(Photo by Julie Zeglen)
Philly has a chance to boost its social enterprises by implementing tax incentives that would theoretically allow the city to become the “B Corp Capital of the World.” But with poverty rates hovering around 26.3 percent, the city has simultaneously been labeled “Poorest Big City in America.”
Sustainable Business Network covers both of the issues in the new edition of its magazine, Good Economist.
The social enterprise bill, spearheaded by Councilwoman Maria Quinones-Sanchez, would double the tax credits for B Corps to $8,000 and remove the ceiling limiting the availability of that credit to 25 businesses — among other amendments to tax exemption programs incentivizing social enterprise in the city.-30-
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