Are Social Enterprises Viable Models for Funding Nonprofits?
ASU Lodestar Center
MAY 18, 2016
In 2008, Vermont became the first state to permit the creation of the L3C (Powell, Jackson-Zapata, & Kammerling, 2014), an entity that allows companies to achieve modest profits while operating under a business model that emphasizes impact over profits. Banks were not lending.
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