Just over a year ago I wrote a blog post about the transformation of business as we know it. Many companies are starting to embrace a new modicum of success – the Triple Bottom Line. That post sparked a series of events I could never have imagined, and it was all because of you, my readers. You asked some good questions, which sparked some interest in learning more.
About a week after the post, my Mother happened to introduce me to the parent of one of her students because she thought I’d find his work intriguing (seriously people, she doesn’t read my blogs, it was totally coincidental). That’s how the stars aligned for me to meet Jay Coen Gilbert, co-founder of B Lab. I reached out with an email and explained that “Some local (Fort Collins, CO) colleagues and business owners have expressed interest in learning more about BCorps after reading my post.”
We connected at LOHAS after emailing back and forth a few times. As luck would have it, Jay was planning a trip to Fort Collins just a few weeks later. He graciously offered to do a presentation while in town.
Truth be told, I questioned myself, almost let the opportunity slip by (damn self-doubt). But I got just the encouragement I needed to dig in my heels and make something happen instead! Two weeks later we hosted “BCorps: A Community Conversation About Triple Bottom Line Business Models”.
The response was invigorating. Local organizations like the Rocky Mountain Innosphere, Climate Wise and Mugs Coffee Lounge came together to help make the event happen. On July 3, a notoriously slow day that many professionals take off, we had over 45 people come out ready to learn. I’m pretty sure we would have had nearly twice that many if people weren’t traveling for the holidays!
Rep. John Kefalas even showed up to the event. He reflected “The workshop that you sponsored in July 2012 was most helpful in terms of background and to better understand the B-Corps movement. This was most important because we had to find common ground and achieve an historic consensus between attorneys and conservationists.”
House Bill 13-1138 was sponsored by Rep Kefalas and Rep Pete Lee. Governor Hickenlooper signed the bill into law on May 16, 2013. Effective April 1 (happy birthday to me!), 2014 businesses in Colorado will be able to incorporate as Public Benefit Corporations!
This is an exciting step, as this legislation clearly aligns with many other efforts to make Colorado a hub for social ventures and business innovation. Rep. Kefalas believes “The new Colorado Benefit Corporation law will help create jobs by attracting socially responsible, impact investors to Colorado who want to invest in businesses that pursue the triple bottom line – profit, social good and sustainability. The new law allows for-profit businesses to establish themselves as public benefit corporations to advance social enterprise.”
Isn’t fascinating how a blip on a screen can have such a ripple effect! Makes you think…what about those things you do that don’t have such a positive ripple? I’m not expert on this policy but I sure hope it proves to have the intended effect!