A food cooperative (co-op) is a grocery store that is owned and democratically controlled by its members.
Unlike traditional grocery chains driven by corporate shareholder priorities, a food co-op prioritizes community needs. These co-ops operate for the primary purpose of meeting the needs of their member-owners, with decisions regarding leadership, management, merchandising, prices, and hours of operation often chosen by these members.
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Community-owned and operated by its members—local residents, workers, and supporters.
Members invest in and help govern the store, typically by purchasing one or more shares, with investments often ranging from $100 to $2503.... This investment gives them a voice in decisions, including voting rights for the board of directors and major decisions1....
Governance is usually on a "one member, one vote" basis, regardless of the amount invested
The board of directors is elected by and accountable to the overall membership and is responsible for setting policies and strategic priorities, and hiring a general manager to run daily operations.
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Food co-ops are established to ensure access to products that benefit the community, particularly where other market models may not choose to serve the location
They focus on providing fresh, healthy, and affordable food, often emphasizing locally- and regionally-grown and sourced items. This is particularly important in areas experiencing food insecurity or classified as "food deserts" (or Low-Income, Low-Access/LILA areas), like Downtown Helena, Arkansas, where access to nutritious food is limited.
More than just a place to buy food, they are envisioned as vibrant community hubs that foster social interaction and serving other community needs.
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Food co-ops are adaptable and can be tailored to the specific needs and desires of their community, allowing for diverse product mixes (e.g., conventional goods, prepared foods, specialty items) and services beyond just groceries
The cooperative model provides access to an existing and robust supply chain and a professional network of startup and management experts, who guide the process from planning to opening and beyond. This professional support can prevent costly mistakes and is often crucial for success
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