Scaling an Approach that Works
Social enterprises are competitive, revenue-generating businesses with a clear social mission: they hire, and provide training to people who are striving to overcome employment barriers including homelessness, incarceration, substance abuse, mental illness, and limited education.
Social enterprises provide a real paying job and wraparound services that help employees stabilize their lives, build their skills, and succeed. When employees are ready, social enterprises help them find lasting, competitive jobs with forward-thinking employers. And because social enterprises reinvest their profits in their businesses so they can help more people, they require less outside funding and are more sustainable.
REDF is the only venture philanthropy in the U.S. that invests exclusively in the growth of social enterprises focused on employment.
Since 1997, REDF has provided seed and growth capital and specialized advisory services to over 140 social enterprises in California, which have earned and reinvested in their businesses more than $505 million in revenue and employed 28,400 people, helping spending for government programs go further while improving lives and communities.
REDF has expanded the impact of its work nationally, building the field of social enterprise, deepening the evidence base to demonstrate the return on investment, and partnering with some of the most effective and innovative social enterprises around the country to strengthen their business, scale their impact, and help tens of thousands more people transform their lives and futures.