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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.

Read more on the web ...

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:

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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February 15, 2019: Councilman Michael Wojcik Comments to DMC pertaining to Affordable Housing

Here are 6 comments / Suggestions that that Councilman Wojcik sent do the DMC EDA and Board pertaining to how DMC can have a positive impact on the affordability of housing in the district and beyond.

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February 08, 2019: Bloom Reconsiders Second Phases of Riverfront Project

"Bloom International Realty may be rethinking plans to build the second phase of its $230 million riverfront development in downtown Rochester.

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February 02, 2019: History Center to present Traveling While Black

The “Traveling While Black” exhibit being developed by the History Center of Olmsted County will chronicle the challenges faced by black motorists prior to the passage of the Civil Rights Act in 1964.

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January 28, 2019: Race Exhibit Returns to Rochester

Updates from Tony Williams, Science Museum of Minnesota

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January 17, 2019: Affordable Housing Proposal

The City of Rochester is looking to have up to 10 floors of housing constructed on top of a brand new 650 unit parking ramp.

This is in both a targeted census tract, an opportunity zone and a couple blocks from the Mayo Clinic. The city spent an addition $500k to ensure footings could serve up to 10 addition levels of housing.

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January 14, 2019: Rochester Area Volunteer Meeting Calendar

2019 Meeting Calendar and List of agencies participated in April 12, 2018 Community Volunteer Fair.

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January 14, 2019: City of Rochester Vision, Principles and Priorities

City Council COW was shown this Rochester Vision Document. 

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January 12, 2019: Open Beam: A "For Purpose" Entity Enterprise

OpenBeam (being evolved by Al Lun and Erik Lundquist) is exploring to use the PowerShift extension of Holacracy to build out a for-purpose organization that features radically transparent organizational structure designed to be devoid of traditional territorial, ego-centric, command-and-control bureaucratic structure. 

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December 21, 2018: Triton Hilton Hotel (Broadway at Center) Asking for more TIF

Rochester developer Gus Chafoulias wants an additional $6.5 million in city assistance to pay for the nearly-complete Hilton hotel project.

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December 19, 2018: CHNA Meeting and News

December 13, 2018 CHNA meeting minutes. 

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December 11, 2018: Community for Health Workgroup Log

DMC EDA initiated Community For Health group effort notes.

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

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Beam
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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?

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