Impact Makers, a local healthcare and IT consulting firm, is finalist for a Business Week Social Entrepreneurship Award.
The company is among 25 finalists out of more than 200 nominees. Business Week will announce five winners on May 2, which will be chosen by an online vote.
So what makes Impact Makers a social entrepreneur?
100% of their profits are donated to free clinic systems in Virginia. Their primary non-profit partner is RXpartnership.org which donates medicine to healthcare clinics that serve uninsured patients. In 2008, ImpactMakers made $300,000 in revenue of which they donated $9,000. This year they plan to double their revenue and donate close to $40,000.
With 30,000 firms earning $40 billion in annual revenue, social enterprises are gaining momentum, according to Business Week. They are companies that use business practices to solve societal problems, in many cases donating profits to community organizations.
You can read Business Week’s profile on Impact Makers here, and click here to vote.