|
Nonprofit
Enterprise
A
large and growing number of nonprofit organizations have begun
in recent years to establish for-profit business ventures
to generate new sources of income, free themselves from dependency
on philanthropic grants and government funding, and build
community based enterprises that can provide jobs, services
and stability to neighborhoods. Their success is important
in demonstrating that non-business groups can develop and
own business ventures that are not only profitable but confer
numerous benefits to the community in which they are located.
The benefits
of nonprofit owned business enterprises are many: (1) they
often train and employ the most disadvantaged members of the
community; (2) they help ensure that community dollars remain
local, thus multiplying their value; (3) they are often more
employee-oriented than private firms, paying higher wages
and providing supportive services such as day care and skill-building
training; and (4) they are more anchored in the community
as their boards generally consist of community residents and
stakeholders, and their mission is locally focused.
Previous
Model
|| Next
Model 
|
