A Quote by Brad Duguid
Through the Social Enterprise Demonstration Fund, we are connecting high-potential social enterprises with the resources they need to grow and create jobs. This not only contributes to a fairer, more prosperous province; it also helps position Ontario as a global impact investment leader.
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We want to encourage investors to target businesses that focus on achieving more than just profits - by placing their money into businesses that also positively contribute to social or environmental benefits in Ontario. Angel investors can help social enterprises grow and succeed, and through our partnership with the Network of Angel Organizations and the Impact Angel Alliance, we are making it easier for social ventures and angel investors to connect, contribute, and make our society a better place to live.
Ontario's auto sector is a cornerstone of our economy - a key source of our ability to export, innovate and create jobs. In this highly competitive global economy, we need to drive further investment and ensure the sector remains strong. I am confident that this new partnership, with Ray Tanguay's strategic advice and leadership, will allow Ontario to increase our competitiveness, productivity, and market share in the auto sector, and I look forward to their important work contributing to a more prosperous, innovative Ontario economy.
Social incubators not only create economic impact but also have impact in other sectors, such as healthcare, education, and the environment. As the number of social incubation programs increase in the global incubation sector, there is a greater need to help programs improve and help others start.
We would love to see Canadian federal and provincial governments establish a new business entity class like the CIC or L3C for social enterprises. Our governments should also offer tax incentives to entice more entrepreneurs into the social economy, and encourage foundations and impact investors to put their capital into social enterprises.
Social incubators not only create economic impact but also have impact across sectors, such as healthcare, education, and the environment. As the interest in social innovation increases, there is a greater need to help existing programs improve and build new programs.
Providing individuals with multiple pathways and resources to find work or foster ideas that both create jobs and address social challenges can have significant impact. Ultimately, this helps address the unemployment challenge.
This investment will provide capital to help high-potential start-up companies transition from product development to market entry, while also providing skills training to help them position themselves to be more attractive to investors and commercial partners. We are pleased to support the entrepreneurial community in southern Ontario and contribute to economic growth and job creation.
Americans deserve a simple, fairer, and flatter tax code that jumpstarts our economy, helps create jobs, and makes America a leader again.
I want to open up investment even further so over the summer we'll launch a consultation on indirect investments in social enterprises - including exploring the possibility of a new scheme based on the success of venture capital trusts which will enable investors to pool their funds to support a variety of social enterprises.
I'm the founder and CEO of Sama Group, a family of social enterprises - Samasource, Samahope and SamaUSA - that are working to alleviate poverty by connecting the global community to opportunity in sub-Saharan Africa, South Asia, the Caribbean and here in the U.S.
In a changing world, some jobs disappear and new ones are created. That's how it has been for hundreds of years. When jobs disappear, the vast majority is not because of global trade, but because of technical advances, robotization and so on. So, we - and in particular, EU member states - have to invest more in training and education so that people will have new opportunities if their jobs are cut. The EU can also better utilize its investment and social funds to protect its citizens from swift changes.
There is a clear connection between developing the skills and talents of young people, and our economic success as a province. Initiatives like the Make Your Pitch competition and the Ontario Social Impact Voucher help us nurture the next generation of business leaders. We will continue creating an inviting environment for our next generation of entrepreneurs, ensuring they develop the right skills needed to succeed in a globally competitive economy and build the future of Ontario.
To realize President Obama's vision of opportunity for all, it's all about making the right match. The way we do that is through job-driven training - connecting ready-to-work Americans with ready to be-filled jobs. It helps more people secure a foothold in the middle class and helps businesses to profit and grow.
Communities do need police, but law enforcement needs to be much more transparent and held accountable for their actions. We also need increased resources for mental health services, affordable housing, education, jobs training, and much more to truly address social and economic issues in our communities.
Community interest companies are a growing form of regulated social enterprises, and we want to make sure that the rules are as friendly as possible for investors and social enterprises.
All businesses should have an element of social enterprise, and all social enterprises should not ignore the most important lessons from successful commercial businesses.
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