Philly wins $1 million for social entrepreneurship idea

Philadelphia is one of five cities that has won a million dollars from the Bloomberg Philanthropies Mayors challenge. Partnering with the Wharton School and GoodCompany Group, the million has been given to create the Philadelphia Social Entrepreneurship Partnership which attempts to reduce bureaucratic hurdles and challenging social entrepreneurs will identify a problem and present solutions and to the city.

Mayor Nutter points to RecycleBank as a good example of this,

“The city will be announcing “challenges,” basically a call for ideas, and then decide which ones to pursue, said Philadelphia Commerce Director Alan Greenberger.”

View the winning project submitted by the city here, or read the full article here.