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Notices for 6-12-00

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  • The US Naval Academy, Annapolis, MD, has selected DaVinci’s Works, a website development company, to develop and maintain a website targeted to midshipmen, retirees and active duty personnel.
  • Hogan Family Foundation, Westlake Village, CA, has broken ground for Gardens of the World. The Foundation hopes the garden will provide an educational environment that will expand appreciation of natural beauty from around the world.
  • The First Seattle Social Investors Forum sponsored by the City of Seattle, United Way of King County, Seattle Social Venture Partners (SVP), and the Seattle Social Enterprise Consortium was held on May 13, 2000 in Town Hall in Seattle. Five social service practitioners selected and pre-vetted by the Consortium gave business plan presentations and met with a self-selected group of 35 potential investors. The agencies involved were seeking support for the following types of business ventures: (1) An internship-based income generating business project to teach 13-18 year old students entrepreneurial skills, installation of computer networks and development and maintenance of web-sites (Technology Access Foundation); (2) An expansion of an on-going corporate greeting card business (The Treehouse); (3) A business project to train interns, in order to provide increased discounted technology services to the non-profit community (NPower); (4) A precision metal shop to be operated by a mixed work force including disabled persons using adaptive technology (AtWork); and (5) a $2,000,000, 19,000 sq. ft. retail and office facility intended as a profitable investment vehicle for investors both inside and outside the community and as a small business development incubator (Emerald City Outreach Ministries). Eleven of the approximately 35 investors indicated they wanted to make an investment. Six others were considering one. A national foundation which sent a representative to the event indicated a desire to make a $200,000 “Program Related Investment”. This would be a loan at very low interest (4.5%) with repayment of principal deferred for at least five years. Another investor offered a no-interest $40,000 loan and is forming an advisory board for one of the non-profits.At the time this is written approximately $70,000 had already been received from investors. SVP and the Social Enterprise Consortium seek to repeat the Social Investors Forum on at least, an annual basis. The City and the Social Enterprise Consortium are planning a September workshop on social investing, developing corporate partnerships, and Internet fundraising. A business plan is being written for the future development of the Social Enterprise Consortium and an on-line version of the Social Investors Forum
  • The First Seattle Social Investors Forum sponsored by the City, United Way, and the Social Venture Partners, was held on May 13, 2000. Five social service practitioners selected and vetted by the Seattle Social Enterprise Consortium gave business plan presentations and met with a self-selected group of 35 potential investors. $70,000 has already been received from investors.

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