BUILDING A SOCIAL ENTERPRISE HUB 139-145 PRINCE EDWARD ST
OVERVIEW - 2014
133 Prince Edward St. Saint John, NB E2L 3S3 T: 506 652 5600 F: 506 652 5603 [email protected] www.loanfund.ca
we invest in ideas
that create income, build assets, and make change
BUILDING A SOCIAL ENTERPRISE HUB Saint John Community Loan Fund
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Executive Summary
Social Enterprise Hub Description The Saint John Community Loan Fund has begun to plan a larger space to
foster creativity and entrepreneurship for poverty reduction. The 15,000
square foot building will be located at 139 Prince Edward St. and encompass
three floors.
The space will include the following: On the ground floor a social enterprise
cafeteria used for back to work training. Down the hall, micro-enterprises
launched through the Loan Fund are clustered and focused on a lean start up.
A maker space has a 3D printer enabling early stage prototyping. On the
second floor training occurs in rooms that can be collapsed and enlarged to
accommodate larger community events and pitch presentations. On the third
floor, enterprising non-profits work on poverty reduction. This is a floor where
synergy is created and innovative ideas hatch for reducing poverty. The building is tied together with
the latest technology enabling seamless communication for high level productivity.
The Loan Fund has invested $100,000 and has another $760,000 secured in commitments. We are
currently preparing our re-zoning package, beginning excavation, and finalizing financing with the
credit union. Our plan is to start the build in October 2014 and have this innovative building up and
running in August 2015!
We invite you to be part of this innovative impact space.
BUILDING A SOCIAL ENTERPRISE HUB Saint John Community Loan Fund
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Meeting the Need for Entrepreneurship This project is a place based development in a priority neighbourhood. Vibrant Communities Saint
John has identified six priority neighbourhoods of which the Waterloo Village is one. It is characterised
by a high poverty rate and a low home ownership rate. Yet it is centrally located, close to major
corporations, a community school and green space. This is the location of 139 Prince Edward St.
This project addresses the goals outlined in Plan SJ: to
intensify mixed use development in the Waterloo Village and
the Prince Edward St. arterial; to attract new investment to
the community, and ensure home-grown industries are
retained and expanded; and to develop a culture of
entrepreneurship.
This project addresses the Provincial Government’s goal of promoting entrepreneurship and
innovation in New Brunswick through creating centres of entrepreneurship. It is about creating new
jobs and wealth and attracting new investment. It links in with the Economic and Social Inclusion
Corporation’s work to develop a robust social enterprise ecosystem.
This project addresses the Federal Government’s goal of building the economies of Atlantic Canada
through investing in projects that enhance a community’s capacity to overcome economic
development challenges.
This project builds desperately needed quality space for enterprising non-profits working to launch
social enterprises. A quick survey of our partners working in poverty reduction indicates a need for
quality space where tenancy is stable.
Target Customer (YOU!) and the Value Proposition There are three primary customers for the space: enterprising non-profits; micro-entrepreneurs; and,
early stage social enterprises. They value this location for the following reasons: cluster effect for
innovation, for purchasing, and for leveraging investment; leading technology; multiple and flexible
meeting spaces; central location; affordable rent; and, enterprise support (via Loan Fund).
BUILDING A SOCIAL ENTERPRISE HUB Saint John Community Loan Fund
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Key partners The project developer is the Saint John Community Loan Fund (Loan Fund), a
non-profit charitable organization established in 1999, whose mission is to
improve social conditions by promoting economic independence and fostering
entrepreneurship. For more than 10 years it has been helping individuals
create income, build assets, and attain greater self-reliance by providing
training, micro-loans, coaching, and good, secure, affordable
apartments. In 2009, it bought and renovated a
partially vacant building for office space and two
affordable apartments. Neighbours were amazed at
the transformation. It was a risk and it paid off; not
only for the Loan Fund, but for the neighbourhood.
For more information please go to
www.loanfund.ca.
The key social enterprise partner in the project and the
source of 30% of projected rent revenue is the Saint John
Learning Exchange. Established 30 years ago, it helps
adults attain their GED. This focus includes training in
transferable work skills and helping individuals
transition to employment. The Learning Exchange is
also experimenting with social enterprise. It runs
Stone Soup Catering and recently launched Voila, a
green cleaning company. The SJ Learning Exchange and the
Loan Fund are in final negotiations with the Federal Government to
launch a 5 year project that will help build social enterprises in Saint John.
The Pond Deshpande Centre for Entrepreneurship and Innovation has emerged as an accelerator of
social enterprise and entrepreneurship in the region. It has committed to renting space in the Social
Enterprise Hub because it wants an ongoing footprint in Saint John; a place for pitch events, for
enterprise launches and incubating emerging entrepreneurs.
Enterprising non-profits engaged in poverty reduction also want to be part of the Hub. They include
Vibrant Communities SJ and Saint John Human Development Council. We are also in early discussions
with other key organizations such as the United Way and WEN.
BUILDING A SOCIAL ENTERPRISE HUB Saint John Community Loan Fund
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1st Floor
Start Here Centre
400 sq ft
The main entry will have a front desk and assistant who
will provide orientation to anyone coming into the Hub.
This position will be an opportunity to transition clients
to work by providing a mentored work opportunity.
Business Incubation Space
800 sq ft
Micro-businesses that have been started through the Loan
Fund will share approximately 800 square feet of space in a
mix of closed and open office space. Micro-businesses have access to a shared fax-copier, meeting
space, a cafeteria down the hall, business support, and each other!
Social Enterprise Café
600 sq ft
Stone Soup Catering is a social enterprise caterer that was started by
the Leanring Exchange. It is a transition to work opportunity for their
clients, while providing a necessary good food option on site. They will be the
tenant and manager of this cafeteria/catering space. A space that can also be
rented for food mentoring programming, and used for community functions.
BUILDING A SOCIAL ENTERPRISE HUB Saint John Community Loan Fund
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2nd Floor
Training Rooms
5 x 500 sq ft
The Saint John Learning Exchange (Learning Exchange)
was established in 1984. It provides GED preparation and
foundational literacy upgrading. The Learning Exchange
knows literacy is a component of earning a living
wage and understands the need to provide
responsive and supportive programming to assist
learners on that journey.
Offices
15 x 80 sq ft
The Saint John Learning Exchange employs ten trainers
and five job developers. Their work is key in moving individuals
through training with over 50% achieving their GED. Those who
cannot achieve their GED are trained in workplace essential
skills and may have an opportunity to work in transitional work
settings to build their skills for reaching their goals for
employment.
BUILDING A SOCIAL ENTERPRISE HUB Saint John Community Loan Fund
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Meeting Rooms - 1st, 2nd and 3rd Floors
Special Event and Pitch Room
Large 800 sq ft
With various organizations in one location, we share
meeting rooms which means we have more variety at
our disposal. This is where we host our own and other
pitch events, as well as larger training sessions that can
accommodate 50-70 people.
Strategy Rooms
2 x 400 sq ft
We will have two of these size rooms which can
accommodate 15 people. This is where the
designated committees and boards work to build
strategy for innovative solutions to grow.
One-on-One Idea Generation
3 x 150 sq ft
Whether working with a client to support their quest or working
with a couple of partners, these rooms are about having a space for
building that initial idea and supporting it. Many important steps
will start right here.
BUILDING A SOCIAL ENTERPRISE HUB Saint John Community Loan Fund
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3rd Floor
Collaborating for Social and Economic Innovation
5000 sq ft
This floor will have three to five non-profit organizations focused
on poverty reduction using a collaborative entrepreneurial model.
Spaces will be a combination of separate offices, open work
stations and meeting spaces. The groups we have on board include
the ED and Social Enterprise Officers of the SJ Learning Exchange,
staff of the Saint John Community Loan Fund, Staff of the SJ
Human Development Council, social entrepreneurs sponsored by
the Pond Deshpande Centre, and Vibrant Communities Staff.
Discussions are ongoing with other groups that fit this model and
want to explore innovative strategies to community impact.
Career counselling offices
This is an office area possibly shared by NBCC, UNBSJ and a wellness counsellor. It will enable both
career and wellness counselling be available for the 100s of clients passing through the building.
BUILDING A SOCIAL ENTERPRISE HUB Saint John Community Loan Fund
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Interested in being part of the Social Enterprise Hub?
Interested in occupying a space that integrates social and economic goals?
That supports micro and social entrepreneurship? That supports
neighbourhood impact, and solutions that reduce poverty and retain our
population for our community, province and region?
Please Contact Us
Seth Asimakos
Co-Founder and General Manager
Saint John Community Loan Fund
652-5600
Christina Fowler
Executive Director
Saint John Learning Exchange
648-0202
Current Loan Fund
location
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