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SPECIAL: The deal between Mondragon and the United Steelworkers

Oct. 27, 2009: The United Steelworkers (USW) and MONDRAGON Internacional, S.A. today announced a framework agreement for collaboration in establishing MONDRAGON cooperatives in the manufacturing sector within the United States and Canada.

Go to GEO's meta-page on this historic agreement

Financing & Financial Services

Equal Exchange creating capital for new co-ops

Equal Exchange, one of the largest and most successful worker co-operatives in the United States, is pioneering a model to provide capital for new co-ops.
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A Participatory Credit Union for Worker Cooperatives

By Ajowa Nzinga Ifateyo

Credit: www.fao.orgIn order to compete in a corporations-dominated economy, worker cooperatives need millions of dollars to finance large-scale businesses in manufacturing and production.

"That's the hole in the cooperative movement which there needs to be some infrastructure for," said Michael Leung, of Somerville, MA, who last year earned a doctorate in Physics from Princeton University. "I don't personally see a way where co-ops have the mechanism for large-scale growth."

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Raising Capital for Worker Cooperatives

By John W. Lawrence

At the National Conference of Democratic Workplaces, two workshops focused on the challenges of raising capital for worker cooperatives. The first workshop presented a series of case studies of innovative strategies for raising capital. In the second workshop "Building Community Wealth," lenders and foundations with a track record of investing in worker cooperatives described their mission.

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