Rhode Island Governor Chaffee signed L3C Legislation into law on June 13, 2011 with the legislation to be effective July 1, 2012. HB 5279 was sponsored by Rep. Christopher Blazejewski.
In April, Blazejewski stated that “With many students graduating from our colleges and universities with a focus on entrepreneurship and community service, Rhode Island is well-positioned to become the Silicon Valley of the social venture movement,” said Representative Blazejewski (D-Dist. 2, Providence, East Providence). “As a tool for...