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Prosperity Initiative

The Prosperity Initiative promotes inclusive entrepreneurship and business growth for entrepreneurs who identify as Black, Indigenous or people of color (BIPOC). The program provides regular education, coaching and business resources to BIPOC business owners in SMIF’s 20-county region.

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Project Impact(s): Business Process, Diversity and Inclusion, Economic Development, Entrepreneurship, Workforce Development

This project is in Plan Phase

  • Explore this page to view Beam's assessment of the basic description of the project, its impacts and collaboration atrributes. Also shown are status reports related to the project.
  • Please click this Link to get to Beam's view of the project's strategy, expected results, and monitored metrics.

Collaborators, Project Type, Impacts, Related Projects

Collaborators 

Lead Organization: Southern Minnesota Initiative Foundation

Contact: Meg Steuer ; Email: MegS@smifoundation.org ; Phone: 608-397-0079

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

Potential Collaborators:


Related Projects

Collider Inclusion Open Entrepreneur Ecosystem Navigator ; Diversity in Business Initiative ; Supplier Diversity Initiative ; Targeted Business Enterprise Utilization ; enCounter Poverty


Impacts 

Major Impact:  Workforce Development

PlanScape Impacts :

Level 1: Business Process, Diversity and Inclusion, Economic Development, Entrepreneurship, Workforce Development

Level 2: Education, Education

DMC Impacts:

Community Health Impacts:


Type of Project

Planning  

 

 

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."

 


Pinned Reports on: Prosperity Initiative


Prosperity Initiative (August 17, 2022)

(1) About the program and August 2022 recruting  (2) 2018-07-011 Minority Business Conference hosted by SBDC, Diversity Council and Prosperity Initiative

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Reports on: Prosperity Initiative


Prosperity Initiative (August 17, 2022)

(1) About the program and August 2022 recruting  (2) 2018-07-011 Minority Business Conference hosted by SBDC, Diversity Council and Prosperity Initiative

Read more ...



Other Community News and Reports having impacts on:

Business Process, Diversity and Inclusion, Economic Development, Entrepreneurship, Workforce Development
August 30, 2024: CMRC Legacy and Future

CMRC pausing public activities and investment potential white paper availability announcement.

Read more ...
August 12, 2024: Community Healthcare Simulation Center Co-Design Report
Jun 2021 Co-design Report

2024-08-12 PB Reporting GRAUC leads project to build prototype sim center The Southeast Minnesota Community Healthcare Simulation Center is set to open in downtown

Rochester by mid-October

Read more ...
August 08, 2024: Anti-Hate Rally and Forum

Racism, Anti-Semitism and the Fight Against Hate

"Abolishing racism, hate crimes, and white supremacy isn’t a problem for one group to face alone; it’s a shared burden that requires a strong and unified response."

Read more ...
August 07, 2024: Age-Friendly Olmsted County (AFOC) Plan

August 2024 Report : Age-Friendly Olmsted County (AFOC) activities implementing the Age

Friendly Olmsted County 2022-2025 Action Plan since our annual report in February 2024.

Read more ...
August 02, 2024: Rochester Vision 2050
The visioning effort calls for soliciting broad community input to help propose desired strategic initiatives based on desired outcomes through 2050.

Read more ...
July 27, 2024: C2C Summer 2024 Sparklers

Newsletter Highlights:

Systems Change Designation; Data Updates; Network Updates; Contributors

Read more ...
July 17, 2024: City Housing Support

Home Ownership Creation Program - Prairie Ridge: "NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of Rochester, MN hereby approves the contribution of $4,000,000 to the Prairie Ridge development to support the creation of 201 for-sale homes via the Home Ownership Creation Program.

 

Read more ...
July 13, 2024: How does racism impact people’s health?

The framework defines structural racism as the “totality of ways in which societies foster racial discrimination through mutually reinforcing systems of housing, education, employment, earnings, benefits, credit, media, health care and criminal justice.”

Read more ...
July 01, 2024: First Half 2024 Targeted Business Enterprise Utilization Plan Reports

2Q 2024: June 2024May 2024 - Admin Message, TBE Report; April 2024 - Admin Message, TBE Report

1Q 2024: Feb 2024 - Admin Message, TBE Report; Jan 2024: Admin Message, TBE Report

Special callouts: Women in Construction; City of Rochester Equity in Development 

Read more ...
June 26, 2024: City of Rochester - Justice, Diversity, Equity, Inclusion (JEDI) Audit Status

June 24, 2024 City Council Study Session: Justice Equity Diversity and Inclusion (JEDI) Audit per Goodenough 

Departmental Audit reports of: Human Resources; Rochester Public Library; Parks & Rec 

 

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June 22, 2024: Rochester Area Volunteer Administration Training Info

Volunteer Recruitment Effectiveness: What can advertising teach us? 

Volunteer Process Assessment 

Read more ...
June 21, 2024: Somali American Social Service Association

SASSA to receive $1M from MN to train workers for high-demand employment. 

The funding is awarded under the Minnesota Department of Employment and Economic Development (DEED) Targeted Populations Workforce Competitive Grant Program.

Read more ...
June 20, 2024: Community Building Fund
The City of Rochester welcomes applications for the Community Building Fund.  This fund is all about supporting projects, programs, and events in the city that actively promote equity and inclusion.

Read more ...

 

 

Last modified by allnode on 2023/03/22
Created by allnode on 2016/01/08

 

 

 

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