The Community Foundation of Western North Carolina's Asheville Merchants Fund handed $335,000 to seven Buncombe County nonprofit groups.
The grants aim to support innovative projects that inspire economic development and encourage stronger community participation. According to the foundation's press release, the Asheville Merchants Fund hopes to foster a stronger economy through community development and entrepreneurship.
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Midsize businesses are tapping into the social business market because large companies do not need the help of start-ups to create a “social technology stack.” But a social business stack cannot generate revenue by itself.