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/