Illinois Community Economic Development Benefit Corporation

Helping Solve Personal, Community, National and Global Ultimate Destiny Success Puzzles!

Establishing a National Network of
Community Economic Development (CED)
Benefit Corporations and B Corps

Expanding the Circle of Success for Addressing Social, Economic and Environmental Challenges by Combining the Principles and Practices of Community Economic Development (CED) with the Benefit Corporation
Model and Crowd Funding Provisions of the JOBS Act to Help Foster Innovation, Collaboration, Job Creation and Sustainable Communities

Home Vision/Mission CED B Corps Crowd Funding State CED B Corps Resources Invitation Contact

Pending Illinois CED Benefit Corporation

Now that legislation has been passed, we are in the process of inviting individuals, non-profit organizations and companies involved in any facet of Community Economic Development and who live in and or have interests in the State of Illinois to join with us in establishing a CED Benefit Corporation in the State. If you would like to participate, or would like more information, please contact Charles Betterton at 760-212-9931 or by email at info@cedbcorp.com

In the meantime, we support the work of the Illinois Task Force on Social Innovation, Entrepreneurship and Enterprise. Click Here to download the Executive Order establishing the Task Force. They have a MeetUp Group at http://www.meetup.com/SE-Alliance-Chicago and a Facebook Page at https://www.facebook.com/pages/Social-Enterprise-Alliance-Chicago-Chapter/163165077030369

Following is the Initial Announcement from Chairman Marc Lane and My Comment:

I’m delighted to announce that the first meeting of the Illinois Task Force on Social Innovation, Entrepreneurship, and Enterprise, which I am honored to chair, will be held at 4 p.m. on August 22. The meeting will take place in Room 9-039 of the James R. Thompson Center, 100 W. Randolph Street, Chicago. The public is encouraged to attend and provide input.

The Task Force’s members are:

• Marc J. Lane, President of The Law Offices of Marc J. Lane, a Professional Corporation, Chairman
• Brandon T. Bodor, Executive Director of the Serve Illinois Commission
• Nora Moreno Cargie, Director of Global Corporate Citizenship for The Boeing Company
• Linda L. Darragh, Executive Director of the Levy Institute for Entrepreneurial Practice & the Heizer Center for Private Equity and Venture Capital of Kellogg School of Management, Northwestern University
• Francia Harrington, Senior Vice President of Global Philanthropy of JPMorgan Chase
• Valerie Lies, CEO of Donors Forum
• Chinwe Onyeagoro, Chief Executive Officer and Co-Founder of O-H Community Partners
• Debra D. Schwartz, Director of Program-Related Investments for The John D. and Catherine T. MacArthur Foundation
• Eric Weinheimer, President of the Cara Program
• Elise Zelechowski, Executive Director of Rebuilding Exchange and Senior Director, Community and Economic Development, Delta Institute

Illinois Task Force on Social Innovation, Entrepreneurship, and... meetup.com

Charles Betterton Author, Publisher, Stewardheir • Congratulations Marc! As a Community Economic Development specialist, I would love to participate whenever possible as I lived and worked in Illinois for over 25 years. I am especially interested in supporting passage of Benefit Corporation legislation in Illinois (and in every US State! Thanks to the work of B Lab, I believe the combination of Benefit Corporations and B Corps with the Crowd Funding provisions of the JOBS Act represent the richest opportunity in the history of the USA to "Expand the Circle of Success" for solving our social, economic and environmental challenges. In the process, we might even be able to manifest our vision of a United State of Americans and fulfill the ultimate destiny of the USA that Benjamin Franklin said was not power but light.

After learning about Benefit Corporations years ago as a member of Social Venture Network and the World Business Academy, my primary focus is helping promote and facilitate the establishment of a national network of Benefit Corporations, B Corps and affiliated non-profit Community Economic Development Empowerment Resource Centers based on the successful prototypes of Kankakee County CAN DO!, the award-winning Success Center Partnership we established with Les brown for the Muncie, IN Public Housing Authority, etc.

Through our start-up companies, (Universal Stewardheirship, Inc, the Community Economic Development Resource Center and the California CED Benefit Corporation), we also plan to establish a CED Benefit Corporation in Illinois as soon as legislation passes. Thank you again for the opportunity to join the FaceBook Group. More information on our work and possible ways we may be of service to this organization are available at http://www.universalstewardheirship.com and http://www.cedbcorp.com.

B Lab is a nonprofit organization dedicated to using the power of business to solve social and environmental problems. Learn about B Corps at www.bcorporation.net. Learn about Benefit Corporations at http://www.benefitcorp.net/

Click Here for our invitation to the cofounders of B Lab seeking possible collaboration and permission to reprint some of their content on our web sites, webinars and publications.

Illinois Benefit Corporation

Status: Introduced February 2nd 2011. Passed Senate. Passed House 5/10/12. Sent to the Governor on 6/8/2012. Signed on 7/2/12.

Sponsors: Sen. Frerichs, Sen. Noland, Sen. Collins, Sen. Steans, Rep. Feigenholtz, Rep. Sente, Rep. Thapedi, Rep. Zalewski, Rep. Barickman

Legislation: SB2897

Key Supporters: UL, LLC (Underwriters Laboratories)

WWW.ILCEDBCORP.COM WWW.ILLINOISCOMMUNITYECONOMICDEVELOPMENTBENEFITCORPORATION.COM