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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
November 14, 2024: Restorative Practices Advisory Committee

Press Release: Olmsted County residents encouraged to apply for Restorative Practices Advisory Committee (RPAC)

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November 11, 2024: Rochester Public Schools Referendum Nov 2024
RPS Superintendent Video and Presentation Slides

Referendum to support: Strong Communities; Strong Schools; Strong Young People

PB Reporting on Referendum Efforts and Results

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October 24, 2024: Rochester NAACP And Mayo Clinic AD MERG

Love Wins: Community Empowerment Initiative

Free Workshop and Community Townhalls Press Release

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October 16, 2024: 2024 Destination Medical Center Reports
Proceedings

September 2024 DMCC Board Meeting with 2025 Workplan Breakout

May 2024 DMCC Board Meeting and City, County, DMC Joint Meeting

Feb 2024 DMCC Board Meeting

Read more ...
October 11, 2024: Juneteenth Activities

November 2024 Selma Film and Discussions

2024 Recognition: $1K Scholarship: 2024 Rochester H.S. Graduate: Application and Nomination, Sponsorship and Donation support, Facebook photos of 2024 Mr. and Miss Juneteenth

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October 09, 2024: Rochester Community Initiative (RCI)
Students Decoded: The Mental Health Database

C2C October 9, 2024 Summit

Presentation Slides  

 

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October 02, 2024: Rochester Vision 2050
Call for inputs: Mayor Norton YouTube Messages

Vision 2050 AI-Powered Interactive Survey LINK

Mayor Norton Memo to the Public

 

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October 02, 2024: OpenBeam to support collective impact
Presentation Slides of Education Portal for C2C Oct 9, 2024 Education Summit

Results Based Accountability

Collective Impact: Spectrum of working together

Tech Support

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October 01, 2024: Early Childhood Resource Hub Launch

The Early Childhood Resource Hub, a collaboration between C2C and IMAA, aims to connect Olmsted County families with young children to various resources and services.

 

Read more ...
September 30, 2024: West Transit Village
September 2024 DMCC Board Update

September 2022 DMCC Board Status: NTH to run a developer selection process with Mayo

 

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September 30, 2024: Economic Vibrancy & Growth Management

City teammates providing an update on this work, specifically regarding legacy public infrastructure projects, Unbound, infrastructure investments and regulatory milestones.  

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September 23, 2024: A Study of Financial Hardship

Post Bulletin Reporting

United Way 2024 ALICE  (Asset Limited, Income Constrained, Employed) Report 

Read more ...
August 30, 2024: CMRC Legacy and Future

CMRC pausing public activities and investment potential white paper availability announcement.

Read more ...

 

 

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

 

 

 

Site Information
Project Phase 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.
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