07/25/2013 02:53 pm ET

Delaware Gov. Signs Landmark Social Entrepreneurship Law


Social entrepreneurship made a huge step forward this month, as Delaware Governor Jack Markell signed legislation creating a new corporate form, the public benefit corporation, that enables companies to “do well while doing good.” Although 18 other states have already enacted similar legislation, Delaware’s status as home to more than one million American companies, including 64 percent of the Fortune 500, bodes well for the accelerating benefit corporation movement.

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