#SoEnt on Social Enterprise
Since 2012, as part of our social enterprise initiative, the CCT has presented an annual Work of Our Hands Summit focusing on faith-rooted social business models that can employ people with barriers to employment. It also explores job creation, training, or employment support strategies that are working in every kind and size of faith institution.
Business and ministry students as well as community practitioners and pastors have found inspiring and innovative models at this event. Out of this process, the CCT has helped to catalyze a social enterprise movement in the valley, catalyzing 32 social businesses, of which 69% are still operating (see CCT Spark Tank Social Enterprises with this link).
At #SoEnt17, we showed faith institutions how they could incubate a small social business, provide entrepreneurship models for church youth groups, share micro lending approaches, and demonstrate how people of faith can address our valley’s poverty by fostering a culture of innovation.
The purpose of the Spark Tank is to stimulate the start-up of social enterprises strategically connected to churches or Community Benefit Organizations. A social enterprise has to demonstrate the triple bottom line as follows:
- Financial sustainability
- A clear intent to impact a specific social problem
- Something that is non-toxic for the environment
It can be proposed as under the umbrella of the organization, or by an individual entrepreneur that has structured the enterprise to benefit the organization either by providing a revenue stream or by helping to accomplish one of the organization’s goals.
Learn more about the contest and rules:
Social Business Plan Template 2017b