Economic development professionals and mayors are working in partnership with foundations, anchor institutions, unions, community organisations, progressive business networks, workers, and community residents.
What’s emerging is a systems approach to creating an inclusive, sustainable economy where all can thrive.
The work is place-based, fed by the power of anchor institutions, and built on locally rooted and broadly held ownership. It’s about building Community Wealth powered by Economically Sustainable Social Enterprises and Co-operatives.
Kommuniti - A Social Enterprise whose purpose is to create Community Wealth and help end;
• Loneliness via our Meetup groups and Service providers
• Poverty via our Workshops, Events and Employment
• Homelessness via our Members, Stakeholders and Impact
Social Enterprise Definition Using the power of the marketplace to solve the most pressing societal problems, social enterprises are commercially viable businesses existing to benefit the public and the community, rather than shareholders and owners.
A social enterprise is a descriptive term for a range of businesses prioritising social goals, rather than a legal form in itself.
In the Australian context, social enterprises take on a range of organisational legal structures, making it difficult to distinguish them from other organisations.
• 1. The enterprise has a defined primary social purpose, environmental or other public benefits.
• 2. The enterprise derives a substantial portion of its income from trade.
• 3. The enterprise reinvests 50% or more of annual profits towards achieving the social purpose.