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Prosperity Initiative

Beam Project Type: Project in Plan Phase

Southern Minnesota Initiative Foundation has launched the Prosperity Initiative, a program intended to promote minority-owned business growth in southern Minnesota. Over the next two years, SMIF will work with the Small Business Development Center of Rochester to identify and speak with minority business owners interested in growing their companies in southern Minnesota, the release says. This program is funded in part by Minnesota's Department of Employment and Economic Development.

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Collaboration

Lead Organization: Southern Minnesota Initiative Foundation

Confirmed Collaborators: Community and Economic Development Associates (CEDA) ; Diversity Council ; SE Minnesota Small Business Development Center (SBDC) ; Southern Minnesota Initiative Foundation

Potential Collaborators:

Detailed Description

"The program, designed to provide education and business resources to minority business owners, will also educate resource partners of the barriers and opportunities these individuals encounter," according to the release.

The first phase of the program includes a survey of existing minority businesses, available on SMIF's website. This information will inform SMIF and its partners of the immediate and long-term needs of minority-owned businesses.

"We know our region is facing a labor shortage," said SMIF Vice President of Economic Development Pam Bishop. "A key factor in sustaining a strong economy in southern Minnesota is making sure all business owners are getting the necessary support to grow and to encourage aspiring entrepreneurs from diverse, underrepresented backgrounds. We are hopeful that the collaborative nature of The Prosperity Initiative can help us meet these needs."

Strategy

In addition to Small Business Development Center-Rochester, other partner organizations include Blandin Foundation's Leadership in Ethnically Diverse Communities Program, Community and Economic Development Associates, Greater Mankato Diversity Council, Latino Economic Development Center (Minneapolis), Project FINE (Winona), Region 9 Development Commission (Mankato), Diversity Council (Rochester), and Welcome Center (Austin). — staff reports

Impacts

PlanScape

Level 1: Business Process ; Diversity and Inclusion ; Economic Development

Level 2: Education ; Adult Education

DMC:

Community Health:

Highlight Activities

2018-07-011

Minority Business Conference hosted by SBDC, Diversity Council and Prosperity Initiative

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Status Reports Related PlanScape Status on: Business Process, Diversity and Inclusion, Economic Development

July 11, 2018 openBeam.net: Prosperity Initiative

2018-07-011

Minority Business Conference hosted by SBDC, Diversity Council and Prosperity Initiative

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December 12, 2018: History Center to present Traveling While Black

The “Traveling While Black” exhibit being developed by the History Center of Olmsted County will chronicle the challenges faced by black motorists prior to the passage of the Civil Rights Act in 1964.

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December 11, 2018: Community for Health Workgroup Log

DMC EDA initiated Community For Health group effort notes.

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December 09, 2018: Collective Impact Model to enable Housing Coalition

11/13/2018 Housing Coalition meeting starting a series of conversations regarding the future and role of the housing alliance in our community.  To start these conversations, Elaine Case will be presenting on the Community Impact model.

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November 21, 2018: Olmsted County Complete Count 2020 Planning Kickoff

Invitation from Sheila Kiscaden, Olmsted County Commissioner & Chair of Olmsted County Complete Count Committee

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November 20, 2018: Action Groups being formed

Action Groups being formed to make progress on: Health Insurance; IT: Tech Support; Joint Purchasing of Goods and Services

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November 17, 2018: Race Exhibit 2018

Reviving 2009 Race Exhibit in a condensed version.

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November 12, 2018: Diversity Council newsmaker

A sample of Diversity Council community engagement activities.

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November 02, 2018: Open Beam: A "For Purpose" Entity

openBeam is having conversations with for-purpose agent(s) to explore the adoption of holacracy framework.

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October 16, 2018: Cradle to Career publishes community report

Cradle to Career published Community Report and recruiting Collaborative Action Network (CAN) conveners for Kindergarten Readiness and On-Time Graduation.

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October 04, 2018: 6 Crtical Components for Discovery Square

Presented to DMCC Board in its September 2018 board meeting.

 

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Last modified by allnode on 2018/09/02
Created by allnode on 2016/01/08

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Beam
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