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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 Information

About the project

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:


Project Phase (Pre-concept, Concept, Plan, Develop, Available, Archive) 

Plan Phase

Project Type

  ; No  


Impacts

PlanScape Impacts :

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

Level 2: Education, Education

DMC Impacts:

Community Health Impacts:


Related Projects

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

 

 

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."

 

Key Status Reports


Key reports on: Prosperity Initiative


July 11, 2018 : Prosperity Initiative

2018-07-011

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



Key reports on: Prosperity Initiative


July 11, 2018 : Prosperity Initiative

2018-07-011

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


Key Beam Reports on:

Business Process, Diversity and Inclusion, Economic Development, Entrepreneurship, Workforce Development  
October 23, 2021: Facing Race 2021 Awards Ceremony

2021 Facing Race Awards Event on TPT 7PM October 24 and other broadcasts schedule. 

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October 23, 2021: Tackling Racism as a Public Health Issue

1. 10/22/2021 Presentation to CMRC;  2. August update posted on Olmsted County website

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October 16, 2021: Adminstration of Rochester's 3.12M award from Minnesota Main Street Economic Revitalization Program

Press Release DMC EDA to administer 3.12M distribution of MN Main Street Economic Revitalization Program.

"Formal grant criteria will be established, including the prioritization of Black, Indigenous, and People of Color (BIPOC) participation. DMC will serve as the administrator of the grant."

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October 10, 2021: Commitment to Action for Racial Justice project

September 27 2021, checkpoint meeting with commitment undersigned.  

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October 05, 2021: P-TECH 535

RCTC grand opening and IBM video in support of P-Tech. 

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September 22, 2021: History Center of Olmsted County

Newsletter and article about importance of the history center. 

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September 14, 2021: Olmsted County Health Assessment and Planning Partnership (HAPP)

Status reports: September 2021, March 2021 from CHAP quarterly meetings

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September 10, 2021: Age-Friendly Olmsted County (AFOC) Meetings Log

9/10/2021 message from Dave Beal, August 2021 kickoff and inventory meeting

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September 09, 2021: Racism and the Economy -- Federal Reserve Series

Understanding the implications of structural racism in America's economy. 

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September 02, 2021: Targeted Business Enterprise Utilization Plan 3Q2021

Key info includes: 3Q 2021 News, 2021 Global Mayors Challenge, DMC Discovery Walk Pre-bid 

Read more ...
August 29, 2021: NAACP, Rochester Chapter Speaker Series

Honesty in Education: A clarification of Critical Race Theory.

Read more ...
August 27, 2021: Olmsted County Human Rights Commission

Welcoming week information and Police Responses to HRC questions. 

Read more ...

 

 

Last modified by support on 2021/09/05
Created by allnode on 2016/01/08

 

 

 

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Definitions
The following defines the various project phases:
  1. Available - a product, program or service is in production
  2. Develop - program or application is being developed
  3. Plan - idea is solid, stakeholders are identified, and there is strong commitment to go forward from all parties.
  4. Concept Phase - idea scoped out with enough details to give an early sizing and/or to build a proof of concept
    demonstration
  5. Pre-concept Phase - an early idea or a requirement.
Links
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