Refoundry is an innovative new not-for-profit that trains formerly incarcerated people to repurpose discarded materials into home furnishings and incubates participants into their own businesses.
The organization's model includes revenue generation to cover 50% of its operating costs.
Refoundry's model is specifically designed to improve the efficiencies and outcomes for re-entry and reintegration of formerly incarcerated people, have positive environmental impact, and save significant government resources.
Refoundry's incubation program is based on a model developed by co-founder Cisco Pinedo in his South Central Los Angeles based furniture business, coupled with an intensive career development curriculum along with wrap-around social service support.
THREE PILLARS OF REFOUNDRY
Collaboration: Refoundry accesses the services, expertise, and knowledge base of existing resources, building sustainable partnerships of mutual benefit with non-profits, governmental agencies and private businesses.
Self-Reliance: Although a dedicated non-profit, Refoundry is run like a for-profit enterprise, modeling revenue production, operational efficiency and self-reliance to its participants. For example, during their long-term training, program participants craft product that the organization sells to help cover costs: When the program is fully scaled revenues are projected to cover 50% of the operating budget, including participant salaries.
Entrepreneurship: Refoundry’s model is designed to help move people who have long drawn from the tax base to become business owners who provide jobs, build wealth, and drive real economic development in their mostly poor and underserved home communities.
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