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Prosperity Initiative

Beam Project Type:     Project in Plan Phase

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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Collaboration

Lead Organization: Southern Minnesota Initiative Foundation

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

Potential Collaborators:

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."

Strategy

In addition to Small Business Development Center-Rochester, other partner organizations include Blandin Foundation's Leadership in Ethnically Diverse Communities Program, Community and Economic Development Associates, Greater Mankato Diversity Council, Latino Economic Development Center (Minneapolis), Project FINE (Winona), Region 9 Development Commission (Mankato), Diversity Council (Rochester), and Welcome Center (Austin). — staff reports

Impacts

PlanScape

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

Level 2: Education ; Adult Education

DMC:

Community Health:

Highlight Activities

2018-07-011

Minority Business Conference hosted by SBDC, Diversity Council and Prosperity Initiative

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Status Reports Related PlanScape Status on: Business Process, Diversity and Inclusion, Economic Development

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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October 16, 2018: Cradle to Career publishes community report

Cradle to Career published Community Report and recruiting Collaborative Action Network (CAN) conveners for Kindergarten Readiness and On-Time Graduation.

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October 04, 2018: 6 Crtical Components for Discovery Square

Presented to DMCC Board in its September 2018 board meeting.

 

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October 02, 2018: Greater Rochester Non-Profit Partners (GRNPP) Formal Alliance Proposal

Announcing Rochester Area Nonprofit Consortium Forum November 13, 2018 and info on prior webinars to formally kick off this work. A number of members of the Greater Rochester Non-Profit Partners (GRNPP) are proposing a formal alliance framework.

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September 19, 2018: November 2017 DMC Dashboard

September 2018 DMCC Board Meeting, YE 2017 DMC Metrics per Nov. 2, 2017 DMCC Board Meeting.

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September 18, 2018: Diversity Council newsmaker

A sample of Diversity Council community engagement activities.

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September 16, 2018: Agreement with Minnesota Department of Human RIghts

RPS, ISD 535, entered into collaboration agreement with MDHR.

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August 08, 2018: Riverfront project gets first nod per Post Bulletin Report

"Early plans for a $180 million construction project along the Zumbro River received some enthusiastic support from Rochester's Planning and Zoning Commission Wednesday night." 

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July 30, 2018: Closing referral disparities (resolution agreement with Office of Civil Rights)

July 18, 2018 Commissioner Lindsey of the MN Department of Human Rights Forum with Rochester Community.

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July 27, 2018: CNG Steering Committee info "Stop the Census Citizenship Question"

CNG Steering Committee helping LWV spread the word to "Take Action Now To Stop the Census Citizenship Question!"

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

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