New business model may make Illinois ‘Delaware of social enterprise’

Marc J. Lane, economic development expert and author, speaks at the Great Cities Institute at University of Illinois-Chicago Feb. 8. (Chronicle Media)

Marc J. Lane, economic development expert and author, speaks at the Great Cities Institute at University of Illinois-Chicago Feb. 8. (Chronicle Media)

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.”

Full Story from Cook County Chronicle »

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