement business practices that optimize financial sustainability, maximize operational efficiency to achieve scale, and expand the sphere of impact created by these businesses. New Foundry Ventures works collaboratively with nonprofits, businesses, and community organizations on launching business models that have undergone extensive piloting and prototyping. Social enterprises are typically located in low-income communities and create assets that can help lift the community out of poverty.

To succeed, it partners with community-based organizations and acts as a strategic adviser to non-profits, foundations, corporations and governments. They are looking for social enterprises that can be used on a national scale.

New Foundry Ventures_website

Web site: http://newfoundryventures.org/

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Several definitions (Aubty at 1.40’)