SEA Mid-Atlantic Regional Summit
Forbes Article About Kickstarting Social Enterprise on Long Island
In an interview with SEA-LI Board Member, Chuck Schwartz, Forbes discusses starting a social enterprise on Long Island.
How do you kickstart social enterprise in your neck of the woods? What’s happening on Long Island offers an instructive answer.
Recently, a few locals from for profits and nonprofits surveyed the social enterprise world and came to the conclusion that the area was sorely lacking in oomph, especially when compared to the activity in nearby New York City. While there was a lot of startup interest centered around the State University of New York at Stony Brook and Brookhaven National Laboratory, it didn’t include social enterprise.
Click here to read the rest of the article on the Forbes website.
LIBN Article about SEA-LI
NY B Corps look past profit on the bottom line
New York has joined a growing number of states allowing companies to file as benefit corporations, pledging in their incorporation papers to serve the triple bottom line of people, planet and profits.
And firms slowly are forming or shifting to this status, which they hope will let them stand out from competitors and give them greater freedom in making decisions.
The benefit corporation status is meant to give firms legal protection from shareholders who might claim executives operating under motives other than profit are shirking their fiduciary responsibility.
Click here to read the rest of this article on the Long Island Business News Website.