Reaching out to migrant entrepreneurs in Munich
Since 2010, the City of Munich has handed out the Phoenix Prize at an annual gala, awarding €1,000 to each of three winners who exemplify 'outstanding economic achievements and social responsibility efforts of migrant enterprises'. These exemplary individuals may be successful entrepreneurs, they may have hired or created opportunities for young trainees or apprentices from migrant backgrounds, supported diversity within their workforce, or invested within the city.
The Phoenix Prize is one of four components of the Migrant Entrepreneurs in Munich (MEM) programme, run by the City's Department of Labour and Economic Development. It forms part of the Munich Employment and Qualification Program (MBQ), through which the City of Munich pursues its primary labour market strategy. Currently sponsoring more than 110 projects and activities, the programme seeks to improve the employment prospects of disadvantaged persons in Munich's labour market. Migrant entrepreneurs are one of the key target groups.
This practice was kindly contributed by Hire Immigrants, a program of the Global Diversity Exchange, Ryerson University (Toronto, Canada). See more at: http://citiesofmigration.ca/good_idea/reaching-out-to-migrant-entrepreneurs-in-munich/.