Ontario Unveils Plan to Promote Social Enterprises

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Ontario Unveils Plan to Promote Social Enterprises

by Vikas Vij

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#Ontario is home to 10k social enterprises, and is looking to increase that number http://bit.ly/28WCYGf via @Justmeans
Monday, June 27, 2016 - 8:00am

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Social enterprises use business strategies to achieve a social or environmental impact. While generating revenues from the sale of goods and services, social enterprises also expressly intend to create positive outcomes, and measure their results. As their business grows, so does their social impact.

Ontario, the most multicultural province in Canada, is home to about 10,000 social enterprises, which are building solutions in the fields of inclusive employment, education, health and environmental sustainability. Now the province has launched a five-year strategic plan to strengthen a thriving marketplace of sustainable and scalable social enterprises.

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Vikas is a staff writer for the Sustainable Development news and editorial section on Justmeans. He is an MBA with 20 years of managerial and entrepreneurial experience and global travel. He is the author of "The Power of Money" (Scholars, 2003), a book that presents a revolutionary monetary economic theory on poverty alleviation in the developing world. Vikas is also the official writer for an international social project for developing nations "Decisions for Life" run in collaboration between the ILO, the University of Amsterdam and the Indian Institute of Management.

Keywords: Innovation & Technology | Canada | Justmeans | Ontario | Responsible Business & Employee Engagement | social enterprise strategy

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