Home > Uncategorized > REDF Gets More Money to Create Social Enterprise Jobs

REDF Gets More Money to Create Social Enterprise Jobs

REDF, one of our favourite social venture capital funds, has just announced a two-year $3 million federal Social Innovation Fund  grant from the Corporation for National and Community Service (CNCS) in the US. The support has been welcomed by REDF’s management and they will use it to expand their San Francisco Bay Area social enterprises, and to take their work to other parts of California. They were  the only California-based organization among the eleven groups selected.

REDF (formerly The Roberts Enterprise Development Fund) is a San Francisco-based high-impact venture philanthropy organization dedicated to transforming lives through the creation of jobs and economic opportunity.

REDF believes that nonprofit-run social enterprises can create the jobs that offer a way into the workforce for young people and adults who would otherwise face almost insurmountable barriers due to histories of homelessness, addiction, mental illness or incarceration. This ties in nicely with the messages in the recent Social Enterprise Taskforce report that was presented to government here in Ireland.

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