|Social entrepreneurship heats up in Portland||| Print ||
|Tuesday, August 17, 2010|
Portland is earning a reputation as a hub for business minds who want to change the world. Several local companies are finding a way to make a profit and actually do a little good for the world at the same time.
The concept is called social entrepreneurship, and the idea is to find a business model that can solve a social or environmental problem while also being profitable and self-sustainable. The term was coined in the 1980s, but in recent years it has gained more attention and is finding success in the Portland area.
Adrienne Karecki, the director of business enterprises at Central City Concern (CCC), which helps Portland-area homeless people get back on their feet, was looking for a partner to help establish a business for her organization. At a PSU fundraiser event Karecki was approached by a fellow member of the PSU incubator, Sustainable Harvest, and an idea sparked.
Karecki was thrilled with opportunity to work with Sustainable Harvest, and the PSU incubator.
“It was amazing timing and really the concept has gone back and forth between us, and if the numbers pan out and we can train a large number of people we want an ultimate goal of turning a profit to financially support both our programs,” said Karecki.
Jessica Hoch is an online reporter for Oregon Business.
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Oregon Business magazine's 5th annual
100 Best Green Companies to Work For in Oregon
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From Oregon Translational Research and Development Institute: OTRADI today announced its plans to open and operate a 13,000 square-foot multi-tenant bioscience complex in the Willamette Wharf building at 4640 SW Macadam Avenue. Slated to be complete in spring 2013, the OTRADI Bioscience Incubator (OBI) will house up to six companies.
MEDIAmerica, publisher of Oregon Business and Oregon Home magazines, announces a new retail website: HalfOffOregon.com. The website offers lodging, dining, recreation and many other items at half off their regular cost.
As you probably know by now, The Vernon Company is a national leader in the promotional products industry with annual sales of over $60 million. We are a family owned business, led by the fourth generation of the Vernon family.