Maryland `B` corp. formed to help site search for proposed gay
Transcription
Maryland `B` corp. formed to help site search for proposed gay
Maryland benefit corporation formed to help site search for pro... Sign In or Sign Up ALWAYS FREE: http://www.baltimoresun.com/business/bs-bz-gay-museum-bcor... NEWSPAPER ADS SPECIAL SECTIONS JOBS RENTALS HOMES CARS HOME DELIVERY DEC 12 44° F MARYLAND SPORTS TOP WORKPLACES HOT TOPICS RAVENS PERSONAL FINANCE Joe Flacco BUSINESS LIFE CONSUMING INTERESTS Cafe Hon back on TV HEALTH ENTERTAINMENT REAL ESTATE Hot on the Web EVENTS REAL ESTATE WONK Ravi Shankar JOBS OPINION GIFT GUIDE Ayanbadejo Honorary Gay? VIDEO BALT TECH DEALS PEOPLE ON THE MOVE Mice at BWI Search Home > Business Maryland 'B' corp. formed to help site search for proposed gay heritage museum Research finds money isn't everything when it comes to choosing a workplace Group has sought permanent D.C. home since 2008 Comments 7 31 1 Tweet 6 Recommend 13 Northwestern Mutual gives its workers the flexibility to find their own path With students and employees, McDonogh School fosters a community spirit By Lorraine Mirabella, The Baltimore Sun 5:30 p.m. EST, December 7, 2012 >>> Read more 2012 Top Workplaces stories Organizers of a proposed Washington, D.C., museum focused on lesbian, gay, bisexual and transgender heritage have formed a benefit limited liability corporation in Maryland that will work to find a museum site. The Velvet Foundation, a nonprofit group that has been planning the museum and seeking a permanent home in D.C. since 2008, will be the beneficiary of the newly formed Oliver-Grayson Holding Co. Benefit LLC., organizers announced. A Maryland law took effect in October 2010 allowing businesses to organize as "benefit corporations," hybrids of for-profit and nonprofit models that aim for public benefits as well as profits. Plans call for either acquiring or building a facility, said Gavin/Solmonese LLC, a financial advisory firm that is advising the museum planners and will help raise capital. Related Organizers hope to raise between $25 million and $40 million to buy a building, the Washington Business Journal reported Friday. Commercial real estate firm Studley Inc. will help with the property search. Find: Baltimore-area museums "Being the beneficiary of the Benefit LLC will enable us to attract investors who are not only committed to the museum but who are interested in the bottom line," said Tim Gold, CEO of the Velvet Foundation, in a statement. Maryland, the first state to authorize benefit corporations, is one of 12 states that have passed "B" corporation laws. Find: Gay & lesbian events in Baltimore "It is vitally important to our community and to our country that the National LGBT Museum exists," Joe Solmonese, managing director and founding partner of Gavin/Solmonese, and former president of the Human Rights Campaign, said in a statement. Newsroom directory | Social Sun Business videos StubHub president on 12-12-12 benefit concert [email protected] Text BUSINESS to 70701 to get Baltimore Sun Business Find: Gay & lesbian bars in Baltimore text alerts Section: Gay & lesbian interest National Pinball Museum heading for Baltimore See more stories » Ads by Google 1 of 3 12/12/12 2:34 PM Maryland benefit corporation formed to help site search for pro... http://www.baltimoresun.com/business/bs-bz-gay-museum-bcor... Most popular now Governors plead for urgent online sales tax authority Find Gay Men Paul McCartney and the pope are making 12/12/12 a day to remember Search Over 10 Million Members Meet Singles Near You. It's Easy! 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Besides the marketing company that stands to make money, who in their right mind would donate to something like this? Wait, they can put the statue of DuBurns and maybe one of Dixon out front, perfect. B-more is already known for the city that bleeds, now it will be known as the biggest joke. Can I get a museum for people who go to work each day or those that sacrifice luxuries just to put food on the tables for their kids? If the city allows this, please post those companies that made donations. I want to know where NOT to spend my money. Roman_Maronie at 4:07 PM December 07, 2012 Oh cool a museum dedicated to who you choose to bang. Congrats on coming up with the worlds dumbest idea. COMMENTING POLICY: Readers are encouraged to post comments that are germane to the article. We reserve the right to remove any user, and to delete comments that contain abusive language or personal threats, as well as those that are racist or demeaning. 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