Investment, Research and Training Cooperative.
Investment capital is difficult to obtain for individuals who doesn’t come for a background of stable financial growth. This unequally effects African Americans due to historically setbacks. Currently, credit measurement and asset-backed loans are use legal for-profit processes such ask credit rating, work history, address, assets protections to uphold historical discriminatory pratices.
In order for African American to get ahead, a financial institution cannot be operated purely for-profit and much be operated for the benefit of the community they serve. This community financial resource must make investments in the community they serves with an understanding that the profits potential is lower then more well-off communities but the social impact if higher then other communities.
The community fund is a donor-advised fund, funded purely by parties interested in African-American community development. Many our our members contribute a small but consistant monthly donation. This fund is used strictly for Development Of Locally-Owned Cooperative in African-American dominated community.
Primary Investments: Consumer Cooperatives
- Worker-owned cooperatives are business enterprises that are owned and governed by their employees. All worker cooperatives have two common characteristics: 1) member-owners invest in and own the business together, and share the enterprise’s profits, and 2) decision-making is democratic, with each member having one vote.
Secondary Investments: Worker Cooperatives
Secondary Investments are meant to further remove foreign bodies from our communities (Plugging The Leaks) and replace them with locally-owned worker cooperatives. This includes retail and entertainment industries.
The goals of secondary investments are to build sustainable worker-owned cooperatives and prevent money from leaving our communities. After this has been accomplished, we will begin to focus on increasing investment into our communities.
The Importance Of Expansion
Tertirary Investments are meant to provide injections into the communities it served. This means the top focus of tertiary investment is to cater to other communities spending habits and leverage these profits to solve our community problems.
The goals of secondary investments are to build worker-owned cooperative that has the ability to scale their services beyond our communties in an economically viable model.