Commonwealth Group LLC
The economic health of communities across the country is tied to the Main Street small businesses in those communities. In fact, they serve as the economic backbone of the nation. More than 50% of all jobs (that includes large business, small business, government and non-profit sectors) are accounted for by small businesses with 20 or fewer employees, more than all the other categories combined.
Yet stand-alone small businesses struggle to survive in a world where big businesses usually have access to all the resources they need, including capital, credit and expertise, but small businesses rarely get adequate access to those resources. Helping small businesses get that access is at the core of what Commonwealth Group LLC (CG) is about, as part of a larger mission to help transform how business serves society and the planet.
Years of exploring issues related to small business capital formation, securities laws, access to credit and banking laws, general community economic development issues and the various corporate, financial and structural vehicles has led CG to develop a number of solutions aimed at helping small businesses, their communities and all stakeholders concerned with their collective health and success.
In pursuing such objectives, one cannot help but become deeply immersed in a major transformation occurring in the business world on a global scale. It relates to the very core objective of business, which for a long time has pursued money and profit as its sole purpose (that was not always that case). Large segments of the populace (especially Millennials) now reject that premise and instead are saying that business should exist to serve humanity and the planet, not the other way around.
We explored this rapidly growing shift in the LinkedIn Pulse article . There we discuss the concept of “” where investors are helping to drive this transition by their investment choices. We also describe new forms of corporations called and , and how they are helping to lead the effort to this new form of capitalism by advocating in their very purpose social and environmental benefits, in addition to the financial ones.
The twin topics of impact investing and benefit corporations stand at the very center of what CG is all about and around which we have developed a number of solutions. We will continue to develop new solutions as time, resources and experience lead us into new and beneficial directions.
See our About page for more on how we have taken those ideas and developed a broad solution set to address specific problems and the programs we have put in motion to implement those solutions.