The ar­ti­cle ad­vo­cates the prin­ci­ples of So­cial Econ­omy (SE) as pos­si­bil­ity to de­velop in­no­va­tive so­cial tech­nolo­gies for the so­cial co­he­sion of so­ci­ety in situa­tion of eco­nomic break­down. The con­cept of So­cial Econ­omy can be con­sid­ered as Eu­ro­pean tra­di­tion and chal­l­enge for ap­ply­ing and find­ing sus­tain­able forms of so­cial in­clu­sion on na­tional level. The purpose and the ob­­ject of the study is to in­ves­ti­gate, which spheres and prin­ci­ples of SE are evi­dent in the ac­tivi­ties of com­mu­nity ini­tia­tives in Lat­via thus es­tab­lish­ing the rec­og­ni­tion level of con­cep­tual un­der­stand­ing and prac­tice of So­cial Econ­omy in na­tional con­text among the Third Sec­tor ac­tivi­ties in Lat­via and spe­ci­fi­cally non-profit move­ments. The overview of selected community initiatives showed there are initiatives that could be (1) placed in the sphere of productive economy on the scale of a community (2) by the very marginal people involved in initiatives, (3) administered as small businesses, (4) controlled by the people involved with democratic means of decision-making and (5) supported by social services and social workers, in order to overcome social exclusion.