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: Building a Community Block by Block in New York City
I'd like to jointly create this type of social venture in my home town:
You can create a Social Venture in your home town based on the business model in this page. The Social Entrepreneur Institute will assist you to make a business plan, funding the project and provide a More information on the Social Entrepreneurship Institute
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About Your Project: Reference Project:
Company/Organization: Building a Community Block by Block in New York City
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Please write about your business concept in five paragraphs with sub-title for each
Answer: Briefly describe the usefulness and uniqueness of your social venture No factor is more crucial to a communityfs strength than the condition of its housing, and no city exemplifies this dynamic more clearly than New York.
1: Neighborhood Entrepreneurs Program built community capacity
1: Issues to be addressed by this social venture (or case) In the early 1990s, after three decades of widespread real estate divestment and abandonment, the city owned the title to tens of thousands of dilapidated housing units in some of Americafs toughest, most crime-ridden neighborhoods. Over the past seven years, the Neighborhood Entrepreneurs Program (NEP), a public-private venture of the New York City Partnership, has achieved remarkable success in building community capacity by rehabilitating more than 3,500 dilapidated homes in neighborhoods once given up for dead, including Harlemfs 140th Street, Brooklynfs Bedford-Stuyvesant, and the Bronxfs Hunts Point.
2: Local Entrepreneurs to renovate the abondoned houses
2: What is the unique idea to solve the issues? To bring about profound, neighborhood-wide change, NEP targets clusters of city-owned buildings and then offers market incentives to help small, local entrepreneurs acquire, refurbish, and manage them. By providing affordable housing and entrepreneurship opportunities, the program has enhanced community capacity in direct ways.
3: It helped job creation and community building
3: Revenue Model & Organization It has also done so indirectly, by catalyzing retail development, job creation, capital formation, and community organizing. Helping to meet the fundamental need for safe, affordable housing has provided the foundation upon which more ambitious efforts, including those that involve clever applications of technology, can be built.
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5: Strengths and Risks of the business model
The Project Owner: Explain your experience and skills within 150 words.
Business_Partners: Describe what types of business partners are you seeking
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Business Partners can jointly develop a business plan
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