Greece’s economic depression has pushed families to the brink. As of the fall of 2013, one in five households and nearly 600,000 children were living below the poverty line. Nearly half of all Greeks lack health insurance. These staggering numbers cannot communicate the impact on individuals and families. In the face of unrelenting austerity and government budget cuts, it is nonprofits on the ground that are repeatedly called on to do more with less.
THI, together with its relief partners, is answering the call by providing a critical safety net to families hardest hit by the crisis. These partner organizations are carefully selected based on proven track record, efficiency and transparency. Initial partners include:
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Entrepreneurs are critical to economic recovery and renewal — they are creating opportunity today and providing role models to change the hopes and aspirations of a new generation. By reigniting the Greek entrepreneurial spirit we can unleash a wave of innovation and creation, slowing the “brain drain” of young professionals by giving them a reason to stay in Greece and transform ideas into successful businesses.
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Greece can grow its way out of this crisis, but growth requires vision, capability and capital. Amidst the troubling headlines and statistics, there are viable businesses that can grow with our collective investment, creating jobs and delivering solid returns for investors. And there are visionary leaders eager to build companies and indeed an economy on stronger, more sustainable foundations. THI is investing in the future by supporting two initiatives that promote near-term job growth while laying the foundations for long-term strategic development:
The Hellenic Investment Fund is an impact investment fund targeting a “double bottom line” of investment returns and job growth. The fund will provide growth equity to small and midsized companies that are the backbone of the Greek economy and whose success is critical to fueling its recovery. Many THI board members are anchor investors, but it is a standalone, for-profit fund and THI will have no management or investment authority.
ReGeneration is the newest program in the THI Economic Development constellation. It is a 6-month practical training program (internship) offering multi-faceted work experience, meaningful training from certified trainers, and multiple opportunities for self-improvement and personal development.
The Australian Internship Program will work in partnership with the ground breaking ReGeneration program in Greece to find candidates for these unique opportunities.
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