What is ReSOURCE?
Founded in 1991, ReSOURCE operates as a multifaceted nonprofit enterprise headquartered in Vermont. The organization functions at the intersection of circular economy principles and social welfare, providing critical services such as appliance repair, computer sales, and essential goods distribution. Beyond its retail footprint, ReSOURCE serves as a vital workforce development engine, offering specialized training in high-demand sectors including construction, HVAC, and weatherization. By targeting under-skilled populations and long-term unemployed individuals, the company has successfully facilitated career transitions for over 4,500 participants, effectively bridging the gap between community needs and industrial labor requirements.
How much funding has ReSOURCE raised?
ReSOURCE has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in ReSOURCE
PPP
Public-Private Partnership
What's next for ReSOURCE?
With the deployment of this recent capital, ReSOURCE is positioned to scale its educational infrastructure and expand its reach within the Vermont labor market. The strategic focus will likely center on enhancing the capacity of its Career Start initiatives, which provide high school students and job seekers with hands-on technical experience. As the organization navigates its current growth phase, the integration of advanced training technologies and the expansion of its sustainable retail network will be paramount. By leveraging this financial backing, ReSOURCE aims to further institutionalize its impact, ensuring long-term viability for its vocational programs while continuing to divert waste from landfills through its robust reuse and repair operations.
See full ReSOURCE company page
