Call for hearing(s) on potential for and benefits of employee ownership transition alternative of enterprises throughout City of Chicago
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Chicago's 'Silver Tsunami' crisis threatens baby boomer-owned businesses. The resolution promotes employee ownership, including ESOPs, Worker Cooperatives, and Employee Ownership Trusts, offering quality jobs, benefits, and retirement savings, and closing the wealth gap for Black, Latino, and women workers. It acknowledges 41 privately held ESOP companies in Chicago, distributing $6.6 billion in wealth, and the Community Wealth Building Initiative's value in new businesses.
Alternate identifiers:
R2024-0009481
Sponsors
History
| Date |
Legislative body |
Action |
|
2024-07-17
|
Chicago City Council
|
Adopted
On motion of Alderperson Villegas, and unsuccessful motion to reconsider by Alderperson Mitchell, the resolution was Adopted.
| Votes for |
Votes against |
Other votes |
Yes: 50
Beale, Anthony
Burnett, Jr., Walter
Cardona, Jr., Felix
Chico, Peter
Clay, Angela
Coleman, Stephanie D.
Conway, William
Cruz, Ruth
Curtis, Derrick G.
Dowell, Pat
Ervin, Jason C.
Fuentes, Jessica L.
Gardiner, James M.
Gutierrez, Jeylu B.
Hadden, Maria E.
Hall, William E.
Harris, Michelle A.
Hopkins, Brian
Knudsen, Timothy R.
La Spata, Daniel
Lawson, Bennett R.
Lee, Nicole T.
Lopez, Raymond A.
Manaa-Hoppenworth, Leni
Martin, Matthew J.
Mitchell, Gregory I.
Mitts, Emma
Moore, David H.
Mosley, Ronnie L.
Napolitano, Anthony V.
Nugent, Samantha
O'Shea, Matthew J.
Quinn, Marty
Ramirez, Julia M.
Ramirez-Rosa, Carlos
Reilly, Brendan
Robinson, Lamont J.
Rodriguez Sanchez, Rossana
Rodriguez, Michael D.
Scott, Monique L.
Sigcho-Lopez, Byron
Silverstein, Debra L.
Sposato, Nicholas
Tabares, Silvana
Taliaferro, Chris
Taylor, Jeanette B.
Vasquez, Jr., Andre
Villegas, Gilbert
Waguespack, Scott
Yancy, Desmon C.
|
|
|
|
|
2024-07-09
|
Committee on Economic, Capital and Technology Development
|
Recommended to Pass
|
|
2024-07-09
|
Chicago City Council
|
Substituted
|
|
2024-05-22
|
Chicago City Council
|
Referred
|
|
2024-05-22
|
Chicago City Council
|
Introduced
|
Legislation text
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