Community Owned Retail
Community owned retail can be set up as community owned, run and funded cooperative or an LLC or as a member service cooperative.
Community-owned retail are businesses owned by multiple "members" of the store. This means the customers or clients own a share in the business they use, thus providing the services they need.
Community-owned retail can be "worker cooperatives" where members are both employees of the business as well as owners of the cooperative, or "service cooperatives" where consumers have the opportunity to supply their own needs, gain bargaining power, and share earnings.
Often the idea for a community owned retail store or business arises when a community loses a local store or the need for a local store is significant.
Grocery stores are common community owned retail stores in areas known as "food deserts" which occur in towns where the commute to reach a grocery store is an hour or more one way.
Examples of community owned retail include: grocery stores, retail stores (clothing), variety stores, clinics, etc.
Successful Community Owned Retail Stories
- Project of Nebraska Cooperative Development Center
- The Nebraska Cooperative Development Center has been involved in a number of development projects across Nebraska focused on the conversion or start up of community owned stores in rural towns. Many of these projects are helping to maintain an essential service for the community, or to re-establish an essential service that the community has lost.