Registration of Benefit Corporations Sets First Day Record in Oregon

Oregon Secretary of State — A record number of Oregon businesses registered as Benefit Companies on the first effective day of a new state law that allows businesses build social responsibility into their bylaws.

With 24 businesses signing up as state Benefit Companies today, Oregon eclipsed the Day 1 registrations of 20 states and the District of Columbia that have passed B Company legislation. “The overwhelming response to this new law demonstrates the vibrancy of Oregon’s innovative, socially responsible business community,” said Secretary of State Kate Brown. “Benefit Companies make a big difference in the community, creating jobs and acting socially responsible.”

Oregon’s 37 nationally certified B Corps are significant contributors to the Oregon Economy: 2,869 total employees and $309,790,109 in revenue.

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