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    © Larry Baumgart and www.communitydevelopmentcooperative.wordpress.com, 2012. Unauthorized use and/or duplication of this material without express and written permission from this blog’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Larry Baumgart and www.communitydevelopmentcooperative.wordpress.com with appropriate and specific direction to the original content.
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Financing the Cooperative Startup

Let’s take another approach at financing other than looking just for government subsidies and handouts with respect to addressing community aspirations.

Hopefully we’re all familiar with service clubs such as Rotary, Kiwanis, Lions, etc. who do such great things locally, regionally and internationally.  There are service clubs in demise which could be resurrected under a different tutelage.  Most communities have some sort of community center which in some cases amounts to the local watering hole or restaurant.  Think of these clubs as cooperatives which in a way they are, one member, one vote.  So, now think of having a generic community service club which anyone can join regardless of religion, race, or creed.  Can you see where I’m going with this?  All I’m doing is giving you a different perspective on what already exists to formalize the creation of a local Community Development Cooperative.  To some degree these already exist in a different form such as the local Chamber of Commerce or local trade association which really aren’t broad enough in their membership to encompass residents or in some cases businesses which may be franchised for example.  Instead of a charter the community should have a cooperative agreement perhaps even tiered to consider the difference between residents, businesses, associations and institutions with only residents having voting privileges in this case.  You may even already have a community association in place which could become the Community Development Cooperative as the economic self-sustaining center for the community or region.

Think of what service clubs do for financing and fund raising: membership fees, luncheons, silent auctions, etc.  Look at what is being spent by the community outside of the community and how much of that could be kept in the community.  What Happen$ in the Community $tay$ in the Community!


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