A Community Mission…
The Assabet Village Co-op Market is an initiative to open a community-owned, full-service grocery store in Maynard, Mass., serving the Metro West region. Our mission is to:
• support the regional food system
• strengthen the local economy
• promote the well-being of our Members, our community, and the environment and
• be a center of community activity
With Community Impact
So, what’s to love about food co-ops? For starters, co-ops source from local farms, increasing access to fresh, local food and building a thriving local economy. For every $1,000 spent at a co-op, $1,600 is generated in the local economy.
And the list goes on. From farms to our families’ health to the environment, co-ops make significant, meaningful impacts in their host communities. Check out the stats on the right and watch these great videos to hear more!
You might also like this video produced by the International Labor Organization (ILO). It gives an inspiring overview of what a cooperative is.
The Seven Principles of Co-ops:
1. Voluntary and Open Membership Cooperatives are voluntary organizations, open to all people able to use its services and willing to accept the rights and responsibilities of membership, without discrimination.
2. Democratic Member Control Cooperatives are democratic organizations controlled by their members—those who buy the goods or use the services of the cooperative, and who actively participate in setting policies and making decisions. One member = one vote.
3. Members’ Economic Participation Members contribute equally to, and democratically control, the capital of the cooperative. Profits are distributed back to members in proportion to the business they conduct with the cooperative rather than on the capital invested.
4. Autonomy and Independence Cooperatives are autonomous organizations controlled by their members. If the co-op enters into agreements with other organizations or raises capital from external sources, they do so based on terms that ensure democratic control by the members and maintain the cooperative’s autonomy.
5. Education, Training and Information Cooperatives provide education and training for members, elected representatives, managers and employees so they can contribute effectively to the development of their cooperative. They also inform the general public about the nature and benefits of cooperatives.
6. Cooperation among Cooperatives Cooperatives serve their members most effectively and strengthen the cooperative movement by working together.
7. Concern for Community While focusing on member needs, cooperatives work for the sustainable development of communities through policies and programs accepted by the members.