"Social Impact " is defined as the generated collective and social benefit that the Social Entrepreneurship carries, at an economic, environmental and social level,at local communities. The social economy sector offers a different approach to local development by incorporating a new vision comparing to traditional approaches, by expanding the structure of local economies and developing local development processes.
The social economy is becoming a privileged institution for productive reconstruction especially in today's difficult conditions, as it can mobilize economic and social resources with high efficiency in terms of job creation and productive web development.
The impact can be direct, with the start-up and further development of new businesses, but also indirectly through employment growth as this sector ultimately employs people who would otherwise be at risk of being excluded from the labor market.
The social and solidarity economy plays a key role in the EU Member States and contributes to the achievement of various key EU objectives such as creating and preserving job positions, social cohesion, social innovation, rural and regional development and environmental protection. It offers flexible and innovative working conditions and can be more adapted to economic and social conditions. The impact of social enterprises is even greater as they are characterized by democratic governance, strong involvement of their members or partners in the management of the company and high transparency of their activities that respond to the growing demand of citizens for ethical, social and environmentally friendly business behavior.