The sharing economy in San Francisco is humming. Companies like Airbnb have figured out how to make a lot of money by using existing housing stock to meet consumer demand, which in Airbnb’s case is coming from tourists. Fast Company magazine declared AirBnB will soon become “the world’s largest hotel chain – without owning a single hotel.”
Benefit corporations, also known as “B corps,” are changing what it means to be a socially responsible business. 20 states have passed laws that recognize benefit corporations as businesses that make a commitment to
doing good while still making a profit. And in April 2012, the San Francisco Board of Supervisors approved a measure that gives benefit corporations an incentive to apply for city contracts.