Massachusetts Center for Employee Ownership

"Strengthening our Commonwealth and Common Prosperity Through Employee Ownership"

Capital for Cooperatives Program Application

Worker cooperatives sometimes need specialized support to achieve business sustainability and growth. 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 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).

**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 following 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 schedule an interview.