Economic activity comes from more than businesses

In the article “Economic activity comes from more than businesses” featured in the Providence Business News author Dr. Anthony DiBello states…

Another budding field of economic activity and opportunity among nonprofits is “social enterprise.” Nonprofits can set up or sponsor subsidiaries that are run like businesses. These organizations generate revenue that is then used either to fund core activities of the nonprofit or offer resources back to the community. Well-recognized social enterprises include Salvation Army thrift stores and Girl Scout cookies.

As a way to promote such economic activity here in Rhode Island, Social Venture Partners is sponsoring a conference on social enterprise at Bryant University in November. As an indicator that government sees its value, Providence Mayor David N. Cicilline is scheduled to be a keynote speaker.

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