A New Session Brings New Ideas

As you know a new legislative session is upon us.  A fresh start and a chance to bring some fresh new ideas to our state.  Every legislator seems to have a some ideas on how to help our state. While Senator Gerlach has a lot of ideas, more of which you'll likely see here, a local news agency recently covered one of the ideas he'll be pushing early this session.

Senate Commerce and Consumer Protection Committee Chairman Chris Gerlach, R-Apple Valley, said one item his committee will address early in the session is the public benefit corporation.
Gerlach described a public benefit corporation as a hybrid between profit and nonprofit corporations.
In a public benefit corporation, investors invests with the idea of making modest returns on their dollars.
For these modest returns, investors are rewarded in knowing the corporation is engaged in part in activities with a public benefit, Gerlach explained.
Under the proposed legislation, liability protection is extended to public benefit corporation board of directors against shareholders intent on greater earnings, Gerlach said.
Gerlach is co-authoring the legislation with the Sen. John Marty, DFL-Roseville.

Hopefully this bi-partisan idea is passed and brings positive changes to Minnesota.