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Pursuing Profit and Purpose: The Debate in California's Statehouse and What it Means for Us
California
has been a pioneer of innovation on many fronts - industry, media,
science, and technology. Today our statehouse is considering two bills
that could significantly enhance California's ability to innovate in the
social enterprise sector.
In the State Assembly and State Senate, new legal forms are
being considered for corporations -- the Benefit Corporation and the
Flexible Purpose Corporation. Both seek to make it easier for
entrepreneurs to pursue both purpose and profit under one roof.
Why do we need such legislation? What are the differences between
the two bills? Will new laws make it easier for entrepreneurs to find
start-up capital? What are the prospective advantages and potential
perils for investors? Should for-profit social businesses benefit from
preferential treatment similar to the incentives available to non-profit
organizations?
In partnership with the Impact Economy Initiative of the Aspen
Institute, Omidyar Network is proud to host a conversation with leading
voices in this conversation. Panelists will share insights on the
legislation as well as explore implications for impact investors, social
entrepreneurs, and philanthropists. This will be a hands-on discussion
designed to frame the issues in a practical manner that will be useful
to all.
Hub Bay Area is a place where for profit and non profit social change ideas build and scale into viable enterprises that address the complex problems we face, from poverty to climate change, for people and planet. Change agents find the support they need at the Hub to reach their goals faster, surrounded by a community that makes everyone smarter and more effective. From seed funding to professional services, from mentors to peers who understand what they are doing, the Hub is a platform that helps make it happen. It's where change goes to work.
Intersection for the Arts
http://theintersection.org/
Founded in the early 1960’s and incorporated in 1965, Intersection for the Arts cultivates inclusivity, builds community, and inspires social change through art. We develop, produce, and present new work in the performing, literary, visual and interdisciplinary arts and we serve Bay Area communities through artist residencies, public art, education and incubation, and direct community engagement programs. For the past five decades, Intersection has initiated ground-breaking programming and broad-based collaboration that actively demonstrates that art and creativity realized through meaningful, inclusive, and collaborative places fuels vibrancy and facilitates positive
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