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Prosperity Initiative

 

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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Project Information

About the project

Project Phase:

Plan

Impacts:

Business Process, Diversity and Inclusion, Economic Development    

Collaborators

Contact: Meg Steuer ; Email: MegS@smifoundation.org ; Phone: 608-397-0079

Lead Organization: Southern Minnesota Initiative Foundation

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

Potential Collaborators

Related Projects

Diversity in Business Initiative ; Supplier Diversity Initiative ; enCounter Poverty

 

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."

 

 

 

Project Status/News

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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Related PlanScape Status

Business Process, Diversity and Inclusion, Economic Development  

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

 

 

 

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Definitions
The following defines the various project phases:
  1. Available - a product, program or service is in production
  2. Develop - program or application is being developed
  3. Plan - idea is solid, stakeholders are identified, and there is strong commitment to go forward from all parties.
  4. Concept Phase - idea scoped out with enough details to give an early sizing and/or to build a proof of concept
    demonstration
  5. Pre-concept Phase - an early idea or a requirement.
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