As nonprofits strive to become financially sustainable, the concept of “social enterprise” – combining the social mission of a nonprofit with the market-driven approach of a business – is gaining popularity.
The St. Petersburg Free Clinic has significantly expanded its ability to provide food assistance in Pinellas County. The new Jared S. Hechtkopf Community Food Bank makes it possible for the Free Clinic to meet increased need for food and to provide more fresh, healthy options.
The Community Foundation of Tampa Bay recently held its Big Idea Grant Competition and awarded $50,000 to fund a nonprofit’s social enterprise idea. The goal was for organizations to build sustainability and generate revenue to further their missions. Think Girl Scout cookies or Goodwill stores.