Is Save On Meats the First of Many for the Downtown Eastside?

In the first class lecture centred on social enterprise, one of the examples used was Save On Meats and the positive social benefit its delivered to Vancouver’s Downtown Eastside region. A recent article in the Globe and Mail highlighted the company and owner Mark Brand, but also alluded to a growing interest among entrepreneurs who are seeing great potential in the area. Still faced with a stigma based around rampant drug use and homelessness, the area has nonetheless seen a growing trend of restaurants and retailers setting up shop as the number of vacant storefronts has declined massively. While not all of these business-owners may be acting out any sort of altruistic purpose (rental and lease rates are as much as 20% lower in the region), if even some are able to implement both a strong business model with an element of social enterprise it would set in motion a complete revitalization of a once beaten-down part of Vancouver. Instead of people avoiding the area for its poor reputation, a rejuvenated Downtown Eastside could draw an influx of shoppers and tourists. Given the effect that a single diner like Save On Meats has had on the community, it is not at all unrealistic that a wave of social entrepreneurs could magnify these benefits to the point of a new, thriving Eastside region rising from the ashes of the old.

 

Source Material: http://www.theglobeandmail.com/news/british-columbia/vancouvers-downtown-eastside-is-open-for-business/article5265614/

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