Cooperatives 101: Formation, Structure, Best Practices, Resources - Shared screen with speaker view
Please drop any questions you have for our speakers into the Q&A during the presentation. We will get to as many questions as we can after the presentation wraps.
How particular fields (such as the arts, software, construction, etc.) can modify practices to succeed under a co-op model
Successions as a strategy is something the SBA has put forward in recent years and are looking to support via Small Business Development Centers (SBDCs), thus their work with the UW Center
I imagine that this would be a great place for Business Improvement Districts (BIDs) to connect businesses in their district (-:
Sure...it was actually included in some legislation a couple years ago. It's still emerging as to the "how" but we hope to promote that more.https://institute.coop/news/democracy-work-institute-celebrates-passing-worker-cooperative-and-employee-ownership-0
That's an amazing resource!
i.e. those of us that can bend the ear of folks in city and county government here in Milwaukee, we should do this! Would be great to see some investment by local government in this, similar as to how they already invest in small business support
Milwaukee Department of City Development should have a co-operative creation initiative
Exactly Conor! (-:Also we did invite some DCD folks to attend and plan to follow-up
Co-ops are the opposite of the plantation capitalism that Rev. Jim Lawson spoke against
Study groups have been used extensively in Philadelphia currently, and in the past among southern black cooperatives.
funding to explore housing cooperatives was introduced as part of the Mayor's budget https://www.jsonline.com/story/news/local/milwaukee/2020/09/21/milwaukee-mayor-tom-barrett-propose-6-5-million-housing/5824197002/
I'm a nerd!
thanks for the slide!
Thanks Irma! Yes, really great news to see the City's announcement just this week to fund the development of housing co-ops and land trusts
Nola Hitchcock Cross
This was a fantastic presentation! Thank you very much.
Irma, I heard that funding included community land trusts as well. Is that the case?
Thanks Margaret! I know someone whose kids participated years ago - loved it
Are there some clear & easy distinctions that can be made between Coops and small businesses, some of which may seek to address the same, or similar, thiings? Thanks.
There are tax benefits for a business to convert to an ESOP - employee share ownership program
Harken Manufacturing Corp in Waukesha was just sold to its employees
Hi Rusty - Yes! It includes co-ops and community land trusts...
Hi all -- can you speak to co-op nonprofit structures that I've seen occasionally? are these non-profits with charters that feature co-op structures, or are they co-ops that fall under the rubric of non-profits because of how they manage their wealth?
Yes Gwen! I'll find a link to a previous email here where you can access it
ESPO is a Employee Stock Ownership Plans
Nola Hitchcock Cross
This email has the link to our YouTube recording in it (2nd paragraph)https://mailchi.mp/f430fee1bcd4/city-budget-equity-analysis-vision-5240218?e=27ea660bad
Re: business structures: https://uwcc.wisc.edu/about-co-ops/business-structure-comparison/ Generally co-ops in WI go with Chapter 184. Other state statues can be found at https://resources.uwcc.wisc.edu/Research/UWCC_National_Resource_Ecosystem_Statutes_March2020.pdf
A good book is "For all the People" by John Curl
As well as Collective Courage by Dr Jessica Gordon Nembhard
Thank you so much, everyone. Please do reach out if you like. We appreciate your taking time out for this, and to UEDA and Walnut Way.
Yes slides will be shared
As will the recording of this session
Thanks so much! What a great presentation!