Last month, the Illinois Governor’s Task Force on Social Innovation, Entrepreneurship and Enterprise issued its preliminary report. The Task Force on Social Innovation, Entrepreneurship, and Enterprise was established by Executive Order on November 2, 2011, and officially commenced operations on August 22, 2012 with its first meeting. The Chicago Chapter has been instrumental in getting everything going, and five of the ten Task Force members are SEA members, including the Chairman of the Task Force, Marc Lane.
The report offers a view of the landscape as it stands in Illinois, and what the opportunities for social innovation, entrepreneurship, and enterprise are, as well as suggestions and recommendations given in advance of the upcoming legislative session. The three recommendations are to explore a social impact bond strategy, amend the LLC Act to expand the purposes of L3Cs, and allow the creation of benefit LLCs.
The Task Force will be submitting a report this month that outlines the initiatives it intends to spearhead over the next year. They will use this report, and future reports, to identify and recommend strategies that the state government, businesses, nonprofit organizations, and citizens can adopt to strengthen the social sector, and its impact, in Illinois.
To read the full report, please click here.
Our appreciation to the Chicago Chapter and our members serving on the Task Force for their work in improving social enterprise policy and the sector! We look forward to hearing more from Illinois as the Task Force moves forward.