We are in the process of assisting Greyston explore philanthropic and financing options for a second social enterprise in Yonkers NY. In a previous project, we helped them assess their venture asssets and core competencies, which lead to feasibilty studies on two ventures and ultimately a business plan for the one they plan to launch.

[The following is from the Greyston Foundation website.]

Greyston Foundation has become a national model for comprehensive community development. Recognized as a pioneer in “social enterprise,” Greyston uses entrepreneurship to solve the problems of the inner city and reduce reliance on external funding sources.

Greyston Bakery, a for-profit business, has a double bottom line. “We don’t hire people to make brownies, we make brownies in order to hire people.” Those we hire at the bakery are considered to be “hard to employ.” The bakery is just one of the Foundation’s enterprises. Today, Greyston programs reach 2,200 community members annually.

Greyston Foundation’s mission is to support low-income individuals and families as they forge a path to self-sufficiency and community transformation. Greyston is an entrepreneurial and spiritually grounded organization that operates an integrated network of not-for-profit and for-profit companies in Westchester County providing jobs, workforce development, housing, youth services, community gardens, and health care.