Cooperative Businesses

Cooperative businesses, or co-ops, are organizations owned and operated by a group of individuals who share a common goal, ensuring that everyone has an equal say in decision-making. Members pool resources to provide goods or services that benefit the group, often in areas like retail, agriculture, or housing. Profits are typically distributed among members or reinvested into the co-op. This structure promotes community involvement and support, as co-ops prioritize members' needs over external shareholders, fostering a sense of collaboration and mutual benefit. Examples include credit unions, food co-ops, and worker cooperatives.