Emerge Enterprises

Workforce Development with Nielsen Metal Manufacturing

Emerge Enterprises operates three sustainable social enterprises that empower people facing employment barriers to re-enter the workforce and achieve lifelong success. The first is Second Chance Recycling, a mattress recycling enterprise that employs up to 100 participants and recycles 60,000 mattresses per year.  The second is Furnish Office and Home, which sells used and new furnishings at a discount and employs 5 participants per year.  Finally, Emerge recently acquired Nielsen Metal Manufacturing, which it plans to turn into a third social enterprise offering workforce development services in metal working.

The purpose of Venn’s PRI is to help Emerge transition the newly acquired Nielsen Metal Manufacturing from a $400,000 metalworking business into a sustainable $2 million social enterprise workforce development program offering training,  internships, apprenticeships, and professional certifications to dozens of Emerge participants annually. 

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Recipient Name:  Emerge Enterprises, Inc.
Corporate Form:  Nonprofit 501(c)3
Investment Sought:  $125,000 - $400,000
Amount Raise to Date: $125,000

Overview of Investment Terms:

  • Unsecured, subordinate loan

  • Annual simple interest of 2.5%

  • Years 1-2:  Annual interest-only payments

  • Years 3-4: Annual payments of accrued interest and principal