ReStore named top social impact business in Colorado Springs

Original story at http://gazette.com/restore-named-top-social-impact-business-in-colorado-springs/article/1622005

By: Wayne Heilman
March 2, 2018

ReStore, located at 411 S. Wahsatch Ave., sells donated scrap or unneeded construction materials to consumers to keep items out of local landfills and generate support for Habitat. (Google Maps)

Pikes Peak Habitat for Humanity’s ReStore outlet was honored Friday as the top social impact business in Colorado Springs by the Colorado Institute for Social Impact.

The outlet at 411 S. Wahsatch Ave. sells donated scrap or unneeded construction materials to consumers to keep items out of local landfills and generate support for Habitat. The organization helps low- to mid-income families afford homes by using volunteer – and their own – labor to build the houses. To qualify for the award, the social impact business must generate at least 60 percent of its revenue from selling goods and services and use some, or all, of the profits to support a social or charitable purpose. ReStore was a finalist for the award last year.

The award was one of three presented Friday by the institute during a program at the Briarhurst Manor in Manitou Springs. Judges for the awards included Jonathan Liebert of the institute and Better Business Bureau of Southern Colorado, Thayer Tutt of El Pomar Foundation, Ted Mossman of Colorado Business Bank, George Reed of the University of Colorado at Colorado Springs, Lisanne McNew of McNew & Associates, Aikta Marcoulier of the Pikes Peak Small Business Development Center and Jacob Eichengreen of the Quad Innovation Partnership.

The Pedal Station, which opened in 2016, was named Social Impact Startup of the Year after being a finalist for the same award last year. The startup sells used bicycles and new and used bicycle parts to support Kids on Bikes, a nonprofit that makes free bicycles available for low-income children.

Lindsey Litton, co-founder of the MilHousing Network, which helps military families find real estate agents for buying and selling their homes when they are sent to a new installation, was named Social Entrepreneur of the Year.

The awards were sponsored by Vectra Bank and 13 other local businesses and nonprofits.