Downtown CREDO becomes benefit corporation

Downtown CREDO, the coffee shop known for letting customers choose their own price for a cup of coffee, has recently become a benefit corporation, according to a press release.

The shift from 501c3 non-profit organization to majority-owned benefit corporation will change the way the company pays taxes, but will not change the pick-your-price structure of the cafe, the press release said.

“The most important thing is that our mission and programing is staying the same,” said CREDO founder and CEO Ben Hoyer. “We still want folks to own their place in the supply chain and give them the chance to decide what they’ll pay.”

According to Hoyer, the partnerships that CREDO has formed within the Orlando community have led the company to outgrow the 501c3 non-profit structure.

Downtown CREDO has four locations—the original one is in College Park—and other initiatives that fuel its mission to have a positive impact on the community.

No comments yet.

Leave a Reply

Leave your opinion here. Please be nice. Your Email address will be kept private.