As Boomers retire, non-profits are saving local businesses for non-profit purposes. Is this something your organization could do?
Social acquisitions turn for-profits into non-profits, which presents both an opportunity and a challenge for the social economy sector.
Why It Matters
The Government of Canadaโs Social Innovation and Social Finance Strategy acknowledges a need for more social innovation focused on Canadaโs more persistent and complex challenges. It also seeks to grow Canadaโs social finance sector to catalyze community-led solutions to such challenges. Considering the context of significant entrepreneurial transfer, social acquisitions emerge as both a solution to the small business continuity problem and a way to leverage the growing social economy.
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