The LOCAL Fund
Nexus is proud to have been selected to administer the LOCAL Fund, which comprises two cooperative development programs: Worker Ownership and Community Ownership. This fund was launched by the City of Saint Paul in 2024 and will continue through 2026.
Learn more by watching our information session recording, or by attending an upcoming webinar!
2025 Business Planning Webinar Series
- April 10: Concept to Business Plan
- April 24: Creating Your Cooperative
- May 8: Finance 101
- May 22: Conversion Basics
- June 5: Projections and Sources & Uses
- June 18: Access to Capital
- June 26: How to Apply for the LOCAL Fund
LOCAL Fund: Worker Ownership
The LOCAL Fund: Worker Ownership (WO) will support the development of worker cooperatives. It is a $1.25M program that includes technical assistance and grants for worker cooperative start-ups, for business conversions to worker ownership, and for existing co-ops.
Interested in learning more? Contact us today.
This project is being supported, in whole or in part, by federal award number SLFRP1612 awarded to Nexus Community Partners by the U.S. Department of the Treasury.
LOCAL Fund: Community Ownership
The LOCAL Fund: Community Ownership (CO) supports the development of shared ownership commercial real-estate in the City of Saint Paul. It is a $1.25M program that includes technical assistance and grants for predevelopment, acquisition, demolition, and rehabilitation of commercial and mixed-use vacant properties located in Qualified Census Tracts.
Interested in learning more? Contact us today.
These eligibility criteria were determined in conjunction with the City of Saint Paul and the Federal Government.
This project is being supported, in whole or in part, by federal award number SLFRP1612 awarded to Nexus Community Partners by the U.S. Department of the Treasury.
Top questions about the LOCAL Fund
To start your application, please fill out the Shared Ownership Center’s Inquiry Form.
The form gauges where your business, worker-owned cooperative, or community ownership entity are in the cooperative development process—from starting up to finalizing— and asks about your interest in the LOCAL Fund.
The Shared Ownership Center will review your response, and follow up with you about eligibility for the LOCAL Fund. If you are eligible, you will receive an invitation to apply to the LOCAL Fund.
The LOCAL Fund is open now. Applications will be accepted on a rolling basis until September 1, 2026.
Yes. The first step in the application process is completing the Shared Ownership Center’s Inquiry Form. After submission, if your business, worker-owned cooperative, or community ownership entity are eligible for the LOCAL Fund, you will receive an invitation to apply.
The LOCAL Fund application process can take anywhere from 3-6 months, from the initial inquiry through finalizing and submitting an application to receiving a grant.
Prior to being able to submit a complete application, a worker-owned cooperative or community ownership entities may need additional technical assistance.
On average, technical assistance for a worker-owned cooperative start-up takes 18 to 24 months. Technical assistance for an existing business to transition to a worker-owned cooperative generally takes about 12 to 18 months.
Technical assistance for starting a community ownership entity, like a real estate investment cooperative, roughly takes about 18 to 24 months. The actual time it takes varies based on each community ownership entity’s unique situation.