Cooperative Ownership: Residential, Commercial and Community Facility Models By: Ramon Leon John Flory.

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Presentation transcript:

Cooperative Ownership: Residential, Commercial and Community Facility Models By: Ramon Leon John Flory

Cooperativa Mercado Central Story Picture: Mercado Central 2008

Cooperativa Mercado Central Story a.Asset Based Community Organizing. b.Alliance with development agencies. d. Selection of members. e. Democratic operating procedures. c. Creation of cooperative to enable entrepreneurs to purchase the building in the future. Picture: Business Class 1996

Picture: Mercado Central 1999

MERCADO CENTRAL FACTS a.45 Businesses operating. b.0% vacancy on the last 9 years. c.Incubator of businesses and leaders. d.Estimated Annual sales $10 million. e.1600 clients per day. f.165 employees (not including business owners). Picture: Mercado Central 2008

45 BUSINESSES OPERATING

Benefits of Establishing a co-operative a.Combines scarce resources from many individuals into a significant investment with financial impact. b.Establishes ownership. c.Creates a community base. d.Opens participation to a broad. representation of the community. e.Develops leadership in the community. Picture: Mercado Central 2006

Impact of the Co-operative Structure a.Development of a community based institution. b.Business success while retaining responsibility to the origins. c.Positive public exposure for immigrants / positive role model. d.Creation of a member based Latino business development organization. Picture: Bakery at the Mercado Central

Challenges of a Co-operative Structure a.Places more responsibility on the Developer / Sponsoring Organization. b.Provides Opportunities for conflict. c.Diminishes entrepreneurial spirit.

Cooperative Ownership: Residential, Commercial and Community Facility Models By: Ramon Leon John Flory