In the News
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Thursday, March 15, 2018
Photo via CookCountyRecord.com
CHICAGO — A new Cook County ordinance will give preference on bidding to vendors who the county believes are set up to serve the public benefit.
“To qualify, a venture must be an Illinois benefit corporation—a business corporation which by law and charter seeks to create a general public benefit,”...
Friday, February 23, 2018
Chicago skyline (Photo By Raymond Boyd/Getty Images)
Cook County, where Chicago is situated, just handed social enterprises an official leg up. The second largest county in the U.S. recently enacted an ordinance giving impact ventures a preference in government procurement of goods and services. The rule, which took effect in October, was just published....
Thursday, September 28, 2017
Dan Swinney, CEO of Manufacturing Renaissance, one of four nonprofits leading the Chicago Ownership Conversion Project.
As many as 2,000 small local manufacturing firms could be up for sale in the next decade. Four local nonprofits want minority and female entrepreneurs to buy them.
The Chicago Ownership Conversion Project aims to correct a...
Friday, February 17, 2017
Illinois is becoming a hub for companies that want to change the world and make a profit at the same time, said Marc J. Lane, an attorney and economic development expert at an event hosted Feb. 8 by the Great Cities Institute at University of Illinois-Chicago.
Imagine a “Shark Tank” television show where non-profit charities bring their needs...
Tuesday, June 21, 2016
For social entrepreneurs in Chicagoland, there’s a new resource, one that could be a model for other cities.
It’s an initiative called the Commission on Social Innovation. Recently formed by the Cook County Board, the Commission aims to help meet the needs of the area’s struggling underprivileged population, in part, by encouraging the...
Thursday, December 31, 2015
Earlier this year, hedge-fund billionaire Paul Tudor Jones II announced his plans to rate 1,000 publicly traded companies on how just they are–that is, how well they treat other stakeholders, like employees, society and the environment. To that end, along with such celebrities as Deepak Chopra, he started a nonprofit called JUST Capital Foundation. I...
Friday, October 30, 2015
Impact investing just took another big step towards becoming mainstream, with the help of the Department of Labor (DOL). And all the hard work investors have been doing to build reliable ways to measure results seems to be a contributing factor. Specifically, the DOL recently posted guidance about what it calls economically targeted investments (ETIs) made...
Thursday, September 24, 2015
Representing Corporate Officers, Directors, Managers, and Trustees, Second Edition
By Marc J. Lane
Now Comprehensively Supplemented!
Representing Corporate Officers, Directors, Managers, and Trustees, Second Edition is a guide to the practical aspects of corporate governance for attorneys, officers, directors, managers, and trustees. The introduction of...
Sunday, August 30, 2015
GET YOUR COPY OF "THE MISSION-DRIVEN VENTURE"!
View article chicago.suntimes.com
Peterborough's problem was daunting: Sixty percent of prisoners serving short-term sentences historically had gone on to re-offend within a year after their release. But policymakers were confident that a solution was within their reach. They attracted private...
Monday, June 1, 2015
A recent court ruling underscores an important point for L3Cs: Be careful about your charitable purpose.
On the other hand, it doesn’t mean much for other social enterprises.
The ruling came earlier this month from the Ninth Circuit Court in Zagfly, Inc. v. Commissioner of Internal Revenue. Zagfly, a company selling flowers online at market rates,...
Thursday, April 30, 2015
In March, a living legend of social enterprise, Jerr Boschee, wrote a piece cataloging the music that defined the social justice movement. I was honored to be asked to contribute and, not surprisingly, I picked Beyoncé’s “Run the World” and Alicia Keys’ “Girl on Fire.” As I reviewed his final list and reflected on...
Wednesday, March 18, 2015
With the 2016 elections on the near horizon, nonprofit tax breaks continue to be a hot-button issue in the House and Congress. Whether it is the charitable tax deduction for donors or tax breaks offered to registered nonprofit organizations, legislation keeps popping up on the table to reduce, eliminate or in some cases enhance charitable tax deductions.
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