NET Fund

Apprentice Member

New Economy of Tennessee Loan Fund

Nashville, Tennessee

The New Economy of Tennessee Loan Fund (NET Fund) is a non-extractive loan fund that supports minority worker cooperative startups and conversions. It was founded in the spring of 2019 by the Southeast Center for Cooperative Development in alliance with Free Hearts, an organization led by formerly incarcerated women that providing support, education, and advocacy to families impacted by incarceration.

Coop New Orleans

Apprentice Member

Coop New Orleans

New Orleans, Louisiana

Coop New Orleans seeks to bring together a community consortium to facilitate the start-up and development of worker-owned cooperative businesses in the region, as well as other cooperative forms such as housing cooperatives..

Higher Purpose Co

Apprentice Member

Higher Purpose Co

Mississippi
An apprentice member of Seed Commons

Higher Purpose Co is a Black-led 501c3 economic justice nonprofit working with Black people in Mississippi to build community wealth by developing financial, cultural, and political power.

Patchwork Cooperative Loan Fund

Apprentice Member

Patchwork Cooperative Loan Fund

Lexington, Kentucky

The Patchwork Cooperative Loan Fund is a community wealth fund that exists to help develop and support democratically controlled or worker-owned cooperative enterprises that serve the Lexington community. They do this through free technical assistance, “non-extractive” business loans, and building community.

Urban Upbound

Apprentice Member

Urban Upbound

New York, New York

Urban Upbound provides residents of public housing neighborhoods the tools and resources needed to achieve economic mobility and self-sufficiency.

The Federation Of Southern Cooperatives

Apprentice Member

The Federation Of Southern Cooperatives

The South

The Federation Of Southern Cooperatives is a non-profit cooperative association of black farmers, landowners, and cooperatives. Their goals are: to develop cooperatives and credit unions as a means for people to enhance the quality of their lives and improve their communities; to save, protect and expand the landholdings of Black family farmers in the South; to develop a unique and effective Rural Training and Research Center to provide information, skills, and awareness, in a cultural context, to help our members and constituents to build strong rural communities; and to develop, advocate and support public policies to benefit our membership of Black and other family farmers and the low-income rural communities where they live.

CO-OP Dayton

Apprentice Member

CO-OP Dayton

Dayton, Ohio

CO-OP Dayton is a non-profit organization founded in 2015 to develop cooperative businesses that meet community needs, whether that’s access to fresh groceries or to quality job opportunities. They believe that the cooperative model of worker ownership can transform the Dayton region by rooting jobs and businesses locally.

Cooperatives mean jobs with greater dignity and opportunities for workers to build wealth through their contributions to the business. And cooperatives mean businesses with greater accountability to the people that live and work in Dayton.

.

Repaired Nations

Apprentice Member

Repaired Nations

The Bay, California

Repaired Nations works to educate, organize, and empower low income Black youth in the Bay Area to launch cooperative enterprises for sustainable economic security through shared ownership and control of housing and businesses.

Repaired Nations creates redress for historic trends of oppression through cooperative training and development for collective ownership. Initially, Repaired Nations focuses on building wealth in Black communities by giving youth the tools needed to remain rooted: access to land and access to capital. Bookclubs, Workshops, and Trainings will educate and inspire communities to engage in cooperative effort, while giving grounded, practical skills for collective ownership.

They repair the effects of colonization and oppression by helping to weave interconnected communities into thriving, sustainable networks to equitably provide the essentials of life.

They value cooperation, simplicity, patience, and compassion, never straying from these in our pursuit of ecologically sustainable development in under-resourced communities.

.

Start.coop

Apprentice Member

Start.coop

Start.coop exists to build an ecosystem that lifts up, supports, and accelerates cooperative entrepreneurs on their business journey.  Their accelerator selects the most promising teams from across North America and provides them with training and support embedded in our rigorous business curriculum and world-class mentor community.

Start.coop is supporting a new generation of entrepreneurs who are expanding ownership in business sectors ranging from healthcare to the gig economy. They prioritize businesses that create wealth for people of color, women, immigrants and other marginalized populations.

.

Climate Justice Alliance

Lending Member

Climate Justice Alliance

The Climate Justice Alliance (CJA) helps run a cooperative loan fund project called Reinvest in Our Power. Reinvest in Our Power is a collaborative vehicle aligning groups, including CJA, to address inequity and democratize wealth by moving capital and governance from the extractive to regenerative economy.

Recent Loans

Earth-bound Building, Forestry and Farm

$32,000
October 1, 2019

Loan for truck, trailer, and rack