Community Contribution Companies

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= hybrid corporate model,designed in British Columbia to bridge the gap between for-profit businesses and non-profit enterprises

URL = http://www.fin.gov.bc.ca/prs/ccc/


Description

"In response to an emerging demand for socially focused investment options, British Columbia has launched a new hybrid corporate model, the community contribution company (C3 or CCC).

Designed to bridge the gap between for-profit businesses and non-profit enterprises, this innovative business model is the first of its kind in Canada.

C3 status allows entrepreneurs in B.C. to pursue social goals through their businesses while still generating a profit and providing investment opportunities to like-minded investors.

Social enterprises can exist in many business areas and have many different objectives, including health, environmental, cultural or educational. For example, a social enterprise could provide recycling services in a community with the social objective of generating employment in collecting recyclables and applying most of the profits to a local charity.

The regulations were developed in consultation with members of the B.C. Social Innovation Council. Public consultations held in 2010 supported the idea of a new business model like the C3, and the resulting amendments were well-received by the social enterprise community." (http://www.fin.gov.bc.ca/prs/ccc/)