How Co-ops Work, A Better Way to do Business

How Co-ops Work, A Better Way to do Business

Find out how co-ops operate and how they continue to pave the way for a brighter, more connected future.

Since the first modern co-op was established in the U.S. in 1844, millions of employees, consumers, and service providers have started their own cooperative businesses to take ownership of their economic well-being. Find out how co-ops operate and how they continue to pave the way for a brighter, more connected future.

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SO HOW DOES A
COOPERATIVE BUSINESS WORK?

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A Co-op is a member-owned and member-controlled business that operates for the benefit of its members.

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Everyone who owns a co-op has a need for the products and services offered. The motivation is utilitarian, not for financial gain.

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Members democratically decide the direction and operations of the business with one vote each.

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A co-op aims to deliver the greatest benefit to
ALL OF ITS MEMBERS.

INVESTOR-OWNED CORPORATION

Stockholders own it, a board of directors controls it, and the general public buys the end product.

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Goal is to maximize profits

VS

MEMBER-OWNED COOPERATIVE BUSINESS

The members of the co-op own, control, and use the products and services of the co-op.

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Goal is to provide members and customers with the best possible product or service at the best price.

CO_OPS CREATE SUSTAINABLE EMPLOYMENT

u.s. co-ops directly provide over

850,000 JOBS
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and are responsible for a total of

2 MILLION JOBS
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Co-ops are responsible for more than $74 billion per year in wages.

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Co-ops create nearly $500 billion in revenue per year.

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30,000 co-ops
provide jobs to Americans.

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6/10 millennials named a sense of purpose as one reason they accepted a job with their current employer.

CO-OPSGIVE BACK
 
  TO THEIR  
 
COMMUNITIES

Credit unions and co-ops spend revenue almost exclusively locally.

Maximizing member benefits helps to keep prices low for local buyers while also ensuring high-quality products.

Co-op members and owners invest in social benefits, outreach programs, and local charities to help their families thrive.

For every $1,000 spent at a food co-op, $1,606 in collective services, growth, and benefits goes toward the local community and economy

(The Benefits and Impacts of Cooperatives)
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Co-ops are the way of the
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future 
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An ever-increasing efficiency in business among co-ops leads to an understanding of the longevity of cooperative business methods.

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Co-ops offer sustainable economic solutions throughout the U.S. and many countries worldwide, all contending with limited resources.

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Operating for mutual benefit rather than maximum profit at any cost is the better business model and will benefit all cooperative members.

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a co-op, invests in school and group programs for parents and educators to teach their children about health and wellness.

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These programs include free sports clinics, fundraising campaigns, and educational theatrical productions.

Cabot issues complimentary Growing Health and Wealth Activity Kits to local families to educate children on healthy food and fiscal choices.

Cabot partners with public broadcasting stations to support their endeavors in growing membership and fundraising.

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