Are Social Enterprises Viable Models for Funding Nonprofits?
ASU Lodestar Center
MAY 18, 2016
Benefit corporations, created in Maryland in 2010, differ from L3Cs in that they are required to operate under specific standards set forth by B Lab, itself a nonprofit organization (Powell et al., However, the impact of the “Great Recession” in 2009 and 2010 left its founders with dwindling funds. Banks were not lending.
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