A Public Benefit Corporation, or “B-Corp” is a specific type of corporation that allows for a public benefit to be a charter purpose in addition to the corporate goal of maximizing profit for shareholders.

During the 2017 Kentucky General Assembly, Rep. Jerry Miller sponsored HB35,  a KCC Strong Support bill, which passed during the session and was signed into law. The law came into effect on July 1, 2017.

Indiana and Tennessee have already passed B-Corp legislation, with Ohio expected to follow soon. To learn more about B-Corporations, go to bcorporation.net. To learn about which states have become B-Corporation states, go to http://benefitcorp.net/policymakers/state-by-state-status

Current Public Benefit Corporations in Kentucky as of January, 2018:

Resource Links on Public Benefit Corporations: