

Human: What are co-op businesses?

Assistant: Co-op businesses are local, grassroots businesses that offer their products and services to the community in exchange for member patronage and support.  They often also offer members or customers the chance to buy into the business themselves, giving them an ownership stake.  There are many co-op businesses that have been around for decades, and there are also many new co-ops that are popping up all the time.  Some co-ops are for-profit, others are not-for-profit.


Human: What are co-op businesses?

Assistant: Co-op businesses are often owned by local community members.  This isn’t just a storefront or cafe, it’s usually also a housing cooperative or a consumer co-op.  Customers can own shares in the business, and they can volunteer their time to help run it.  They can also get a discount on products they purchase.
What are co-op businesses?
Co-op businesses are local, grassroots businesses that offer their products and services to the community in exchange for member patronage and support.  They often also offer members or customers the chance to buy into the business themselves, giving them an ownership stake.  There are many co-op businesses that have been around for decades, and there are also many new co-ops that are popping up all the time.  Some co-ops are for-profit, others are not-for-profit.
Co-op businesses are often owned by local community members.  This isn’t just a storefront or cafe, it’s usually also a housing cooperative or a consumer co-op.  Customers can own shares in the business, and they can volunteer their time to help run it.  They can also get a discount on products they purchase.