City launches help for groups forming co-ops
The Community Planning and Economic Development Department recently expanded its Business Technical Assistance Program to include services to support the development of new Minneapolis cooperatives. The new Co-operative Technical Assistance Program (C-TAP) will offer help to groups interested in forming new co-ops in Minneapolis.
The first C-TAP class starts May 11 and focuses on the feasibility of starting a co-op. The program includes eight classes, each lasting two hours:
- Session 1: Introduction of participants, co-op business model and participant projects.
- Session 2: Understanding and leading the development process.
- Session 3: Developing a business plan, building a sustainable co-op business enterprise.
- Session 4: Building the democratic community and co-op feasibility study.
- Session 5: Focus on financials.
- Session 6: Cooperative governance.
- Session 7: Legal framework.
- Session 8: Resources and moving forward.
The program will fully roll out over the next three years. The goals of the program:
1. Use the co-op model as an economic development tool to reduce poverty and promote social cohesion.
2. Increase the number of co-ops and the racial and ethnic diversity among co-op owners.
3. Promote innovation, community building, and local investment by promoting a more collaborative business model.
Learn more about C-TAP.
Published May 3, 2016