AB 816 PASSED BECAUSE OF YOUR SUPPORT!
Because so many of you signed the Coalition's petition below the legislators in Sacramento knew that their constituents, YOU, wanted to see more cooperative enterprises take root in California!
What is AB 816?
AB 816 will help small businesses, create jobs, and empower California communities by providing a business entity specifically for worker cooperatives within the existing Consumer Cooperative Corporations Law.
Read a detailed summary of the bill prepared by the California Worker Cooperative Policy Coalition.
How did people like you get involved?
They signed our petition below! We took the petition signatures to the California State Capital and told the assembly members and State Senators Californians wanted clearer paths to creating economic democracy at home!
AB 816: The California Worker Cooperative Act
AB 816 clarifies that the existing Cooperative Law applies to cooperatives in general, not just consumer cooperatives. It also creates more visibility for worker cooperatives and provides a framework for worker cooperative business formation. Worker cooperatives that organize under the amended Coop Law may elect to be governed as a worker cooperative, ensuring that workers will control the business in the future. AB 816 also raises the existing exemption from securities registration for the sale of memberships up to $1,000 (the current law only allows $300). That means you can crowdfund from your local community to invest (that's right, not donate, but actually invest!) in the creation and expansion of democratic, worker-owned businesses! AB 816 also provides strict guidelines for those outside investors regarding voting power and influence on the business.
AB 816 Provisions
Read the full current bill language and record of amendments.
We held an informational session regarding the 2015 Worker Cooperative Act on March 3rd, 2015 and recorded it for your viewing pleasure. Watch below at your leisure!
Arizmendi Association of Cooperatives * East Bay Community Law Center * Network of Bay Area Worker Cooperatives (NoBAWC) * The Sustainable Economies Law Center * U.S. Federation of Worker Cooperatives * Democracy at Work Institute
Thank you for signing our Petition!
Those below added their names because they believe that cooperatives can build community wealth while providing just and dignified livelihoods. It was their voices that let legislatures know we not only want but demand more worker owned businesses in our communities!
NOTE: The first time you sign into SELC's website, if you uncheck "Send me email updates," you will be unsubscribed from ALL email updates from SELC.
SELC does not have the ability to text you about this campaign.