Food is Free may finally be free of its search for a new home. You wouldn’t have guessed where they’re moving. Austin’s loss is the new town’s gain. The group is sad to leave, but excited about their new prospects.
B Corps, or benefit corporations, have arrived in the state of New York.
Earlier this month, the legislature passed, and Gov. Cuomo signed, a bill (S.79-A) approving this new type of corporate structure in which companies promise to have a positive impact on the environment and watch out for the rights of workers and communities.
State officials then immediately registered 13 companies as B Corps on Feb 10, the same day the law was enacted.