* Warning: This is an unofficial, introductory copy of the bill.
The official copy considered by the City Council is the first reader copy.
Introductory*
City of Baltimore
Council Bill R
(Resolution)
Introduced by: Councilmember Henry
A Resolution Entitled
A Council Resolution concerning
title
Worker Cooperatives Month in Baltimore - October 2018
For the purpose of declaring the month of October 2018 to be Worker Cooperatives Month in Baltimore.
body
Whereas, Worker cooperatives are local businesses that are democratically governed, provide wages and benefits above the industry average, develop leadership and management skills, and build wealth for community residents; and
Whereas, Some on the earliest worker cooperatives in the U.S. can be traced back to Baltimore - e.g., after a 1794 strike, Baltimore shoemakers organized themselves into a worker-owned shoe production facility; and
Whereas, There are over 300 worker cooperatives across the U.S., with over 3,500 worker-owners, with annual revenues exceeding $400 million; and
Whereas, Worker Cooperatives generally employ community residents, are more likely than other businesses to rely on sustainable business practices, and give back to the community, with the profits being more likely to remain and circulate within the local economy; and
Whereas, A 2017 National Center for Employee Ownership (NCEO) study found that employee ownership results in markedly higher median household net worth, greater access to benefits at work (e.g., sick leave, vacation time, etc), and a greater sense of job security; and
Whereas, Worker cooperatives foster greater equity - the average pay rati...
Click here for full text