Category: Business

Paul Polak Shares Tips For Finding ‘The Business Solution To Poverty’

Paul Polak was a social entrepreneur before it became sexy to be one. Polak first joined the global community of “do-gooders” in 1981 as founder of iDE, a social enterprise that pioneered foot-powered pumps for poor farmers in Southeast Asia. The rudimentary irrigation technology has reportedly reached 19 million farmers in the world thanks to iDE’s efforts. Polak went on to create D-Rev, the Bay Area-based design company that concocts new designs (on a budget) for the “other” 90%, he says.

Polak is 79-years-old but still zipping the globe to deliver electricity, water, and other basic needs to the world’s so-called “bottom billion.” His latest book, The Business Solution to Poverty, co-authored with non-profit guru Mal Warwick, looks at the nitty gritty of the social innovation space.

via Paul Polak Shares Tips For Finding ‘The Business Solution To Poverty’ – Forbes.

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Amazon to build facility, institute sales tax in Connecticut

Amazon Plans to Invest $50 million in State; Revenue Collection to Begin in November

 (HARTFORD, CT) – Gov. Dannel P. Malloy and Amazon today announced that over the next two years, Amazon will invest $50 million in Connecticut and create hundreds of new full-time jobs.  The Governor made the announcement at the same time that he announced an agreement under which Amazon will begin collecting sales tax revenue in the state.

amazon“All in all, this is a win for our state’s taxpayers, our main street retailers, and our workforce,” Malloy said.  “Amazon’s multi-million dollar investment and the hundreds of jobs that will come with both the construction and operation of their future facility will unquestionably boost our local economy.  Their agreement to begin collecting revenue is a great step, but federal action on this issue is still necessary.”

“These are two more significant steps that our administration is making to create jobs and maximize our revenues whenever possible,” Lt. Gov. Nancy Wyman said.  “This will both put people to work and help balance the budget, and we welcome Amazon as our newest partner in our effort to create long-term prosperity for Connecticut.”

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Panelists champion careers in social good

For all Yale students considering investment banking, Doug Hausladen ’04 has a message for you: Do not go to the dark side.

The undergraduate organization Net Impact hosted an event to launch its organization on Tuesday that aimed to inspire Yale students to explore the field of social enterprise — or socially-conscious entrepreneurship. The panel included Hausladen, Ward 7 Alderman and the co-founder of ActualFood; Barry Nalebuff, co-founder of Honest Tea and professor at the Yale School of Management; Maxim Thorne LAW ‘92, former vice president of the National Association for the Advancement of Colored People; Cary Krosinsky, senior vice president of TruCost; and Kate Cooney, an SOM professor. At the talk, the speakers explored their definitions of social enterprise and suggested an alternative to traditional careers in business or non-profits.

For more on this story, visit: Panelists champion careers in social good | Yale Daily News.

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Building a Culture of Philanthropy; A Six-Part Series: #6 — Practical Ideas to Start Implementing Today | Passionate Giving

I hope that through this series you have begun to understand how important it is to develop a healthy, vibrant culture of philanthropy in your organization. Actually, it’s beyond important. Richard and I believe that it will be crucial if your organization is to be around in the next 10 years.

Yes, it’s that serious.

Folks, our industry has been talking about how we have to be donor-centered and donor-focused for a long time now. We can’t just give lip service to this any longer. It’s not just about thanking donors properly or sending out “donor-focused” newsletters (although both are important.) It’s about acting on a belief that our donors are part of our mission.

If we could do that, we would see a radical change in the non-profit world…a change that would not only affect how non-profits work, but a change in how donors respond to the world’s needs.

I want to leave you with a number of ideas, in addition to what I’ve laid out in my previous posts on this series, about how you can begin to build this new culture within your organization.

For more on this story, visit: Building a Culture of Philanthropy; A Six-Part Series: #6—Practical Ideas to Start Implementing Today. | Passionate Giving.

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