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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 Information

Collaborators, Project Phase & 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 Plan ; 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:


Project Phase

Plan  Phase

Project Type

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."

 


Key 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 ...



Key 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  
March 29, 2023: Accessory Dwelling Unit Pilot Program Open for Applications
The Accessory Dwelling Unit (ADU) Pilot Program supports and encourages property owners in the city of Rochester to develop ADUs on their properties.

Read more ...
March 11, 2023: Preserving community area resources knowledge
Rochester Area Resource List sourced from Diversity Council and link to Beam search engine.

Read more ...
February 25, 2023: Use of "America City for Health" as moniker to attract DMC investment

Feb 2023 Business Development status; Nov. 2021 Presentation to DMCC Board in November 2021 Board Meeting. Focus on attracting more companies coming in.  America City for Health as lead generation asset. 

Read more ...
February 22, 2023: Commitment to Action for Racial Justice project
1Q2023 NPC Quarterly Commitment Meeting Takeaways: Meeting Notes, YouTube of Uncomfortable Conversations with a Black Man. 

Read more ...
February 13, 2023: RCTC/Perkins Grant Opportunity
RCTC/Perkins Grant: The Strengthening Career and Technical Education for the 21st Century

Read more ...
February 10, 2023: 2023 Destination Medical Center (DMC) Reports
Feb 9 2023 DMCC Board Meeting and City, County, DMC Collaborative Session

Read more ...
February 10, 2023: MNDOT: Highway Heavy Carpenter Rochester Training
Free five-week program. Starter tool set included after completing the program

Read more ...
February 01, 2023: Black History Month Series of Events

(1) 2024 Black History Month Press Release; (2) 2022 Black History Month Press Release; (3) 2021 Black History Month Press Release  

Read more ...
January 28, 2023: State of Minnesota
Community Conversation: Building Racial Equity into the Walls of Minnesota Medicaid - A focus on U.S.-born Black Minnesotans

Read more ...
January 27, 2023: Community Health Assessment Process
2021 - 2023 CHIP Priorities and Status; 2024 - 2026 CHIP Priorities

Read more ...
January 25, 2023: Rochester Downtown Alliance
2023 Thursdays Downtown vendor applications are now open

Read more ...

 

 

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

 

 

 

Site Information
Beam
  • 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.

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.
Links
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