Community Contribution Companies
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.
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