OFA Webinar: Social Enterprise Organizations: Supporting TANF Eligible Populations with the Strength of the For-Profit World

The Office of Family Assistance hosted a webinar on Wednesday, July 31, 2019 showcasing several Social Enterprise Organizations (SEOs) and their unique strengths, challenges, and contexts. SEOs are hybrid organizations that aim to balance business and social missions. They use a profit-maximizing approach to solve society’s challenges and help improve individual and community well-being. SEOs target hard-to-serve populations to help remove barriers to self-sufficiency by offering opportunities such as employment, housing, or mental and physical health services. Various strategies, such as workforce training, job placement, microfinancing, literacy resources, and offering affordable health services, are just some of the approaches used by social enterprises in pursuing their missions. SEOs are unique because they use capital investment to create a social benefit and revenue, which allows the organizations to be self-sufficient. Social enterprises are a promising solution to helping resolve social problems in the future.