S.F. to approve bid preference for B Corps.
If the vote goes as expected, San Francisco would show a preference for B Corporations.
San Francisco supervisors on Tuesday are expected to approve a new incentive for socially responsible companies.
The board is likely to OK bid preferences on city contracts for Benefit Corporations, a corporate structure that requires for-profit firms to create positive social and environmental impacts.
San Francisco’s bid preference legislation is sponsored by Board President David Chiu.
On April 17 the Board of Supervisors unanimously approved the measure, which, under board rules, must be voted on a second time Tuesday. It is expected to pass.
San Francisco already provides contract bid preferences to local businesses, a program administered by the Human Rights Commission. The new B Corp. preference is modeled after this existing program. However the bid preference for B Corps. cannot be used to outbid a local business, Chiu said.
In October 2011, Gov. Jerry Brown signed a state law making California the sixth state to enact B Corp. status, joining New Jersey, Virginia, Hawaii, Vermont and Maryland.
A push to pass B Corp. legislation in Oregon fell short during the 2012 short legislative session.
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.