PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: New Foundry Ventures

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Rubicon National Wins Social Impact Business Plan Competition with Alternative to Payday Lending - Rubicon National Social Innovations wins first place in Social Impact Exchange business plan competition for its newest social enterprise, Emerge. The company's alternative to payday lending will save Americans $300M+ in the first five years
Rubicon National Wins Social Impact Business Plan Competition with Alternative to Payday Lending

 

NewswireToday - /newswire/ - San Francisco, CA, United States, 2010/06/23 - Rubicon National Social Innovations wins first place in Social Impact Exchange business plan competition for its newest social enterprise, Emerge. The company's alternative to payday lending will save Americans $300M+ in the first five years.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Non-Profit Organization/Relief Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

New venture, Emerge Workplace Solutions, positioned to save struggling U.S. workers $300 million with innovative employee benefit program.

Rubicon National Social Innovations took home first place June 18 at the Social Impact Exchange Business Plan Competition for its business, Emerge, which aims to alleviate workplace financial stress by providing a scalable alternative to predatory payday lending and similar 400% interest loan products. Emerge was selected from nearly 200 businesses for its ability to scale an innovation that improves the lives of people in need.

Rubicon National received $25,000 in financial support and $50,000 in consulting services from Public/Private Ventures during the inaugural conference to help grow Emerge, a certified B Corporation. The winnings will go toward the $500,000 in seed stage capital Emerge is raising to launch the business, which helps low-income workers save money, build credit and access fairly-priced, mainstream financial services.

“Rubicon National was created to be the laboratory for scaling social enterprise in the United States,” said CEO and Founder Rick Aubry. As one of the pioneers of the social enterprise movement in the U.S., Rick Aubry started and ran social enterprises, including Rubicon Bakery and Rubicon Landscaping, for more than 23 years as president of San Francisco Bay Area nonprofit, Rubicon Programs. “We learned in our first generation of social enterprises that to dramatically increase the impact of social enterprise we needed to re-imagine the scale of the businesses,” says Aubry. “Rubicon National takes the charge of finding, nurturing and scaling businesses that could have a positive and deep impact on big problems affecting low-income people in the U.S.”

Today, 106 million Americans have no access to fairly-priced credit and no alternative for short-term payday advances than to resort to predatory lenders at rates of 400%+ APR . To address this problem, Emerge provides employers with a critical new benefits package for workers—workplace loans and financial education—that effectively replaces payday lending using an online platform. It brings together employers, payroll service providers, responsible lenders, and hard-working employees who do not have access to credit with an innovative risk model and repayment method. The solution pieces together lower interest rates with longer loan terms, financial education, and the opportunity to build credit.

About Rubicon National Social Innovations

Rubicon National Social Innovations (rubiconnational.org) is a laboratory for scaling social enterprise. The organization’s mission is to create and support social enterprises that improve the economic well being of low-income people and communities across the U.S. RNSI believes for social enterprise to have a significant impact on poverty and jobs in America; it must be re-imagined on a much greater scale. Its strategy is to work with businesses, local government, foundations, and nonprofit partners to develop nationally-scaled, social purpose businesses that rely on market forces to achieve financial sustainability while maximizing social returns for working poor and disenfranchised communities.

The roots of the organization’s work started more than 20 years ago at the founding organization, Rubicon Programs. In 2007, Rick Aubry, president of Rubicon Programs for over 23 years, incubated RNSI as a project inside of Rubicon Programs to test ways to increase the presence, impact, and positive benefits of social enterprise in the U.S. Since July 2009, Rick Aubry has led RNSI as a separately-governed nonprofit. To date, RNSI has incubated and launched a financial services business, and piloted and begun scaling a bulk items social enterprise. The organization is about to pilot and scale an energy efficiency weatherization social enterprise, and has begun work on a food access social enterprise.

About Certified B Corporations

Certified B Corporations 1) meet rigorous standards of social and environmental performance; 2) legally expand their corporate responsibilities to include consideration of stakeholder interests; and 3) build collective voice through the power of the unifying B Corporation brand. As of February 2010, there are over 280 certified B Corporations from over 50 industries, representing a diverse multi-billion marketplace.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Non-Profit Organization/Relief Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: New Foundry Ventures

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Non-Profit Organization/Relief articles,
CATCH Visitors via Your Competitors Announcements!


Rubicon National Wins Social Impact Business Plan Competition with Alternative to Payday Lending

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Jonathan Harrison - EmergeLoan.com 
415-370-3332 jonathan[.]emergeloan.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any New Foundry Ventures securities in any jurisdiction including any other companies listed or named in this release.

Non-Profit Organization/Relief via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From New Foundry Ventures / Company Profile


Read Non-Profit Organization/Relief Most Recent Related Newswires:

The Butterfly Foundation Launches Fundraiser to Develop An App Named 'Home for the Holidays'
The St. Jude Benefit Gala to be Held on January 21 At The Congregation Har Shalom Potomac Maryland
EAC Network In-Home Caregiver Services to Expand to Long Beach Area
Casa Esperanza of Angels Foundation Acquires Land in Tanjay City
Winning the Battles in Your Mind Hosts 5k Walk/Run to Benefit Children with Sickle Cell Anemia
DC Healthy Communities Collaborative to Release 2016 Community Health Needs Assessment
Mary’s Center Named One of The Washington Post’s 2016 Top Workplaces in Greater Washington
Real Recognize Real Foundation Partners with United Way of Jamaica and Supreme Ventures Ltd
Anchal Project Receives Prestigious Grant from Dining For Women
Bottomless Closet Welcomes New Executive Director
Annual Plant Sale Fundraiser to Offer Huge Selection of Native Milkweed Plants
4.2.20 Foundation Appoints Dr. Randall Buth and Dr. Charles Madinger as New Program Vice Presidents
The GoodRide Group STEM Alliance Announces Youth Equine Program
Woodland Cemetery Celebrates the 175th Anniversary of its Founding
Non-Profit Player in Manitoba E-Cycling Offers Community Cleanup Support

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  NAKIVO, Inc.

Visit  Triggr & Bloom





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)