April 3, 2008
$500,000 Grant Made for 'Social' Stock Market
The Rockefeller Foundation has announced a $500,000 grant to study the feasibility of creating a stock market for businesses that seek to achieve a social mission and make a profit.
"The current lack of a stock exchange that enables enterprises to list without losing control of their social mission inhibits some very good companies from gaining the expansion capital that they need," says Antony Bugg-Levine, a managing director at the New York foundation.
The U.K. Social Stock
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