By HARRIET JONES AND HEATHER BRANDON
Supporters of social entrepreneurship are once again lobbying lawmakers to create a new business structure in the state. They want Connecticut to pass a law allowing social enterprises to register as B-Corps, or benefit corporations. That would set them apart from other business entities that don’t have a declared social mission.
The Hartford-based Social Enterprise Trust, or reSET, is lobbying for legislation to be introduced in the upcoming session to create the new designation. They planned a march on Tuesday before a public hearing at the Capitol.
Similar legislation failed to pass last year after it ran out of time.
reSET founder Kate Emery told a meeting of the legislature’s Commerce Committee that supporting B-corps will attract new investors into Connecticut. Nineteen other states currently have legislation allowing the formation of B-corps.
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Social Enterprise Trust, Inc is a not-for-profit organization recognized as tax-exempt under Internal Revenue Code section 501 (c)(3). .
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