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.