There’s an emerging class of entrepreneurs who take the leap into business not just to make money but to advance social and environmental causes. These businesses are called for-benefit organizations and are part of what’s referred to as the fourth sector.
Famous examples are TOMS Shoes and Grameen Bank, an institution that loans money to women-owned small businesses around the world.
At the 2013 California Economic Summit in Los Angeles, federal officials met with attendees to talk about this growing sector that integrates social good with running a business.
California Forward’s Cheryl Getuiza spoke with Matt Bogoshian of the US EPA to find out more.