This evening, I headed on down to Brooklyn to attend a cool workshop hosted by Green Spaces (greenspacesny.com) on "Hybrid Structures for Social Ventures" presented by Christine Rico, a social venture consultant whose job consists of helping companies find the best way to mix for-profit motives with social goals.
One interesting part of the lecture centered on a revolutionary business model called an L3C or a "low-profit limited liability corporation" that fills the gap between traditional non-profit and for-profit companies. Currently, this particular legislation only exists in Vermont. However, for companies seeking to add a non-profit component, there are other alternatives including partnering with existing non-profits as Ben & Jerry's did.
To learn more about the L3C legislation, you can visit this website
Green Spaces is a cool company that offers "work space to launch green entrepreneurs" or basically, they rent out sections of a large Brooklyn loft to a handful of entrepreneurs who in exchange for their rent get, save a bundle on rent and get high-speed internet and access to a crew of Green Spaces interns from nearby colleges (which I hope to be one of sometime in the near future!) The founders are friendly, the wine was nice and it was an all-around great workshop. Anyway, definitely check out Green Spaces at GreenSpacesNY.com.
Image: GreenSpacesNY.com
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