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PROPOSED RESOLUTION
PROPOSED RESOLUTION SUPPORTING THE DEVELOPMENT OF WORKER COOPERATIVES IN COOK COUNTY, ILLINOIS
WHEREAS, a "worker cooperative" is a business that is cooperatively owned and controlled by itsworkers; and
WHEREAS, the worker cooperative model has proven to be an effective tool for creating and maintaining sustainable, dignified jobs; generating wealth; improving the quality of life of workers; and promoting community and local economic development, particularly for people who lack access to conventional means of business ownership; and
WHEREAS, many worker cooperatives in the United States today were designed to improve low- wage jobs and build wealth in communities most directly affected by inequality; and
WHEREAS, a 2009 University of Wisconsin study reported that there are an estimated 350 worker cooperatives throughout the country with a combined estimated total revenue of $365 million, and it is believed these estimates are much larger today; and
WHEREAS, the local economy has lost thousands of well-paying manufacturing jobs that have mostly been replaced by minimum or low-wage service industry work and has expanded barriers to economic mobility for people of color, returning citizens, and immigrants; and
WHEREAS, there is a growing number of worker cooperatives throughout Cook County that currently lack access to capital, public awareness of the worker cooperative model, training and support services, and also face significant legal complexity; and
WHEREAS, the mandate of the Cook County Bureau of Economic Development includes fostering business growth, attraction, and retention; supporting workforce development, job creation, and sustainable employment; and, encouraging sustainable community investment; and
WHEREAS, worker cooperatives employ less common governance and financial structures, and because the County currently lacks programming and resources to help these beneficial enterprises thrive; now, therefore,
NOW, THER...
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