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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.

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

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

Other Community News and Reports having impacts on:

Business Process, Diversity and Inclusion, Economic Development, Entrepreneurship, Workforce Development

November 19, 2024: Workforce Development, Inc. presents The Downtown Business Pitch Day 2024

John Marshall High School eleventh grade Economics students will take center stage at the Chateau Theatre for the Downtown Business Pitch Day!

November 14, 2024: Restorative Practices Advisory Committee

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

This new RPAC will bring together residents, justice system representatives, and community organizations to promote and sustain restorative practices throughout Olmsted County.

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

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

Love Wins: Community Empowerment Initiative

Free Workshop and Community Townhalls Press Release

October 21, 2024: RPS Family Engagement Reports

Oct 2024 Reports

Reading Literacy Updates

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

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

October 09, 2024: Rochester Community Initiative (RCI)

Students Decoded: The Mental Health Database

C2C October 9, 2024 Summit

Presentation Slides

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

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

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.

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

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.

September 23, 2024: A Study of Financial Hardship

Post Bulletin Reporting

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

August 30, 2024: CMRC Legacy and Future

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

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:

Available - a product, program or service is in production
Develop - program or application is being developed
Plan - idea is solid, stakeholders are identified, and there is strong commitment to go forward from all parties.
Concept Phase - idea scoped out with enough details to give an early sizing and/or to build a proof of concept
demonstration
Pre-concept Phase - an early idea or a requirement.

About Beam

Community Beam (dmcbeam.org) is a registry of private and public resources (organizations, projects, initiatives, programs) that underpin economic and social developments of greater Rochester:

For the commercial sector, we tend to register startup activities (new companies and new commercial projects) that bring diversification and high-impact opportunities to the area.
For the non-profit sector, we wish to shine light on all the organizations and services that otherwise labor under relative obscurity.
Our hope is that dmcbeam.org will encourage cross-sector collaborations and creative solutions.

While there are a number of registries in the community, dmcbeam.org's distinct value is to pilot a database with a data structure and categorizations that answer the questions such as: What organizations or projects/programs in our community that have purported relevance with some of the over-arching focuses put forward by initiatives such as DMC, J2G and Health Improvements?

This database could be used as one of the ways to explore the capacities of the community. If you are someone on an exploratory journey to learn about the greater Rochester community. dmcbeam.org could be an interesting first step.

Links to Beam sub-sites

Sample of Beam sub-sites:

Sections

Prosperity Initiative

This project is in Plan Phase

Collaborators

Related Projects

Impacts

Type of Project

Pinned Reports on: Prosperity Initiative

Reports on: Prosperity Initiative

Other Community News and Reports having impacts on: