Social Enterprise Public Policies

Public Policies

State Level

L3C Legislation The L3C is a new form of limited liability company which combines the best features of a for-profit LLC with the socially beneficial aspects of a nonprofit. It is the for-profit with a nonprofit soul. The first bill to make the L3C into law passed the Vermont Legislature on April 15, 2008 and was signed by the Governor of Vermont on April 30, 2008. Effective beginning May 1, 2008, foundations and other investors nationwide may now form their own L3C. While the action permits investors nationwide to register an L3C under rules, other states are considering L3C legislation. For more information about the L3C, including a legislative watch, visit American's for Community Develpment.

Louisiana Office of Social Entrepreneurship
In the Fall of 2006, Lieutenant Governor Mitch Landrieu founded the Louisiana Office of Social Entrepreneurship. It is the first of its kind in the nation.

National Level

Serve America Act Passed
On April 21, 2009 President Obama signed The Serve America Act which is designed to more than triple the number of participants in AmeriCorps, increase the education grant for AmeriCorps participants, create new volunteer programs, and start funds to help nonprofit groups expand innovative programs and recruit and manage volunteers.

Social Innovation Fund
Included in The Serve America Act is authorization for the creation of a Social Innovation Fund. The Fund is intended to increase the impact of social entrepreneurs and innovative nonprofit organizations by scaling proven programs and investing in promising new ideas. In essence, it enables a new role for government to partner with social entrepreneurs and philanthropy to fundamentally improve our nation's problem-solving capacities.

New White House Office of Social Innovation
The White House Office of Social Innovation was created by the Obama Administration to promote government efforts to help innovative nonprofit groups and social entrepreneurs expand successful approaches to tackling pressing social problems.

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Advocacy
Public Policies State Level L3C Legislation The L3C is a new form of limited liability company which combines the best features of a for-profit LLC with the socially beneficial aspects of a nonprofit. It is the for-profit with a nonprofit soul. The first bill to make the L3C into law passed the Vermont Legislature on April 15, 2008 and was signed by the Governor of Vermont on April 30, 2008. Effective beginning May 1, 2008, foundations and other investors nationwide may now form their own L3C. While the action permits investors nationwide to register an L3C under rules, other states are considering L3C legislation. For more information about the L3C, including a legislative watch, visit American's for Community Develpment. Louisiana Office of Social Entrepreneurship In the Fall of 2006, Lieutenant Governor Mitch Landrieu founded the Louisiana Office of Social Entrepreneurship. It is the first of its kind in the nation. National Level Serve America Act Passed On April 21, 2009 President Obama signed The Serve America Act which is designed to more than triple the number of participants in AmeriCorps, increase the education grant for AmeriCorps participants, create new volunteer programs, and start funds to help nonprofit groups expand innovative programs and recruit and manage volunteers. Social Innovation Fund Included in The Serve America Act is authorization for the creation of a Social Innovation Fund. The Fund is intended to increase the impact of social entrepreneurs and innovative nonprofit organizations by scaling proven programs and investing in promising new ideas. In essence, it enables a new role for government to partner with social entrepreneurs and philanthropy to fundamentally improve our nation's problem-solving capacities. New White House Office of Social Innovation The White House Office of Social Innovation was created by the Obama Administration to promote government efforts to help innovative nonprofit groups and social entrepreneurs expand successful approaches to tackling pressing social problems.	Advocacy Professional Development Summit 2010 Summit 2010 Policy Track Sessions Download recordings State & Local Government Efforts to Support Social Enterprise & Social Innovation Assessing Impact for Investing Public Funds in Social Enterprise Creating & Enabling Policy Framework for Social Enterprise Can You Hear Me Now? Influencing Policymakers to Hear Your Call for Increased Support
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