Fiscal Note
The Cooperative Enterprise Development capital program has available budget authority of approximately $790,000. No additional City appropriation is required.
Title
SUBSTITUTE - Approving the Scope of Services for the Cooperative Enterprise Development Program for 2019 and directing staff to assist the Madison Cooperative Development Coalition (MCDC) in forming a new non-profit entity creating an Executive Board for the Madison Cooperative Development Coalition.
Body
WHEREAS, the City has invested in the creation of the Madison Cooperative Development Coalition (MCDC) to provide technical assistance and organizing for business cooperatives, and a loan fund managed by the Madison Development Corporation to provide loans to worker cooperatives (RES-16-00502); and,
WHEREAS, the Madison Development Corporation and the MCDC Madison Cooperative Development Coalition will continue to work in partnership with support from the City of Madison Economic Development Division (EDD) Office of Business Resources to accomplish the goals of the program; and,
WHEREAS, City staff recommends that changes be made to better structure and support the goals of the program including directing staff to assist MCDC in the development of a new non-profit entity the creation of an Executive Board that will include a City Staff member and additional methods of oversight; and
WHEREAS, the Cooperative Enterprise Development Program is approved in the 2019 Capital Budget and in the Capital Improvement Plan for 2020-2023.
NOW THEREFORE BE IT RESOLVED, the Common Council directs City staff from the EDD to assist MCDC, in consultation with the UW Center for Cooperatives and other interested parties, to create a new non-profit, MCDC, to move forward with the revised scope of services for the program; and,
BE IT FURTHER RESOLVED, the Common Council further directs City EDD staff to assist MCDC to approves the creation of an Interim Executive Board for the Madison Cooperative De...
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