Social enterprise development in the Hub City received a boost Tuesday with the announcement of an investment fund and community accelerator.

Social enterprises are businesses created to further a social purpose, or solve a social problem, in a financially sustainable way. Social enterprises have been gaining ground across North America in recent years, including in New Brunswick.

The initiative consists of a two-prong approach to further the growth of social enterprises in Greater Moncton – the Community Accelerator and the Hub Fund.

“This truly is a community project,” said Dale Ritchie, president of McKenzie College, and instigator of the initiative, in a release.

Read the full story at huddle.today.