skip to main content
skip to newscasts

Thursday, May 1, 2025

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Trump pressures journalist to accept doctored photo as real: 'Why don't you just say yes?' Head Start funding cuts threaten MA early childhood program success; FL tomato industry enters new era as U.S.-Mexico trade agreement ends; KY's federal preschool funding faces uncertain future.

view newscast page
play newscast audioPlay

President Trump acknowledges the consumer toll of his tariffs on Chinese goods. Labor groups protest administration policies on May Day, and U.S. House votes to repeal a waiver letting California ban the sale of new gas-powered cars by 2035.

view newscast page
play newscast audioPlay

Rural students who face hurdles going to college are getting noticed, Native Alaskans may want to live off the land but obstacles like climate change loom large, and the Cherokee language is being preserved by kids in North Carolina.

B Corps Could Become Newest Business Designation in NC

play audio
Play

Friday, May 19, 2017   

ASHEVILLE, N.C. – Benefit Corporations - commonly known as B Corps - are growing in popularity in North Carolina and beyond. Certified by the non-profit, B Lab, the designation indicates that a company has met rigorous standards of social and environmental performance, accountability and transparency.

While increasingly recognized as a viable business model, B Corps aren't yet recognized by the state as a business designation.

Rep. Chuck McGrady of Henderson County is sponsoring a bill that would change that.

"It functions a lot like a regular corporation, but it just allows people to designate a public purpose, sort of add a dimension to what they're doing in their business," he says. "It can be very attractive to investors. It is very attractive to this new class of entrepreneurs."

At least 30 states already have a legal designation for B Corps. Under other corporation models, a business' obligation is only to increase shareholder value.

The bill is on the House calendar next week and would protect companies who have multiple shareholders from their investors demanding that all the earnings go to the bottom line, instead of meeting the B Corps commitment for social good.

Peter Krull's company, Earth Equity Advisors in Asheville, is ranked in the top 10 percent in the world of B Corps by B Labs. He says the legal classification is needed for B Corps to grow with the same protections afforded to other business models.

"We all know because we've been doing responsible business for over a decade that it actually pays to be invested in your community because you grow a better business that's built for the long term," he explains.

McGrady says recognizing B Corps signifies the state is ready for the kind of innovative businesses that often seek out that designation.

"There's certainly an emerging class of entrepreneurs who are very interested in B Corps and the concepts surrounding B Corps," McGrady adds. "It is designed to make the corporate environment in North Carolina more attractive, and you wouldn't want to lose someone who wanted to incorporate in North Carolina because you didn't offer the type of structure they wanted."

There are at least 37 B Corps in North Carolina. There are more than 2,100 B Corps worldwide in more than 50 countries, representing 130 industries.


get more stories like this via email

more stories
In 2023, nearly 18% of U.S. households with children faced food insecurity, according to the U.S. Department of Agriculture. (Adobe Stock)

Social Issues

play sound

By Lauren Cohen / Broadcast version by Farah Siddiqi reporting for the Kent State NewsLab-Ohio News Connection Collaboration. S.B. 109, a bill that …


Social Issues

play sound

An Illinois law professor is weighing in on what she called a "very public and open test of due process" for immigrants being deported from the United…

Health and Wellness

play sound

New data show a 27% increase in rape kit testing across Mississippi since the state implemented a 2023 law requiring all new sexual assault evidence t…


Families in Colorado and across the nation spend up to 60% of their income on child care, the equivalent of a second mortgage or rent payment. (Adobe Stock)

Social Issues

play sound

The lack of quality child care for infants and toddlers costs Colorado nearly $3 billion each year in lost earnings, productivity and revenue but an …

Environment

play sound

By Seth Millstein for Sentient.Broadcast version by Danielle Smith for Tennessee News Service reporting for the Sentient-Public News Service Collabora…

Mexican Agriculture Minister Julio Berdegue said 90% of the tomatoes exported by Mexico go to the United States. (Pixabay)

Environment

play sound

The Florida tomato industry is stepping into uncharted territory following the termination of a decades old trade agreement with Mexico, marking what …

Environment

play sound

When consumers buy a meat product, they might like the idea it came from a local farm or ranch. But experts say there are still logjams in regional …

Environment

play sound

The unmistakable smell of hamburgers or steak on outdoor grills will soon be making its way through Minnesota neighborhoods and with the weather warmi…

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021