May 1, 2008
Vermont Poised to Recognize Businesses That Are Created to Offer Social Benefits
Vermont is poised to become the first state to officially recognize a new kind of business designed to allow charitable ventures to more easily attract foundation money and other kinds of private capital. Advocates of the new business structure — what they describe as "a for-profit with a nonprofit soul" — say it has the potential to attract billions, if not trillions, of new dollars to organizations doing good works around the country.
The new business entity is
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