Firm helps announce 2014 Entrepreneurship Challenge winners

Jaffe, Raitt, Heuer, & Weiss, in partnership with the Michigan Corps, the Michigan Economic Development Corporation, and other local businesses and philanthropic partners, announced the winners of the 2014 Michigan Social Entrepreneurship Challenge during a Social Entrepreneurship Showcase held at the Max M. Fisher Music Center in Detroit on Friday, June 20. As part of Jaffe's partnership, Jaffe CEO Bill Sider presented Owen & Abby, a producer of handcrafted furniture and home furnishings, The Jaffe Right Start Prize. This award features a complete legal review of the company by Jaffe's attorneys, in addition to a provision of legal services tailored to the winner's specific business needs valued at $5,000. Awarded the Jaffe Right Start Prize for its innovative business model, Owen & Abby create their products by using reclaimed materials from abandoned homes to provide employment for homeless or at-risk women seeking stabilization and self-sufficiency. "We are eager to begin working with Owen & Abby," said Jaffe CEO Bill Sider. "This competition is a great catalyst to advance our communities with innovative companies, and we are honored to be a partner in supporting this effort." Jaffe's Not-for-Profit practice group counsels a wide variety of nonprofit and charitable organizations throughout the nation, including family foundations, cultural institutions, and other educational, religious and social impact organizations. Uniquely positioned to address the multidimensional needs of tax exempt organizations, the practice group counsels their clients in Federal tax exemption qualification and compliance, corporate formation, governance, joint ventures, fund investment management issues, program related investments, employment and compensation issues, and charitable solicitation registration. Published: Fri, Jul 11, 2014