Worker Ownership Fund
Northcountry Cooperative Developemnt Fun
 
 
 
 
 
 
 
 

 

 

The Worker Ownership Fund (WOF) is a fund managed by Northcountry Cooperative Development Fund (NCDF) on behalf of the U.S. Federation of Worker Cooperatives (USFWC), to increase access to financing for start-up and existing worker-owned cooperatives.

NCDF and the USFWC understand the business structure of worker-owned cooperatives in a way that traditional lenders can't, and not only offer a new financing option for co-ops, but technical assistance and mentorship so that cooperatives can better develop a viable business plan and loan application. 


For more information on the Worker Ownership Fund, please call (612) 331-9103 or email info@ncdf.coop . For more information about the U.S. Federation of Worker Cooperatives, please visit their website at www.usworker.coop .

Lending Priorities
Loans/investments will only be made if they satisfy the sound business standards/criteria developed through the experience and expertise of the host loan fund.  That said, the following are additional social criteria that will be taken into account in deciding which sound business applications to favor with financing:

  • Democratic Job Creation. The topmost priority is democratic job creation.  Applications will be favored in direct proportion to the number of democratic jobs they promise to create.  Long-term job creation will be considered; thus a project intended to serve as a foundation for further cooperative developments would receive favorable consideration over a stand-alone project.

  • Democratic Enterprise in Low-income and Underrepresented Communities.  Business plans that will create democratic jobs in low-income communities and communities currently underrepresented in the worker cooperative movement (e.g., African-American) will receive favorable consideration.

  • Safeguards Regarding Cooperative Longevity.  Cooperative applicants will be favored to the extent that they include mechanisms to preserve the affordability/accessibility of membership by people of limited means and safeguards against the conversion of the business and its assets to conventional ownership.

  • Democratic Operation.  Applying cooperatives will receive favorable consideration commensurate to the (anticipated or existing) levels of democratic participation of their workers in business operation.  In addition to the standard elements, business plans for start-ups will be expected to include a plan for democratic organizational development and education.

  • United States.  Lending/investments will be focused in the United States.  However, collaborative projects with such partners as the Canadian Worker Co-op Capital Fund could be considered for cooperative enterprises that cross borders.

  • Projects Disfavored by Conventional Lenders/Investors.  Priority will be given to projects that, although sound from a business perspective, would receive unfavorable consideration from conventional lenders.  Whenever possible, the backing of the dedicated fund will be used to leverage support from other lenders/investors in the interests of furthering democratic job creation.

Loan Application

Worker Ownership Links

Publications/Videos/Etc.

Steps to Starting a Worker Cooperative, Cooperando, The Cooperative Incorporation Sourcebook, and the rest of The University of California Center for Cooperatives library.  The California Center is defunct, but a website is maintained which includes free downloadable versions of their cooperative publications. 

In Good Company: The Guide to Cooperative Employee OwnershipPart of the Cooperative Toolbox Series from Northcountry Cooperative Development Fund, this publication can be downloaded for free.

Putting Democracy to Work: A Practical Guide for Starting Worker-Owned Businesses; Illustrated Guide to the Internal Capital Accounts System; and other publications in the ICA Group library. Putting Democracy to Work is one of only a couple full-length books in English on the subject of starting worker-owned companies.  It and other how-to publications can be purchased through ICA Group.

We Own It:  Starting & Managing Cooperative & Employee Owned Ventures:  Unfortunately, this book written by an attorney and two accountants, which is particularly strong on technical issues, is out of print; but it can often be found through internet resellers.

This video can be informative and a useful orientation/recruitment tool for potential cooperative members.

Beyond The Bottom Line:  A 2003 half-hour documentary featuring a variety of worker cooperatives throughout the United States, made by Headlamp Pictures for public television.  It can be purchased through Headlamp Pictures.

Listserves and Blogs for Seeking Answers to All Your Worker Cooperative Questions

Workercoop listserv.  This is a listserv with a couple hundred subscribers who are members of worker cooperatives or technical assistance agencies.  Someone is the planning stages for a cooperative can subscribe to the listserv in order to post questions.  The listserv is moderated by the U.S. Federation of Worker Cooperatives.   

Workerownedcoop listserv. A listserv with a less restricted focus and membership than workercoop listserv. 

Programmercoops listserv

OURbiz.   “A bimonthly weblog for worker-owners by worker-owners,” maintained by the Southern Appalacian Center for Cooperative Ownership. 

Worker Coops and Unions, Working Together.

The Worker's Paradise.  A blog maintained by a member at Union Cab cooperative and a student at the St. Mary’s University Masters of Management – Co-operatives and Credit Union program.

Cooperative Support Organizations

The U.S. Federation of Worker Cooperatives

Forward Minnesota (or, the Federation of Workplace Democracies in Minnesota)

The Network of Bay Area Worker Cooperatives.  The San Francisco Bay Area, that is. 

The Valley Alliance of Worker Cooperatives.  That’s the Pioneer Valley of Western Massachusetts.  In Boston there is WORCN (the Worker-Owned and Run Cooperative Network), although it’s unclear how active they are, and seem to have no current web presence. 

The Federation of Southern Cooperatives Their membership is primarily comprised of agricultural cooperatives and credit unions. 

The Data Commons Project  If there is no regional worker cooperative network to hook-up with in your area, you may find this on-line directory of North American worker cooperatives a helpful means for finding like-minded social entrepreneurs.

The Eastern Conference for Workplace Democracy.  Holds conferences on alternating years from the U.S. Federation of Worker Cooperatives.  The Eastern conference falls on the odd-numbered years.

The Western Worker Cooperative Conference.  Holds conferences on alternating years from the U.S. Federation of Worker Cooperatives.  The Western conference falls on the odd-numbered years.

The National Cooperative Business Association. The U.S. trade association for all kinds of cooperatives, including worker cooperatives. 

The North American Students of Cooperation.  Membership is comprised primarily of housing cooperatives but NASCO has some worker cooperative membership and is giving increasing attention to worker cooperatives in their conferences/training.

The Paraprofessional Healthcare Institute.  A resource center affiliated with three large home healthcare worker cooperatives in the Northeast. 

EdVisions.  A group of charter school cooperatives based in Minnesota.

EducationEvolving.  While based in Minnesota and associatied with EdVisions, EducationEvolving is a broader resource regarding teacher-run schools. 

WAGES (Women's Action to Gain Economic Security).  An incubator/resource center for non-toxic house cleaning cooperatives in the San Francisco Bay Area (and possibly beyond). 

Green Worker Cooperatives. A South Bronx-based organization dedicated to incubating worker-owned and environmentally friendly cooperatives in the South Bronx. 

People's Grocery.  An organization taking a cooperative approach to bringing healthy food and economic democracy to West Oakland; they currently operate organic urban farms and are working towards creating a worker-cooperative retail food market. 

The Association of Arizmendi Cooperatives. A San-Francisco-Bay-Area-based organization dedicated to creating more democratic jobs by replicating successful worker cooperatives; it is currently comprised of four bakery-pizzeria cooperatives and a technical assistance cooperative. 

The Southern AppalacianCenter for Cooperative Ownership (SACCO).  They maintain OURbiz, “a bimonthly weblog for worker-owners by worker-owners” that can be found at www.ourbiz.biz/.

ICA Group.  A nationwide provider of technical assistance to worker cooperatives and ESOPs. 

Ownership Associates.  A nationwide provider of technical assistance to worker cooperatives and ESOPs. 

The Cooperative Development Institute is a Northeastern-based provider of cooperative business education, training and technical assistance for the entire range of cooperatives.

Cooperative Development Services.  CDS is a nonprofit organization created and governed by the cooperative community of the Upper Midwest for the purpose of developing cooperative businesses in all sectors of the economy.

The National Society of Accountants for Cooperatives

The University of Wisconsin Center for Cooperatives. Maintains a comprehensive website providing information regarding the full range of cooperatives.  

The Ohio Employee Ownership Center. Their website is an excellent resource on Employee Stock Ownership Plans (ESOPs) and, to a lesser extent, worker cooperatives. 

 


Copyright © Northcountry Cooperative Development Fund
219 Main Street SE, Suite 500, Minneapolis, MN 55414
Office Phone: (612) 331-9103; fax: (612) 331-9145; general e-mail: info@ncdf.coop