What Technology Funding Covers (and Excludes)
GrantID: 57305
Grant Funding Amount Low: $5,000
Deadline: Ongoing
Grant Amount High: $5,000
Summary
Explore related grant categories to find additional funding opportunities aligned with this program:
Community Development & Services grants, Community/Economic Development grants, Income Security & Social Services grants, Non-Profit Support Services grants.
Grant Overview
Developing Co-Operative Business Models
Scope of Funding
The initiative focuses on establishing cooperative businesses in North Dakota’s underserved communities, emphasizing collective ownership, shared profits, and local empowerment. Areas supported include worker cooperatives, consumer cooperatives, and community-supported agriculture. Excluded from funding are individual entrepreneurship ventures, franchises, and non-local enterprises.
In past scenarios, a group of local farmers collaborated to create a cooperative, pooling resources to streamline production and distribution, which enhanced their market reach and increased profitability. Another example is a worker cooperative formed by a group of artisans that revitalized their neighborhood, turning craftsmanship into a shared-source income, thus fostering local economic development and job creation.
Who Should Apply?
Organizations looking to create or expand cooperative business models should apply for this funding. These could include non-profits aiming to enhance local economic participation or community groups ready to form a cooperative structure. Conversely, for-profit entities solely focused on individual gain, or those unwilling to adopt the cooperative principles of shared ownership or consensus, should not apply.
Alignment and Success Factors
Successful applicants will likely demonstrate a clear understanding of cooperative principles and a commitment to community engagement. Additionally, aligning with local development priorities and showing potential for job creation and economic resilience will strengthen applications. The initiative aims to reward efforts that genuinely involve community members in decision-making processes while challenging the more traditional, hierarchical business models.
Eligible Regions
Interests
Eligible Requirements
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