Four Columbia-Founded Businesses Are Changing The Way NYC Does Business

Rampant unemployment. Prisoner recidivism. Endemic poverty. Solving these problems was once the exclusive province of nonprofits, charitable foundations and government. No longer.

In the past 25 years, a new class of business has sprung up, one that applies private-sector practices to the creation of products and services that address problems of hunger, poverty, illiteracy and climate change—to name a few of society’s pain points. Marked by an agility and growth potential rare among grant-dependent nonprofits, these social enterprises operate on a double bottom line: They try to make a profit while making the world a better place.

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