The Cook County Chronicle reported on a UIC Great Cities Institute talk featuring Marc J. Lane, an attorney and economic development expert.
Illinois is becoming a hub for companies that want to change the world and make a profit at the same time, said Marc J. Lane, an attorney and economic development expert at an event hosted Feb. 8 by the Great Cities Institute at University of Illinois-Chicago.
Imagine a “Shark Tank” television show where non-profit charities bring their needs to cutthroat investment tycoons — and are funded immediately.
Lane described a business model that would help private companies with a mission to help solve social issues. He helped draft a new form of incorporation model called L3C for “social enterprise businesses.”