What is Second Chance?
Second Chance, Inc. is a Baltimore-based social enterprise dedicated to creating "green collar jobs" for displaced workers. The company achieves this by deconstructing buildings slated for demolition, diverting materials from landfills, and offering these reclaimed items alongside other donated goods at a discount through its expansive 200,000 sq ft retail warehouse. This innovative model not only preserves regional architectural heritage and protects the environment but also provides crucial funding for the company's workforce development programs, offering living-wage employment to individuals facing employment barriers for over 16 years.
How much funding has Second Chance raised?
Second Chance has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in Second Chance
PPP
Public-Private Partnership
What's next for Second Chance?
The company's recent large-scale, late-stage funding indicates a strategic push towards scaling operations and potentially expanding its impact. This capital infusion is likely to be directed towards enhancing its deconstruction capabilities, increasing its retail footprint, and broadening its workforce development initiatives. Future growth may involve strategic partnerships or further investment rounds to solidify its market leadership in sustainable deconstruction and job creation.
See full Second Chance company page
