Community Ownership Model

The Community Ownership Model is a way of managing assets, like businesses or services, where the community collectively owns and controls them rather than private individuals or corporations. This approach encourages local participation, ensuring that decisions benefit the broader community’s interests. Profits or benefits generated are often reinvested into the community or shared among members. It promotes local engagement, transparency, and sustainable development, aiming to align the asset’s management with community needs and values rather than solely profit motives.