Supportive Business Environment a Prerequisite to Social Enterprise Success


credit: Flickr

The PIDS (Philippine Institute for Development Studies) has released a study asserting that the country needed to develop policies which would enhance social enterprises. Marife Ballesteros and Gilberto said in the study that social enterprises could help decrease the distance between economic growth and people living in poverty.

They believe that social welfare, economic development and encouraging investors can help communities be more economically self sufficient. The United Nations has a program to help countries develop more business and sustainable economies.

A survey done in 2013 by the Institute for Social Entrepreneurship in Asia estimates that there are around 30,000 businesses in the Philippines. There is a bill pending in Congress that would help these enterprises.

The types of help would include tax exemptions, special credits, financial help for these companies. This bill would also include Government support in the form of informational assistance. Another aspect of the bill provides incentives for businesses that hire people with disabilities.

Ballesteros and Llanto maintain that unlike other laws this bill would not exempt companies from paying minimum wage. The new bill faces a few hurdles.

One problem is that it doesn't accurately define the difference between businesses that are for profit and those that are not for profit. There is also a question of whether there would be conflicts between the private and Government interests.

The Authors of the study that this bill can enable businesses to thrive. They state that the Philippines has the necessary ingredients for businesses to expand and help end poverty.




Read the Entire Article


Selected Foundation News

A customized collection of news from foundations from around the Web.

'Many Kind People in S'Pore': Dignity Kitchen to Restore Fire-Damaged Premises as Donations Pour in

A woman in her 80s in Singapore pulled $20 out of her purse and gave it to the founder of a social enterprise that provides jobs for people with disabilities, the BBC reports. Koh Seng Choon,...more

Legacy Foundation Grants $25000 To Local Non Profits

The Legacy Foundation in Ottumwa, Iowa, is putting its money where its mouth is. The foundation has awarded $25,000 in grants to six local nonprofits, including $10,000 to the Cardinal Youth...more

Pee Wee Homes to Receive a $40,000 Grant from Secu

A tiny-home nonprofit in North Carolina is getting $40,000 over the next two years to build three new homes for homeless people. Pee Wee Homes will use the funds to hire a property or...more

Legacy Announces $25000 in Nonprofit Grants

The Legacy Foundation in Ottumwa, Iowa, is putting its money where its mouth is. The nonprofit has awarded $25,000 in grants to six local nonprofits, including $10,000 to the Cardinal Youth...more

Accelerating Government Efficiency through Advanced Technologies and Innovation

When it comes to getting a driver's license in the US, there's a lot of red tape. In fact, more than half of the country's DMV offices are still manual, according to a new report from the...more

7.4 Representative Jennifer Mcclellan Talks Climate Resilience and Environmental Justice ...

Virginia Rep. Jennifer McClellan is the first black woman elected to Congress from her home state, and she's also the first black woman to represent it in the House of Representatives. But...more

Ulster Receives State Grant to Reduce Lead Exposure in Rental Housing

A pilot program in New York's Ulster County to help low- and moderate-income tenants deal with lead poisoning has been awarded $326,000, the Times Herald-Record reports. The county's Department...more

Editorial: Regional Projects Show Benefits of State Grant Money
Foundation: Lilly Endowment

Indiana is adding $500 million to its coffers and the Lilly Endowment is throwing in $250 million for community and economic development programs designed by communities themselves, the Columbus...more

Sandburg Nursing Program Receives State Grant for $96K

Carl Sandburg College in Monmouth, Ill., has been named one of 12 schools in the state to receive a $1.4 million grant from the Illinois Board of Higher Education to help increase the number of...more

Texas Apparel Company and Digital Asset Advocacy Nonprofit File Suit Against the ...

When Beba, a startup based in Waco, Texas, offered customers a chance to buy exclusive products at a reduced price with its digital token, BEBA, it didn't think much about the Securities and...more






Here are the star companies that have succeeded in their corporate social responsibility (CSR) programs. The companies were gathered by Civic 50, a national initiative to survey and rank S&P 500 corporations on how they engage with the communities they serve and utilize best practices in their corporate cultures.




Jobs in the Social Sector

  Education Jobs
  Executive Director Jobs
  Social Work Jobs
  Program Director Jobs
  Foundation Related Jobs



Federal Government Grant and Assistance Programs



Edited by: Michael Saunders

© 2008-2024 Copyright Michael Saunders