Jim Delaney, a co-founder and former director of the LEAD Project (Leadership Emergence and Development Project), has launched a business in Minneapolis that aims to connect nonprofits with teams of young professionals willing to donate their time and skills to undertake large, long-term projects, campaigns and evaluations.
Engine for Social Innovation, L3C,* is both a low-cost service for nonprofits and a professional development tool for young people.
Delaney and his partner, Jennifer Lappegaard, have been getting press for their innovative business model. Dan Haugen at The Line recently interviewed Delaney and reported on Engine’s organization, initial projects and future goals.
Read Haugen’s full article on Engine L3C at The Line.
* A low-profit limited liability company (L3C) is a legal LLC structure designed for profitable enterprises with a community or charitable purpose. Currently, L3Cs can be formed in Michigan, Vermont, Illinois, Wyoming, Utah and Louisiana. Once formed in any of these states, an L3C can operate legally in all 50 states. Minnesota hasn’t yet passed legislation authorizing the formation of L3Cs, but having “L3C” in a company name can make a difference for branding purposes.