The Ewing Marion Kauffman Foundation in Kansas City, Missouri, and the San Francisco-based Arthur & Carlyse Ciocca Charitable Foundation have announced a partnership designed to help more entrepreneurs start the high-growth firms needed to boost the U.S. and global economies.
The Ciocca Foundation awarded $600,000 to help Kauffman double the number of participants in the Kauffman Labs for Enterprise Creation initiative, an effort to recruit and train aspiring entrepreneurs who have the potential to launch transformative, billion-dollar companies.
"Partnering with Kauffman gives our foundation a vehicle to expand investments into a wider range of entrepreneurial activities, with a much higher probability of success and without adding expensive and inefficient infrastructure," said Ciocca Foundation director Zack Georgeson. "During this extraordinary time in philanthropy, many wealthy individuals are pledging to donate a majority of their wealth to causes dedicated to solving society's current problems. It is my hope that the Kauffman Foundation will be seen as a highly effective vehicle for 'preventing' future societal problems by helping to restore growth and employment in our economy through innovation and entrepreneurship."
“Kauffman Foundation and Arthur & Carlyse Ciocca Foundation Partner to Stimulate Economic Growth.” Ewing Marion Kauffman Foundation Press Release 1/19/11.
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