Madison Cooperative Enterprise Development Initiative
= project for local cooperative development in Madison, Wisconsin
"Steering Committee – multiple partners work with fiscal agent (Cooperative Network) to develop processes for authorizing program activity and develop budget. Reporting and evaluation.
Tools & Resource Development – Website, communications and marketing of project.
Program Delivery Coordination – Develop directory of technical assistance providers and coordinate intake and service delivery.
Program Design & Curriculum – UW Center for Cooperatives works with partners to identify educational resource needs. Individual needs assessment tools."
By Rebecca Kelme:
- Capacity building around technical assistance, financing, community organizing and tracking & reporting the impact of cooperative businesses in the City of Madison.
- Increased number of family-supporting, living wage jobs as a result of worker ownership. This can include new jobs created by new co-ops, jobs retained by the transition of a business to a co-op ownership or unionized co-op models.
- Community asset building. Technical and financial support for programs that help create ownership of businesses and community owned assets with a focus on communities of color, low wealth communities and communities excluded or exploited within the traditional workforce.
By Rebecca Kelme:
- Accountable and representative leadership
- Clear and careful thinking about goals
- Establish metrics, evaluation system
- Communicate to all stakeholders
- Leverage City funds for private investment in a revolving loan fund
- Embed cooperative development capacity in a diverse group of organizations: professionals, unions, cooperatives, community orgs, SBDC, lenders
Timeline for Cooperative Business Development initiative
- September 2014: Mayor Soglin announces a 5-year plan for funding the cooperative enterprise development initiative
- November 2014: the Madison Capital Budget includes $1 million/year for 5 years beginning in 2016
- November 2015: the amount is cut to $600,000/year for 5 years
- February 2016: RFP for the program released
- June 2016: Common Council to vote on award of contracts and programming begin
Request for Proposal Funding
Two-part RFP released by the City in early 2016:
$300,000 for a high-risk revolving loan fund
$300,000 for technical assistance, outreach, public education and coalition building
One collaborative proposal was submitted to the City by a broad coalition of financial institutions, cooperatives, labor and community organizations.
Unions and Labor partners
- WRTP Big Step (WI Regional Training Partnership)
- SCFL (South Central Federation of Labor)
- IUPAT (Painters and Allied Trades)
- SMART(Sheet Metal, Air, Rail, and Transportation)
- UFCW (United Food and Commercial Workers)
- University of Wisconsin Center for Cooperatives
- [[MadWorC]] (Madison worker co-op network)
- Madison Interpreters Cooperative
- Wisconsin Cooperative Network (statewide co-op association)
- [[Shared Capital Cooperative]]
Community financial organizations
- Madison Development Corporation
- Forward Community Investments
- Summit Credit Union
- Heartland Credit Union
Community and activist organizations
- Young, Gifted and Black
- Freedom, Inc.
- Centro Hispano
- Black Chamber of Commerce
- Latino Chamber of Commerce
- Latino Professionals Association
- Workers Justice Center
- Madison Urban Ministries
- Operation Welcome Home
- Feed Kitchen/Northside Planning Council