DePaul Industries extends non-profit reach
DePaul Industries, which remains a 501(c)(3) nonprofit organization, has just registered its private-sector staffing and packaging divisions as LLCs under new Oregon benefit company legislation. Benefit companies must consider impact to society and the environment in addition to profit, and DePaul Industries’ mission of creating employment opportunities for people with disabilities and other barriers to employment is included in the two companies’ bylaws.
“DePaul Industries has always looked more like a business than a nonprofit from the outside due to our self-sustaining, demand-driven model,” said DePaul Industries President & CEO Dave Shaffer. “The benefit company status is a great bridge structure for social enterprises like DePaul that want to use business as a successful driver of social good.”
DePaul Industries’ staffing arm, now rebranded as PurposeSTAFF to reflect its mission, will be expanding around the nation. DePaul is in talks with potential partners in an effort to open a number of new PurposeSTAFF locations in 2014. DePaul expects the PurposeSTAFF network, which will appeal to the rising number of companies interested in supporting social sustainability, to have an established national presence by 2020.
PurposeSTAFF has also earned B Corporation certification, as issued by the nonprofit B Lab to meet rigorous standards of social and environmental performance, accountability and transparency.
“This inaugural class of benefit companies in Oregon is a part of the growing movement toward a & lsquo;triple bottom line’ where companies’ missions are focused on a positive social return for people and the planet, as well as profit,” said Oregon Secretary of State Kate Brown. “DePaul Industries—the only benefit company specifically focused on job creation—has a mission that underscores the & lsquo;people’ part of this equation, bringing employment opportunities to people with disabilities and offering a model for nonprofits to run with business-like efficiency.”