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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 Impact(s): Business Process, Diversity and Inclusion, Economic Development, Entrepreneurship, Workforce Development

This project is in Plan Phase

  • Explore this page to view Beam's assessment of the basic description of the project, its impacts and collaboration atrributes. Also shown are status reports related to the project.
  • Please click this Link to get to Beam's view of the project's strategy, expected results, and monitored metrics.

Collaborators, Project Type, Impacts, Related Projects

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:


Related Projects

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


Impacts 

Major Impact:  Workforce Development

PlanScape Impacts :

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

Level 2: Education, Education

DMC Impacts:

Community Health Impacts:


Type of Project

Planning  

 

 

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."

 


Pinned Reports on: Prosperity Initiative


Prosperity Initiative (August 17, 2022)

(1) About the program and August 2022 recruting  (2) 2018-07-011 Minority Business Conference hosted by SBDC, Diversity Council and Prosperity Initiative

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Reports on: Prosperity Initiative


Prosperity Initiative (August 17, 2022)

(1) About the program and August 2022 recruting  (2) 2018-07-011 Minority Business Conference hosted by SBDC, Diversity Council and Prosperity Initiative

Read more ...



Other Community News and Reports having impacts on:

Business Process, Diversity and Inclusion, Economic Development, Entrepreneurship, Workforce Development
February 14, 2025: Minnesota Selected for National Cohort Around Dual Enrollment Policy
Saint Paul, MN – Minnesota is one of seven states selected to join The Next Phase of Dual Enrollment Policy Cohort, a new initiative from the College in High School Alliance (CHSA) that seeks to advance dual enrollment policies across the nation. The cohort also includes New Mexico, Ohio, Oregon, Tennessee, Virginia, and Washington.

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February 13, 2025: Journie 2025 Activities
Journie Juneteenth Recognition: 2025 Mr. & Miss Juneteenth Scholarship Recognition Application and Sponsorship Opportunities

The Juneteenth Experience Event at Mayo Civic 

 

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February 11, 2025: City SUPPORTING TRANSFORMATION - BOLD Unbound
City Council Study Session:

Video Recording Link

Presentation

Collaboration Commitment

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February 11, 2025: Vision 2050 Report and Next Steps
Press Release

Results Report

City Council Study Session

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February 08, 2025: Accountability and Metrics
DMCC Feb 2025 Meeting Accountability and Metrics engagement:

Presentation, Memo and Video Recording

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February 07, 2025: DMC Equitable Economic Development
Feb 2025 DMC Board Meeting Report: Community Co-design, Equity Alliance Topics, Community Connection & Capacity Building, Pitch Event, Targeted Business Metrics, Affordable Housing

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February 06, 2025: DMC Feb 2025 Key Topics
Feb 2025 DMC Board Meeting Key Topics:

Annual Report; Metrics and Accountability; 2nd Street SW Public Realm Enhancement; Public/Private Collaboration to advance City for Health brand; Video Recording

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February 04, 2025: City Council Approval of Seneca Site for Sports Complex
Authorizing finalization of negotiations with Seneca Foods Corporation to purchase the approximately 160 acres of property in the amount of $5,000,000 for the Rochester Sports and Recreation Complex, to be finalized by survey of the property.

PB Reporting

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February 01, 2025: Rochester Sports Complex Community Inputs

ISIAH:  Ask Rochester City Council to Ensure Equitable Benefit of the Regional Sports Complex: "We believe it’s important that this complex offer equitable community benefit to residents and particular families who lack accessible recreation spaces and affordable, structured programs for their children."

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January 31, 2025: 2024 – 2026 OLMSTED COUNTY COMMUNITY HEALTH IMPROVEMENT PLAN (CHIP)
A Collaborative Community Effort Led by: Olmsted County Public Health Services, Olmsted Medical Center, and Mayo Clinic

The Community Health Assessment and Planning (CHAP) Process is about improving the health and well-being of residents in Olmsted County. Every three years the community conducts a health needs assessment to determine Olmsted County’s health priorities; formulate a plan to address the needs; and publish an annual progress report. Olmsted County Public Health Services, Mayo Clinic, and Olmsted Medical Center engage with diverse partners across our community to lead this process.
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January 30, 2025: Black History Month Series of Events

(1) 2025 Blank History Month Press Release (2) 2024 Black History Month Press Release

(3) 2023 Black History Month Press Release (4) 2022 Black History Month Press Release;

(5) 2021 Black History Month Press Release  

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January 25, 2025: Rochester International Relations Committee
1. 2025 Sister City Trips: Japan, Germany

2. Rochester Sister City Application (Roles and Responsibilities)

3. Meeting Info: Dec 2024 Meeting Minutes; Dec 2025 Mtg Agenda

Read more ...
January 21, 2025: Truth, Racial Healing & Transformation Guidebook
W.K. Kellogg Foundation Publication: Truth, Racial Healing & Transformation Guidebook: "Truth, Racial Healing & Transformation (TRHT) is a proven method for activating our collective dreams for our children. It enables communities to look at the root cause of the issues children and families face, namely racism; to begin healing from trauma and the embedded belief system that upholds racism; and to envision and build a more equitable future."

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January 18, 2025: One Olmsted: Celebrating 2024 successes of diversity, equity, and inclusion
One Olmsted – Olmsted County’s diversity, equity, and inclusion (DEI) initiative – is about envisioning and developing a workplace and community where everyone is treated equitably. Olmsted County staff continue to make progress toward this vision and some highlights of their work in 2024 are noted below.

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January 16, 2025: Immigrant RIghts and immigration services
Collection of Information regarding legal services for those who live or work in Southern Minnesota. 

Helpful resources Links

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Last modified by allnode on 2023/03/22
Created by allnode on 2016/01/08

 

 

 

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Project Phase Definitions
The following defines the various project phases:
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