This November, the Worker Owner Initiative, a part of Nexus Community Partners, officially became a technical assistance provider with the City of Minneapolis’ Cooperative Technical Assistance Program (C-TAP).
In this role, we help business owners with succession planning, share information on forming a cooperative business or refining a cooperative business model, and more. The Nexus Worker Ownership Initiative (WOI) team specializes in exploring the benefits of employee-owned business models for restructuring or as an exit strategy.
This information and training is provided free of charge, with costs covered by the City of Minneapolis. For more information on ways that WOI can support your organization, please reach out to the WOI at btsai@nexuscp.org or cnicholson@nexuscp.org.
Learn more about C-TAP below (excerpted from City of Minneapolis):
City of Minneapolis B-TAP | C-TAP Program
In 2016, the City of Minneapolis expanded its Business Technical Assistance Program (B-TAP) to include services aimed at supporting the development of new Minneapolis co-operatives by launching the Co-operative Technical Assistance Program (C-TAP).
The City desires to leverage the co-op model for maximum community benefit to:
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- Act as an economic development tool to reduce poverty and promote social cohesion.
- Increase racial and ethnic diversity, and community ownership.
- Support innovation, community building, and local investment by encouraging a more collaborative business model.