Oregon businesses prepare to become benefit companies

Oregon businesses prepare to become benefit companies

About 15 Oregon companies are set to register as the state's first benefit companies on Jan. 2.

That’s the first official day a new law allowing benefit companies in the state takes effect. Business leaders behind the effort say their aim is to top other states in which similar laws have been enacted. That is, other states with such rules have registered 14 or 15 benefit companies on the first day those laws took effect.

“Our rationale there is we think when entrepreneurs in Oregon hear about this and know about it, there are many of them that will want to explore and do it,” said Eric Friedenwald-Fishman, founder of the long-time B Corp and social-change agency Metropolitan Group, and an architect of the new law.

Read more at Sustainable Business Oregon.