the social enterprise model and employment
DESCRIPTION
The Social Enterprise Model and Employment. Presented by: Anne Jamieson, Senior Manager Toronto Enterprise Fund 416-777-1444 ext. 513, [email protected] www.torontoenterprisefund.ca. Toronto Enterprise Fund. Funding Partnership of: United Way Toronto City of Toronto - PowerPoint PPT PresentationTRANSCRIPT
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The Social Enterprise Model and Employment
Presented by: Anne Jamieson, Senior Manager
Toronto Enterprise Fund
416-777-1444 ext. 513, [email protected]
www.torontoenterprisefund.ca
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Funding Partnership of:• United Way Toronto• City of Toronto• Ontario Ministry of Community & Social Services• Homelessness Partnership Strategy, a federal
program administered by the City of Toronto
Goal:To be a leader in supporting the development and sustainability of social purpose enterprises that result in improved community involvement, economic participation, and quality of life for people who are socially marginalized.
Toronto Enterprise Fund
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• Grants:– Seed funding grants for new enterprises– Annual operating grants for existing enterprises
• Business development support– Workshops– Coaching and consulting– Technical assistance– Online resources, materials & tools– Social Enterprise Toronto (SET) network
• Research, evaluation and publications– Business of Inclusion (2004)– Doing Well While Doing Good (2008)– Coming soon: TEF Learnings (2013)
What TEF does
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A social enterprise is:
• a business
• operated by a non-profit
•selling goods or services in the market place
• for the dual purpose of generating income and achieving social, cultural and/or
environmental value
What is a Social Enterprise?
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TEF’s Social Enterprises
Provide permanent connections to the labour market for marginalized populations through:
1.Permanent jobs in parallel businesses
2.Transitional jobs in linking businesses
3.Self-employment
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TEF’s Portfolio
Enterprise Business Target Group TypeDelightfully Yours Catering Newcomer women TransitionalHawthorne Food & Drink Restaurant Newcomers Transitional
FreeGeekToronto Computer recyclingPsychiatric consumer/survivors
Permanent
Friends’ Catering Catering Homeless/at risk Transitional
Furniture Link Furniture pick-up & delivery
Homeless/at risk Permanent
Haween Enterprises Textile manufacturing Newcomer women TransitionalSelf-employment
Inspirations Studios Arts & crafts Women PermanentSelf-employment
Interpreter Services Toronto
Interpretation & translation
Newcomer womenPermanentSelf-employment
Out of This World Café Café & cateringPsychiatric consumer/survivors
Permanent
Parkdale Green Thumb Enterprises
Horticultural maintenancePsychiatric consumer/survivors.
Permanent
Phoenix Print Shop Printing Youth Transitional
The Silver Brush PaintingPsychiatric consumer /survivors
Permanent
Windfall Brides Bridal boutique Low income Transitional
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TEF’s Seed Funded Enterprises
Enterprise Business Target Group Type
2013 SEED FUNDING:
BlackBoard Marketing Marketing agency Youth Transitional
Carefirst Cleaning Residential cleaning Newcomers Transitional
Switchback Cycles Bicycle retail shopStreet-involved people
Permanent
ALUMNI:
St. John's Bakery Bakery homeless/at risk Permanent
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• 2012 total grants $828,000• 14 enterprises: $2.5 million in sales, $1 million in wages
to participants• 6 enterprises => 100% business cost recovery• 2,400 participants since 2000; 324 in 2012• 70% earned employment income in 2012• ability to pay bills quadruples over 6 months• 66% connected to permanent employment• 35% improved their housing (since 2000, 42%)• 80%+ better health, food security, self-confidence, and
connections to community
TEF’s Statistics
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TEF’s Statistics - Housing
5% On the streets24% In a shelter or transitional housing17% In temporary, unsuitable or overcrowded housing 3% In hospital or prison36% At risk of homelessness15% Other
Since Jan 2009: 3% Moved off the streets11% Moved from shelters/transitional to independent17% Moved to better conditions10% Reduced % income paid on rent from >50% to <50%13% Made other housing improvements
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Four Key Considerations
1. Social enterprise is unlikely to free a nonprofit from all other types of revenue
2. Launching and running a social enterprise is as risky as launching and running a business
3. Social enterprise demands skill sets that a typical nonprofit may not have
4. Social enterprise has the added challenge of managing both mission and margin
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1. Business activities fitting organizational culture
2. Knowing the industry
3. Treating the enterprise as a business
4. Hiring the right people
5. Setting realistic expectations
6. Improving financial literacy
Key Success Factors
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The broader context
Advocacy work:• Enhancing business skills• Expanding markets• Increasing access to capital• Raising awareness and demonstrating
impact• Creating a supportive legislative
framework