CCWBE Report

Organization:
Project Equity
Reporting Period:
May 2024
Submitted on:
May 3, 2024
Submitted By:
Sarah Broom

TA Providers: General Questions

CWB Goals

Please provide a brief update on your progress toward your proposed CWB goals in the last reporting period:

In April, we hosted a webinar: Resilience Roundtable: Future-Proofing Your Small Business in partnerships with BREO (Business Resiliency through Employee Ownership), an initiative in collaboration with Obran Cooperative, Healthcare Anchor Network (HAN), and Project Equity. To date, we have provided one-on-one employee ownership consultations to 6 businesses in Chicago. Two of these businesses have begun an in-depth employee ownership feasibility study (a 2-4 month process). One of these businesses completed their feasibility assessment and was deemed feasible for an employee ownership transition. We will share the names of the businesses if they complete an employee ownership transition. To date, we have also provided educational events reaching the following number of individuals: January webinar: 28 individuals registered for the webinar and 9 attended. February webinar: 21 registrants, 9 attendees March webinar: 18 registrants, 6 attendees April webinar: 64 registrants, 34 attendees

What constraints or limitations, if any, did you experience in the last reporting period?

None

What opportunities, if any, did you take advantage of in the last reporting period?

Working Group Meeting

Chicago CWB Ecosystem

Did you establish new CWB relationships/partnerships in the last reporting period?

No

Please describe the relationships you established pertaining to your CWB work.

Did you collaborate with other TA providers in the last reporting period?

No

Which TA provider(s) did you work with?

Please share on behalf of whom / which projects you collaborated with the TA providers above:

Did you attend the Working Group meeting last month?

Yes

How would you rate the usefulness of the working group to your project last month? (on a scale of 1-5)

3

Optional Space

Demographic Data

Community Area(s) (select all that apply)

Community Area Participants Served in this Community Area
N/A - no participants served 0

 

Race / Ethnicity of Participants (select all that apply)

Other

 

Other Race/Ethnicity (please specify)

Unknown

 

Gender identity of Participants (select all that apply)

Unknown

 

Age Range of Participants (select all that apply)

Unknown

 

Worker Coop Work

How many sessions of one-on-one consulting to Worker Cooperatives, Conversions, or Co-op Developers did you conduct this reporting period? (e.g. one group or individual with one training provider)?

0

 

How many group workshops for Worker Cooperatives, Conversions, or Co-op Developers did you conduct this reporting period? (e.g. convenings, workshops, events, etc.)

1

 

How many hours of support to CWB Pre-Development Worker Cooperatives, Conversions, or Co-op Developers did you provide this reporting period?

0

 

How many hours of support to existing Worker Cooperatives, Conversions, or Co-op Developers did you provide this reporting period?

0

 

How many co-op businesses did you develop last reporting period? (It's okay if the answer is 0)

0

 

How many jobs were created overall last reporting period? (It's okay if the answer is 0)

0

 

Please list the Worker Cooperatives, Conversions, or Co-op Developers Organizations you worked with this reporting period.

Other

 

Other organization (please specify):

N/A

 

What type(s) of Technical Assistance did you provide to Worker Cooperatives, Conversions, or Co-op Developers this reporting period? Select all that apply.

 

Did you provide education to any Worker Cooperatives, Conversions, or Co-op Developers this reporting period?

Yes

 

How many hours of cohort education/training did you provide last month?

1

 

How many hours of popular education/outreach did you provide last month?

1

 

Number of curriculum material(s) created last month

1

 

How did you market your services and conduct outreach in the last reporting period? Select all that apply.

Social Media Marketing (e.g. Facebook, Instagram, Twitter, LinkedIn)
Email Marketing

 

What are the greatest needs that your WC clients/partners expressed in this reporting period?

Interest in conversion as a succession/exit plan

 

What are the greatest gaps in service or resources in Chicago's CWB ecosystem?

Awareness of coops as an exit/succession options among existing business owners and business advisors (i.e. exit planners,CPAs, etc.)

 

Please share any direct testimonials from Worker Cooperatives, Conversions, or Co-op Developers clients or storytelling about the impact of your work this period:

 

Please upload media (document with testimonials, photos, or video links) from WC workshops or events held.

https://ccwbe.org/wp-content/uploads/2024/05/24_04-03_webinar-deck.pdf

https://ccwbe.org/wp-content/uploads/2024/05/4.3.24-webinar-report.xlsx

 

Additional TA Support

Did your organization provide any additional TA support this reporting period that was NOT covered in the previous tabs?

Yes

 

Please describe the type(s) of organizations you supported (i.e. nonprofits, business service orgs, etc.)

The previous questions ask about technical assistance to existing worker coops & conversions. Project Equity does not serve existing worker coops, but we provide a lot of technical assistance to non-coops that want to transition to worker coops. So far, we have provided one-on-one EO technical assistance to 6 businesses in Chicago, two of which have begun a formal employee ownership feasibility assessment process. EO consultations usually involve 1-3 one hour phone calls with a business. EO feasibility assessments are usually a 2-4 month technical assistance engagement per business. We also hosted an educational webinar this month. TA hours from these activities are: 6 EO consultations = 24 hours of TA 2 EO feasibility assessments (in process) = 300 hours of TA thus far 4 EO events = 1 hour of TA to each attendee

 

How many total organizations or entities did you support (that were not covered in the previous tabs)?

34

 

How many total hours of support did you provide to these organizations?

34

 

Please share any other relevant details about the support you provided these organizations:

1 hour EO educational webinar with 34 attendees