Social Ventures Unite
PPL is pleased to announce the merger of its subsidiary business, Project for Pride in Living Enterprises, with Rebuild Resources. Effective June 1, 2012, Enterprises and the St. Paul-based nonprofit Rebuild Resources have come together as one to amplify on-the-job training opportunities for disadvantaged jobseekers, as well as leverage resources to fortify business lines. We believe this merger will usher in a new era for social venture entrepreneurism in the region.
There are many exciting months ahead for this subsidiary of PPL. The vision begins with a branding process that will give it a new name, look, and stature in the community. The new company will be an umbrella for the current business lines of Enterprises—PPL Industries and Furnish Office & Home—and those of Rebuild Resources, known for its custom apparel and promotions work, along with light manufacturing, among other activities. As a distinct organization from parent company PPL, Enterprises engages in business-to-business and consumer retailing, custom apparel, recyclable material handling and processing, along with contract manufacturing and light assembly. However, at the heart of this work is a commitment to training those hardest to employ, people with criminal histories, and/or mental and chemical health challenges who are eager to make positive changes in their lives. We anticipate that Enterprises will help 200 individuals annually gain the skills and work experience they need to secure and sustain stable employment.
After serving for five years on the Rebuild Resources Board and then as Interim President, Janet Ludden has been appointed President of Enterprises. She has the support of a board of directors that brings with it manufacturing, business development, and financial management expertise. As its parent company, PPL is represented on Enterprises’ board by our chief financial officer and a current PPL board member.