skip to main content
skip to newscasts

Saturday, April 20, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Tribal advocates keep up legal pressure for fair political maps; 12-member jury sworn in for Trump's historic criminal trial; the importance of healthcare decision planning; and a debt dilemma: poll shows how many people wrestle with college costs.

view newscast page
play newscast audioPlay

Civil rights activists say a court ruling could end the right to protest in three southern states, a federal judge lets January 6th lawsuits proceed against former President Trump, and police arrest dozens at a Columbia University Gaza protest.

view newscast page
play newscast audioPlay

Rural Wyoming needs more vocational teachers to sustain its workforce pipeline, Ohio environmental advocates fear harm from a proposal to open 40-thousand forest acres to fracking and rural communities build bike trail systems to promote nature, boost the economy.

B Corps Could Become Newest Business Designation in NC

play audio
Play

Friday, May 19, 2017   

ASHEVILLE, N.C. – Benefit Corporations - commonly known as B Corps - are growing in popularity in North Carolina and beyond. Certified by the non-profit, B Lab, the designation indicates that a company has met rigorous standards of social and environmental performance, accountability and transparency.

While increasingly recognized as a viable business model, B Corps aren't yet recognized by the state as a business designation.

Rep. Chuck McGrady of Henderson County is sponsoring a bill that would change that.

"It functions a lot like a regular corporation, but it just allows people to designate a public purpose, sort of add a dimension to what they're doing in their business," he says. "It can be very attractive to investors. It is very attractive to this new class of entrepreneurs."

At least 30 states already have a legal designation for B Corps. Under other corporation models, a business' obligation is only to increase shareholder value.

The bill is on the House calendar next week and would protect companies who have multiple shareholders from their investors demanding that all the earnings go to the bottom line, instead of meeting the B Corps commitment for social good.

Peter Krull's company, Earth Equity Advisors in Asheville, is ranked in the top 10 percent in the world of B Corps by B Labs. He says the legal classification is needed for B Corps to grow with the same protections afforded to other business models.

"We all know because we've been doing responsible business for over a decade that it actually pays to be invested in your community because you grow a better business that's built for the long term," he explains.

McGrady says recognizing B Corps signifies the state is ready for the kind of innovative businesses that often seek out that designation.

"There's certainly an emerging class of entrepreneurs who are very interested in B Corps and the concepts surrounding B Corps," McGrady adds. "It is designed to make the corporate environment in North Carolina more attractive, and you wouldn't want to lose someone who wanted to incorporate in North Carolina because you didn't offer the type of structure they wanted."

There are at least 37 B Corps in North Carolina. There are more than 2,100 B Corps worldwide in more than 50 countries, representing 130 industries.


get more stories like this via email

more stories
The Bureau of Land Management's newly issued Public Lands Rule is designed to safeguard cultural resources such as New Mexico's Chaco Culture National Park. (Photo courtesy SallyPaez)

Environment

play sound

Balancing the needs of the many with those who have traditionally reaped benefits from public lands is behind a new rule issued Thursday by the Bureau…


Health and Wellness

play sound

Alzheimer's disease is the eighth-leading cause of death in Pennsylvania. A documentary on the topic debuts Saturday in Pittsburgh. "Remember Me: …

Social Issues

play sound

April is Financial Literacy Month, when the focus is on learning smart money habits but also how to protect yourself from fraud. One problem on the …


Outdoor recreation added $11.7 million to the Arizona economy in 2022, according to the U.S. Bureau of Economic Analysis. (Adobe Stock)

Environment

play sound

Arizona conservation groups and sportsmen alike say they're pleased the Bureau of Land Management will now recognize conservation as an integral part …

play sound

Across the U.S., most political boundaries tied to the 2020 Census have been in place for a while, but a national project on map fairness for …

The 2023 Annie E. Casey Foundation Data Book ranked Arkansas 37th in the nation for education, and said 56% of young children were not in preschool programs to help get them ready for school. (Adobe Stock)

Social Issues

play sound

The need for child care and early learning is critical, especially in rural Arkansas. One nonprofit is working to fill those gaps by giving providers …

Environment

play sound

An annual march for farmworkers' rights is being held Sunday in northwest Washington. This year, marchers are focusing on the conditions for local …

Social Issues

play sound

A new Gallup and Lumina Foundation poll unveils a concerning reality: Hoosiers may lack clarity about the true cost of higher education. The survey …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021