You are here: Home / Community Assets / Prosperity Initiative

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.

Read more on the web ...

Project Information

About the project

Project Phase (Pre-concept, Concept, Plan, Develop, Available, Archive)

Plan Phase


Impacts

PlanScape Impacts :

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

Level 2: Education, Education

DMC Impacts:

Community Health Impacts:


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 ; Targeted Business, Workforce Participation and Prevailing Wage Strategies ; 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

Read more


Related PlanScape Status

Business Process, Diversity and Inclusion, Economic Development  

April 02, 2020: Minnesota’s health plans to waive costs for treatment of COVID-19

Governor Walz today announced that Minnesota’s health plans have agreed to waive costs for treatment of COVID-19. This move comes in response to a March 13 letter from the Governor and State Commissioners of Health and Commerce urging Minnesota health plans to remove barriers to coverage during the COVID-19 pandemic.

Read more ...
April 02, 2020: Resilient Option - finding strength and connection

Living with angry brains The next few weeks will challenge your emotional and social skills.

Read more ...
April 01, 2020: Diversity Council March Latest Newsletter with COVID-19 Info

In light of all that is going on throughout the COVID-19 pandemic, Diversity Council wants to remain a connector and convener for all those in need throughout our community. If you are aware of valuable information and resources, please email info@diversitycouncil.org and we will do our best to increase awareness.

If you have needs to express as an individual or member of a particular community, please reach out to info@diversitycouncil.org. Diversity Council is willing and happy to hear your concerns and connect you with the correct resources.

Read more ...
March 31, 2020: Steps To Inspire Generosity

Minnesota Discovery Recovery Fund issues first grants. 

Investing in community-led solutions: supporting our nonprofit partners

Advocating for equity: Standing with our AAPI community

Read more ...
March 31, 2020: Rochester-Area Economic Development Inc (RAEDI) Loan News

News forwarded by RAEDI: The State of MN’s Small Business Emergency Loan Program is now accepting applications.

Read more ...
March 30, 2020: Important Update on Applying for Unemployment Insurance Benefits

Due to the COVID-19 pandemic, Minnesota's Unemployment Insurance team members are processing more applications for unemployment benefits than ever before. It is our top priority to process applications efficiently and effectively, and to ensure that we can deliver for Minnesotans in this time of need.

To ensure our system can handle the increased activity we are experiencing, we are asking that *new* unemployment insurance applicants apply online on an assigned day, based on your social security number (SSN).

If you need to apply for unemployment benefits for the first time, please refer to the schedule below to learn when you are scheduled to apply. You will only be allowed to apply on your assigned day - or on Thursday or Friday if you missed your assigned day.

Read more ...
March 27, 2020: Governor Tim Walz Press Conference Summary

Governor Tim Walz today joined leaders from the Minnesota Department of Health (MDH), Department of Employment and Economic Development, Department of Education, and the State Emergency Operations Center to answer questions from the press on the state’s response to the COVID-19 pandemic.

Read more ...
March 26, 2020: DMCC Executive Committee Topics including COVID-19 Handling

2020-03-26 DMCC Executive Committee Meeting materials including discussions on COVID-19 handling. 

Read more ...
March 18, 2020: Council's Priorities During COVID-19

Over the coming days, you will begin to see a rapid number of updates on our Council Facebook page. These updates will provide you with the latest information on actions the federal and state governments have taken as components of their ongoing response to mitigate the health and economic impacts of COVID-19. 

Read more ...
March 18, 2020: Saint Paul & Minnesota Foundation

Announcing the Minnesota Disaster Recovery Fund (MDRF)

Read more ...
March 16, 2020: United Way of Olmsted County: Inter-Agency Volunteer Coordination

Inter-Agency Volunteer Coordination: United Way has created a channel for Rochester-area nonprofits to coordinate staffing resources to meet the demand for essential services during a Covid-19 outbreak

Read more ...
March 12, 2020: Health Assessment and Planning

March 2020 Olmsted County Health Assessment & Planning Process (HAPP) Meeting Recap

Read more ...
March 02, 2020: Cradle to Career

Feb news, Jan. Updates to RPS Board

 

Read more ...

Last modified by allnode on 2020/03/10
Created by allnode on 2016/01/08

Site Information
Beam
  • For the commercial sector, we tend to register startup activities (new companies and new commercial projects) that bring diversification and high-impact opportunities to the area.
  • For the non-profit sector, we wish to shine light on all the organizations and services that otherwise labor under relative obscurity.
  • Our hope is that dmcbeam.org will encourage cross-sector collaborations and creative solutions.

While there are a number of registries in the community, dmcbeam.org's  distinct value is to pilot a database with a data structure and categorizations that answer the questions such as: What organizations or projects/programs in our community that have purported relevance with some of the over-arching focuses put forward by initiatives such as DMC, J2G and Health Improvements?

This database could be used as one of the ways to explore the capacities of the community. If you are someone on an exploratory journey to learn about the greater Rochester community. dmcbeam.org could be an interesting first step.

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.
Links
Links to Beam and beam sub-sites: