What is a Co-op?
A co-op is “an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly owned and democratically controlled enterprise.” Though the structure and activities of specific co-ops may vary, most co-ops’ activities are governed by these guiding principles.
What is the Long Beach Grocery Co-op?
Long Beach Grocery Co-op will be a full-service grocery store in Long Beach CA, prioritizing affordable local, organic, and sustainable food. As a cooperative, it will be community-owned, but it will also be open for shopping to the public. Co-ops operate democratically; Owners are able to vote for the board, what happens to the profits the store will make and have regular opportunities to provide input and feedback.
What kinds of things does the Co-op carry?
The Co-op will offer produce and products that are as local, as seasonal, and as organic as possible. We will be a full-service grocery store, carrying a range of fresh food, dry & bulk goods, beverages and household products. As a one-stop shop, it will serve all of your food and household needs throughout the year.
Can anyone shop at the Co-op?
Yes, the Co-op will be open to the public for shopping. Owners of the Co-op will enjoy benefits such as discounts, priority promotions and more.
Is a food co-op a new idea?
Cooperatives have a rich history, both nationally and internationally. Our closest co-op is Co-Opportunity in Santa Monica which has been serving it’s members for almost 50 years. This site provides e-tours of Co-ops from all over the U.S.
What are the benefits of becoming an Owner/Member?
Membership equals ownership. As an Owner/Member, you have a voice in how the Co-op operates, and participate in a truly community-centric enterprise. You also receive discounts on your purchases, and patronage refunds. By joining the Co-op you put economic democracy in action.
Why should I join now instead of waiting until the store is open for shopping?
Co-op ownership means putting your dollars where your values are: the cooperative system, healthy communities and supporting local farms and businesses. Co-ops, and their money, are owned and controlled by their Owner/Members, therefore Owner/Members provide the basic capital to start the Co-op. Putting off joining the Co-op means that it takes longer for us to open our doors. By becoming a Legacy Owner/Member and joining today, you enable us to open sooner. It starts with you!
How much will it cost to own a share?
Member equity for LBGCo-op is $250.00 for a lifetime share. Owner-Members get voting rights. After the store is open your share becomes refundable. (some restrictions may apply). During profitable years members will receive a dividend on their investment.