NEW WV

Lending Member

New Economy Works West Virginia

West Virginia

New Economy Works West Virginia (N.E.W. WV) works to provide business development support and financing to worker-owned and producer-owned cooperatives in central Appalachia. This is part of building a new economy in the region that is inclusive, democratic, and community controlled.

Recent Loans

Unity Coffee

$40,000
October 16, 2017

Startup loan

JuiceUP

$930
August 14, 2019

Basic equipment loan

Philadelphia Area Cooperative Alliance

Lending Member

Philadelphia Area Cooperative Alliance

Philadelphia, Pennsylvania

The Philadelphia Area Cooperative Alliance (PACA) is a cooperative whose members are co-ops in the Philadelphia region. Their mission is to improve the lives of people in the Philadelphia region by supporting democratically organized businesses, promoting the principles of the international cooperative movement, and growing the cooperative economy.

PACA envisions a vibrant and growing network of cooperative enterprises that operate in all sectors of the economy to build a better world—providing essential services, strengthening democratic organizations, creating quality jobs, building community wealth, reducing poverty, strengthening our local economy, protecting the environment, and increasing community engagement.

Recent Loans

Bonfire Media

$38,277
March 25, 2019

Startup capital loan

Boston Ujima Project

Lending Member

Boston Ujima Project

Boston, Massachusetts

The Boston Ujima Project is organizing neighbors, workers, business owners and investors to create a community-controlled economy in Greater Boston.

The Boston Ujima Project is an ecosystem designed to strengthen local economic control and recenter economic power in low income communities and communities of color in Boston. Ujima (oo-JEE-mah) is a Swahili word, the celebrated Kwanzaa principle for “collective work and responsibility.” Ujima is an inspiration to take responsibility for our communities, to see our neighbor’s problems as our own, and to build collective power to solve them together. Through Ujima, the Boston Ujima Project is fostering a new economy based on democracy, sustainability, and justice.

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Recent Loans

Tanám

$75,000
October 12, 2018

Equipment financing for restaurant opening

Co-op Hudson Valley

Lending Member

Co-op Hudson Valley

The Hudson Valley, New York

Co-op Hudson Valley supports workers and grassroots projects that want to start and grow cooperative businesses while working to strengthen the regional cooperative ecosystem. They do this by pairing non-extractive loans with technical assistance and coaching, which helps projects thrive. Co-op HV works with people who have been excluded from economic security to create opportunities in their own community for collective ownership and dignified work.

Recent Loans

Rock Steady Farm & Flowers

$50,000
October 1, 2019

Line of credit

Rock Steady Farm & Flowers

$14,270
May 20, 2018

Loan for a hoop house to expand production

Rock Steady Farm & Flowers

$113,400
January 1, 2017

Financing to convert the farm to worker-ownership