N.S. government teams up with Social Enterprise Network
The Nova Scotia government is teaming up with the Social Enterprise Network of Nova Scotia to help more social enterprises start and expand.
The province is investing $200,000 to help develop a portal where entrepreneurs can access resources and training, and to conduct research into the economic and social value created by social enterprise.
A social enterprise is a business operated to address social, cultural, environmental or economic challenges, with most profits reinvested to support that purpose.
Business Minister Mark Furey says it's an exciting business option for socially-minded entrepreneurs, especially youth, who want to create jobs, while making a difference in the world.
Last fall, Invest Nova Scotia invested $1.5 million over three years for a social enterprise incubator to help businesses start, grow and develop new markets.
The province says the program has received nearly 80 applications to date and is currently helping several businesses move their ideas forward.
Nova Scotia's social enterprise sector employed at least 3,000 people as of 2013, and paid out more than $83 million in wages and salaries.