ARE CO-OPS THE WAY? Gibney, Shannon 457 words 1 December 2005 Black Enterprise Volume 36; Issue 5; ISSN: 00064165 English Copyright (c) 2005 Bell & Howell Information and Learning Company. All rights reserved. AROUND THE NATION Experts say cooperatives enable black communities to build wealth Scholars and community activists called for more research on cooperatives in response to a Department of Agriculture hearing in September, beseeching officials to study urban and worker-owned co-ops among different racial groups. Such research could lead to better information on the number, type, and growth of black-owned and managed co-ops. According to the National Black Business Trade Association, African Americans spend about 93% of their income outside of their communities. Many say this situation could be remedied by creating more black-owned and operated co-ops. Just how could cooperatives accomplish this? "Co-ops are an economic model that includes ownership from more than one person," says Angela Dawson, communications director for Northcountry Cooperative Development Fund in Minneapolis. "In the capitalistic model, there's one boss. But in the cooperative model, there are many. Accountability and equity, as well as risk and reward, are spread out a lot more. "The co-op model is so attractive because it's sustainable by the community," Dawson continues. "Everyone owns it, and it's perpetual. It doesn't depend on just one person and recycles back into the community." "Cooperatives can enable African Americans to have more control of their income, wealth creation, and work situation-particularly if it's a worker-owned co-op," says Jessica Gordon Nembhard, a member of the BLACK ENTERPRISE Board of Economists and professor of African American Studies at the University of Maryland, College Park. "Coops can also give workers more control over their finances and industrial labor." There are many different kinds of co-ops, including consumer-owned and workerowned. Co-ops also exist in a variety of industries, including food, housing, healthcare, credit, farming, utilities, telecommunications, and transportation. The most successful group of black co-ops is the Federation of Southern Cooperatives/ Land Assistance Fund, which is a "network of rural cooperatives, credit unions, and state associations of cooperatives and cooperative development centers in the southern United States," says Nembhard. Since 1967, the federation has helped save black ownership of $87.5 million worth of land, mobilized $50 million in resources for support of member credit unions and co-ops (particularly in sustainable agriculture), and assisted more than 700 families with $26 million worth of affordable housing units. "Specifically for minority communities and economically disadvantaged communities, co-ops are a very powerful idea because they allow us to have access," says Antonio Resell, an urban planner at Community Design Group in Minnesota. "Together, we can do many more things than we would be able to do by ourselves."
-Shannon Gibney Copyright Earl G. Graves Publishing Company, Inc. Dec 2005 For more information, Please contact: [EMAIL PROTECTED] [EMAIL PROTECTED] phone: 612.490.5291 Temporary Address: Northside Food Project C/o Minnesota Foodshare 1001 East Lake Street Minneapolis MN 55407 (Until January 2, 2006) -- ___________________________________________________ Play 100s of games for FREE! http://games.mail.com/ REMINDERS: 1. Be civil! Please read the NEW RULES at http://www.e-democracy.org/rules. If you think a member is in violation, contact the list manager at [EMAIL PROTECTED] before continuing it on the list. 2. Don't feed the troll! Ignore obvious flame-bait. For state and national discussions see: http://e-democracy.org/discuss.html For external forums, see: http://e-democracy.org/mninteract ________________________________ Minneapolis Issues Forum - A Civil City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:mpls@mnforum.org Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls
