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SocialVentures and Better Business Bureau of Central Ohio Launch Pilot Program to Validate Impact of Social Enterprises

SocialVentures and Better Business Bureau of Central Ohio, in collaboration with Measurement Resources Company, announce the launch of a pilot program to develop a new service that will review, validate, and communicate the social impact created by social enterprises in Central Ohio.

Social enterprises are businesses that intentionally integrate social impact as a non-negotiable component of their business model through the people they employ or the social missions they support. Donors, investors, and civic leaders are increasingly seeking a simple, unified evaluation and reporting platform to assess the impact of social enterprises and nonprofits. And, consumers want to trust that any social enterprise they support lives up to its claims.

The pilot program will utilize SocialVentures’ Marketplace as a platform to connect social enterprises with consumers, advisors, and investors and will leverage BBB’s established position and expertise in managing a large-scale business review and certification programs. The foundation of the program will use Measurement Resources Company’s previously tested and implemented Social Impact Measurement Framework to evaluate organizations.

Leading Central Ohio nonprofit and social enterprise professionals will serve as members of the Pilot Product Development Group, to help develop and market test the validation service, which social enterprises will then be able to use to demonstrate to donors, investors, and consumers that their reported social impact is legitimate. This designation would be available for participants’ marketing, fundraising, and consumer outreach initiatives.

Pilot Product Development Group members include:

• Sarah Duplessis, Program Director, Food for Good Thought
• Kenny Sipes, Founder, The Roosevelt Coffeehouse
• John Rush, Owner/ CEO of CleanTurn Enterprises (which includes CleanTurn Demolition Services, She Has A Name Cleaning Services and Third Way Cafe)
• Steve Votaw, President, Furniture Bank (with social enterprises Furniture With A Heart and Downsize With A Heart)
• Phil Washburn, Program Director, Habitat for Humanity-MidOhio’s ReStore
• Ed Miner, Executive Director, Bikes for All People
• Ramona Swayne, Managing Director, Alvis 180 (with social enterprises Nature’s Touch Landscaping and Transitions Commercial Cleaning)
• Marvin Green, Co-Founder, CAREcutz
• Paula Haines, Executive Director, Freedom a la Cart
• Diana Spain, Owner, Kicks Mix Bookstore
• David Uhl, Director of Business Development, Art & Clay on Main; Square Seven Coffee

The pilot will take place between January 2018 and June 2019, with the goal to publicly launch the service to social enterprises and nonprofits in Central Ohio by the end of 2019.

About SocialVentures
Founded in 2014, SocialVentures advances remarkably good businesses—businesses that intentionally integrate social impact as a non-negotiable component of their business model. SocialVentures supports these nonprofit and for-profit businesses so that entrepreneurs, consumers and beneficiaries of their mission-driven endeavors are all better positioned to prosper.

About BBB
For more than 100 years, Better Business Bureau has been helping people find businesses, brands and charities they can trust. In 2016, people turned to BBB more than 167 million times for BBB Business Profiles on more than 5.2 million businesses and Charity Reports on 11,000 charities, all available for free at bbb.org. There are local, independent BBBs across the United States, Canada and Mexico, including BBB Serving Central Ohio, which was founded in 1921 and serves 21 counties in Central Ohio.

BBB Media Contact:
Kip Morse
kmorse@centralohio.bbb.org
614-754-4560

SocialVentures Media Contact:
Sara Parker
sara@socialventurescbus.com
614-404-2463