Southeast San Diego Neighborhood Embraces "Social Enterprise" to Instill Change

KPBS | By KPBS Public Broadcasting

Published May 21, 2008 at 8:38 AM PDT

This story was published more than 16 years ago.

"Social enterprise" is a business concept which combines private and public money to provide an underserved community with jobs, commerce, and opportunity. Some say the Market Creek Plaza in Southeas

Tom Fudge: Social enterprise is an interesting concept. It's a form of investment where profit isn't entirely the goal. In fact, some people call it "philanthro-capitalism." But enough of the new speak. Let's talk about something happening today in San Diego.

The new Joe and Vi Jacobs Center will be opening at Market Street and Euclid Avenue in City Heights. It's part of the existing Market Creek Plaza . The plaza was developed as a shopping center, but also as a way of bringing investment and entrepreneurship to the neighborhood.

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Guest:

Jennifer Vanica, president and CEO of Jacobs Center for Neighborhood Innovation , which developed Market Creek Plaza in Southeast San Diego.
Donna Gambrell, director of U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund , which promotes investment in underserved communities.