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Obama's Promise to Social Entrepreneurs
posted on Tuesday, November 11, 2008 12:00 AM
obama reaching out to social entrepreneurs
The presidential election of Barack Obama has sent waves of joy and tears across the globe. The beat on the street, especially in the US is buzzing, and something positive is definitely hanging in the air. But, what brings Obama and Social Entrepreneurship together in the same breath?
Well, Obama has pledged to create a Social Entrepreneurship Agency within the Corporation for National and Community Service, in order to create more funding for socially targeted startups. The agency would enable nonprofit organisations to obtain federal grants. In turn this will give government vital data to assess which charities are best to fund.
Obama also intends to create a Social Investment Fund Network, which would see both private and government capital being given to cities with innovative solutions to social issues. It is no wonder social entrepreneurs are looking to Obama to keep his campaign promises to invest in the nonprofit world. It's been eight years long coming, but it would appear a change has come for America and social entrepreneurship.
Comments
Sherrilene Collymore
Sunday, November 23, 2008 10:42 AM
God, I am happy with this change. I am excited with the possibilities [although remaining realistic; he's only human]. The attitude is so progressive it is encouraging. Looking forward to the implementation of the dream...
Creative Director
Monday, November 17, 2008 03:30 AM
Yes, it definitely is. And thank you for the link. I wasn't aware of this paper.
Jeff Mowatt
Sunday, November 16, 2008 10:40 AM
More interesting than one might imagine. 2 years ago, we as a UK based social enterprise submitted a development strategy to the Senate Foreign Relations Committee, where Obama and Biden were members, for a microeconomic 'Marshall Plan'. One component recommended was large scale investment in social enterprise. At Davos this year the East Europe Foundation was launched addressing this requirement. At the same conference Bill Gates described the concept of Creative Capitalism. The paper delivered in 2006 proposed a very similar concept. http://www.p-ced.com/projects/ukraine/national/ Jeff Mowatt
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