City of Madison - File #: 55372

• File #: 55372
• Version: 1
• Name: Cooperative Development Fund Disbursement 2019 - Freewheel, Roots4Change, Soaring Independence.
• Type: Resolution
• Status: Passed
• File created: 4/9/2019
• In control: Economic Development Division
• On agenda: 4/30/2019
• Final action: 4/30/2019
• Enactment date: 5/6/2019
• Enactment #: RES-19-00364
• Title: Approving up to $10,000 each in cooperative in development funds for Madison Freewheel Bicycle Company, Soaring Independence Home Healthcare Cooperative and Roots4Change Cooperative.
• Sponsors: Rebecca Kemble

Date	Ver.	Action By	Action	Result
4/30/2019	1	COMMON COUNCIL	Adopt	Pass
4/22/2019	1	FINANCE COMMITTEE	RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER	Pass
4/16/2019	1	COMMON COUNCIL	Refer	Pass
4/9/2019	1	Economic Development Division	Referred for Introduction

Fiscal Note
The proposed resolution awards up to $10,000 each in cooperative development funds to three organizations to help with costs related to strong worker cooperatives in the City of Madison. These contracts will be funded through the Cooperative Enterprise Development program in the Economic Development Division’s capital budget. The program has the $405,000 of available budget authority.
Title
Approving up to $10,000 each in cooperative in development funds for Madison Freewheel Bicycle Company, Soaring Independence Home Healthcare Cooperative and Roots4Change Cooperative.
Body
WHEREAS, the Common Council approved (Enactment #RES-19-00099 2/5/2019) a Scope of Services for 63% of the total funding for the technical assistance part of the Cooperative Enterprise Development Program that includes funds to be used for cooperatives in development with the condition these funds be approved by Council for distribution; and

WHEREAS, Freewheel Bicycle Company located on South Park Street, is working with the Madison Cooperative Development Coalition to convert their current business to a worker cooperative to help create stable, living wage, employment opportunities in the retail bicycle industry, an industry that has often been limited to lower wage and/or unstable employment with few or no benefits.

WHEREAS, Roots4Change Cooperative, provide the immigrant community socially just wellness services including; doula services, breastfeeding educational services and support, health education, trauma-informed training in immigrant communities, consulting on cultural competency and maternal and child health in the Latinx community and many more health and well ness services. This is a community-based effort with Centro Hispano and the Promotores. The Promotoras are the co-op owners.

WHEREAS, Soaring Independent Cooperative (SIC) is owned cooperatively by a group of African-American women who have extensive experience in the home health care industry in all aspec...