Memo to development officers: It’s always good to have a U.S. Senator in your corner. Case in point: $200,000 in funding for two nonprofits in Rhode Island doing workforce development.
Through the Blackstone Foundation’s Innovation Grants Initiative, the Founders League and the Social Enterprise Greenhouse (SEG) were selected to receive funding to support startups located in Rhode Island. Blackstone gave out $3 million in gifts this year to organizations around the country doing work to improve local economies and support business activity. Now in its third year, the Blackstone Innovation Grants program is a big piece of the foundation’s commitment to fostering entrepreneurship in the U.S. and abroad.