What Is a Cooperative? How Boone County Could Benefit from a Community-Owned Model

Boone County Economy

A Community-Driven Way of Doing Business

A cooperative, or co-op, is more than just a business. It’s a model built on local ownership, shared responsibility, and community benefit. Unlike traditional companies driven by outside investors, a co-op is owned by the very people who use it. That means decisions are made democratically and profits are reinvested to serve members and the community.

At its core, a cooperative exists to meet the economic, social, and cultural needs of its members. That could mean anything from access to groceries, affordable childcare, or value-added agricultural markets. Whatever the community decides is most important.

The Principles That Guide Cooperatives

Cooperatives around the world follow the same principles, which make them uniquely community-centered:

  • Voluntary & open membership – anyone who shares the need can join.
  • Democratic control – one member, one vote.
  • Member participation – profits are shared or reinvested locally.
  • Education & training – members and leaders learn how to keep the co-op strong.
  • Concern for community – co-ops focus on long-term community impact.

What Could a Co-op Look Like in Boone County?

Every community has unique needs, and in Boone County, a cooperative could take many forms. Imagine:

  • A community grocery store that ensures access to fresh food, even in smaller towns.
  • A childcare cooperative where families and providers work together to make quality care accessible and affordable.
  • An agricultural marketing co-op that helps local farmers capture more value for the crops and cattle they raise.
  • A wellness or fitness co-op owned by members who want local access to health and recreation opportunities.
  • A housing co-op that creates affordable living options for young families and seniors alike.

 

Each of these models would be owned by Boone County residents and shaped by what our community values most.

Why It Matters for Boone County

Starting a cooperative isn’t just about filling a need. It’s about keeping ownership, dollars, and decision-making right here at home. Co-ops create stability, strengthen local economies, and build a sense of shared pride.

The Nebraska Cooperative Development Center (NCDC) at UNL provides the resources, training, and support to help communities like ours turn cooperative ideas into real businesses. Boone County has the passion and the people. It could be the perfect place for the next cooperative success story.

Want to learn more? Visit NCDC at UNL to explore how a co-op could benefit Boone County and spark new opportunities for our communities.

How BCDA Can Help

At BCDA, we’re here to help Boone County residents turn cooperative ideas into reality. Through our Energizing Entrepreneurs program, we provide guidance, mentorship, and $5,000 to emerging business leaders. Our gap financing program can help secure the funding needed to launch or expand a co-op, while our business planning support ensures every venture has a solid foundation for long-term success. Whether you’re exploring a community grocery, childcare cooperative, or another innovative idea, BCDA is your partner in building a stronger, more vibrant Boone County.

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