Gov. Dannel P. Malloy indicated he'll hold a signing ceremony for legislation that enables business owners to incorporate as "Type B" benefit corporations, set up for a broader social benefits beyond just profits for owners.

The event, not yet scheduled, will happen even though the measure was not a separate bill, but was instead included in the 300-plus-page budget implementation bill adopted at the tail end of the legislative session May 7.

Kate Emery, left the founder of reSET, and celebrate at City Steam in downtown Hartford after the measure creating benefit corporations passed at the Capitol. Dan Haar/The Hartford Courant

Kate Emery, left the founder of reSET, and Ojala Naeem, incubator and IT manager for reSET, celebrate at City Steam in downtown Hartford after the measure creating benefit corporations passed at the Capitol.

Dan Haar/The Hartford Courant

Members of the Social Enterprise Trust, a Hartford group known as reSET, gathered at City Steam in Hartford on May 9 to celebrate the measure passing. The group had lobbied for the bill over the last three years at the Capitol, and had secured support from Malloy, who walked to the reSET office and incubator on Pratt Street in downtown Hartford early this year to back it.

The new rules won't require any firm to do anything differently, but those businesses that establish themselves as benefit corporations, or social enterprises, will have to declare what their social benefit is, and report on it. And in Connecticut, unlike any other state that has a similar law, the registration is virtually impossible to revoke.

That provision could attract socially-minded start-ups to Connecticut, reSET founder Kate Emery and other advocates said.