Benefit Corporations: When "Normal" Taxation Revenue Is Not Enough For "Equal Outcomes".
In 2010, Maryland was the first US state to enact a bill that gives class status and legal protection to a new type of corporation called the benefit corporation. Vermont and New Jersey quickly followed. Soon, bills were filed in a number of other states. State legislators passed the bills no questions asked. Benefit! That sounds good doesn’t it? What could be wrong with helping corporations to do good things for society? Things are seldom as they seem.
The Block Grant Mindset In Whatcom County
A seemingly endless stream of private NGO's (non-government organizations) have set-up shop in Bellingham and Whatcom County since 2000. There's no question that many are making a pretty good living as non-profits while creating and promoting public projects that match and advance the groups' ideologies and goals.
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Sept 2008 Flashback: Three Bellingham B Corp Rated Businesses
Moka Joe’s Trudy Scherting poses
with a bag of Café Feminino, which is coffee sourced from a network that
supports thousands of women farmers in seven countries across the
globe.
Trudy Scherting, owner of Moka Joe Coffee, is the kind
of business owner who doesn’t care too much about the bottom line — and
it has gotten her into plenty of trouble. But it’s also what has made
her one of the most respected members of Bellingham’s sustainable
business community.
Read more here.
The Benefit Corporation Declaration Of Inter-Dependence - Pay Attention To The Redefined Words
State Legislatures Flirt With Benefit "B" Corporations: Cronyism And Shareholder Takings Get Legs.
Benefit corporation legislation helps return business to its proper role in society to create shared and durable prosperity.
As benefit corporations, business leaders and investors have a new freedom to make decisions that are in the best interests of society as well as their bottom line, and we – as citizens, customers, workers, and investors -- have the tools to identify and support them.
As benefit corporations, business leaders and investors have a new freedom to make decisions that are in the best interests of society as well as their bottom line, and we – as citizens, customers, workers, and investors -- have the tools to identify and support them.
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