Capital For Cooperatives Program - Statewide
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Worker cooperatives often need specialized support to achieve business sustainability and growth. We're here to help.
Through funding from the Massachusetts Growth Capital Corporation and in partnership with the Fund for Jobs Worth Owning, we are pleased to offer expanded services and capital resources for worker cooperatives in Massachusetts through June 2023.
Program participants will receive a needs assessment and a custom package of services focusing on the following areas:- Cooperative governance & decision making
- Business financial planning for growth & sustainability
- Loan readiness coaching, support in securing financing or a line of credit
- Management consulting
Eligibility:
- Be a worker cooperative incorporated as an LLC or S Corp (check entity info) located in Massachusetts
- Have at least one year of operation
- Have three or more worker-owners
- Priority is given to businesses with 40% or more BIPOC representation (black, indigenous, people of color)
"Strengthening our Commonwealth and Common Prosperity
Through Employee Ownership"
Application and Service Process
**We have limited slots available to provide technical assistance to startups in operation for one year or less. Please contact Shavon Prophet for more information at sprophet@icagroup.org
Please complete the application to the best of your ability. We'll let you know within three business days whether you've advanced in the application process and to schedule an interview.
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