March 2022 Newsletter

Invest in a Cooperative Economy

Our new national Direct Public Offering allows all of us to invest in building more just, inclusive, and equitable communities through investments in Shared Capital Cooperative

We’re thrilled to share that we have a new Direct Public Offering (jargon for how you can invest in Shared Capital) that makes it easier than ever. We created several investment options to meet your impact and investment goals. Anyone can invest– both non-accredited and accredited — and the minimum is only $500.

Click here to find out more about investing in Shared Capital.

To us, a Cooperative Economy is an economy built on justice, equity, and democracy. If you want to have impact, Shared Capital offers opportunities for individuals, cooperatives, impact investors, foundations, and others to invest. As always, investments provide capital to finance cooperative expansions, start-ups, and conversions for cooperatives that are making a positive impact for their members and their communities.

We have a 40-year track record of successfully financing cooperative expansions, start-ups, and conversions, in addition to stewarding investor dollars from cooperatives, individuals, impact investors, government, religious groups, businesses, and foundations. Interested? Please don’t hesitate to contact us at and (612) 767-2100.

Board Nominations closing soon!

Run for our board! Shared Capital seeks a diverse pool of candidates representing different backgrounds, experiences and geographic regions. Many different skills and expertise add value to our board, including knowledge and experience in cooperative governance, finance, lending, investing, law, marketing, member engagement, cooperative development, and CDFIs.

As a member-owned cooperative, our board of directors are nominated and elected by our members. To run for the board, an individual must receive an endorsement from a member cooperative in good standing.

Nominations are due by 12 noon Central Time, Monday, March 21. Three seats are open, all with 3-year terms. There are 10 seats nominated and elected by our member cooperatives, and 1 by our individual members. The individual member representative seat is not up for election in 2022, so only member cooperatives will vote in this year’s election.

Save the Date – Annual General Meeting May 12

Please save the date of May 12 at 12 noon CT to join us for our Annual General Meeting. More information will be coming soon.

New Loans and Members

Members of Slow Bloom Coffee Cooperative in Redlands, California.
Here are some of our recent loans:

Big Duck Studios
Brooklyn, New York
$275,000 to finance purchase of marketing agency for conversion to worker ownership

Extra Extra Pizza
Buffalo, New York
$130,000 to finance buildout and equipment for startup worker owned pizza restaurant

Fancy Tiger Crafts
Denver, Colorado
$354,000 to finance purchase of craft store for conversion to worker ownership

Flat Iron Co-op
Bellows Falls, Vermont
$20,000 to finance leasehold improvements and equipment for café reopening as a co-op

Heartsong Homecare Cooperative
Oak Harbor, Washington
$21,200 to finance startup of a homecare worker cooperative

Little Genius Daycare Center
Chapel Hill, North Carolina
$45,000 to finance startup working capital for a worker owned Spanish immersion daycare

Slow Bloom Coffee Cooperative
Redlands, California
$105,000 to finance start-up working capital and buildout of worker cooperative, union coffee shop

Please join us in welcoming our new members:

Big Duck Studios in Brooklyn, New York; Cascadia Deaf Nation in Bellingham, Washington; Extra Extra Pizza of Buffalo, New York; Fancy Tiger Crafts Co-op in Denver, Colorado; Flat Iron Co-op in Bellows Falls, Vermont;  Key Figures in Austin, Texas; Little Genius Daycare Center of Chapel Hill, North Carolina; Organic Integrity Cooperative Guild in Pouslbo, Washington; Slow Bloom Coffee Cooperative in Redlands, California; and two new individual members.

2021 At-A-Glance

Thank you to our members, partners and supporters for making 2021 a success. In 2021, Shared Capital:

  • Grew fund to over $21 million
  • Closed 19 new loans and investments totaling $2,840,800
  • 97% of our financing went to co-ops owned by people of color, low-income communities, women and LGBTQ
    • 42% of financing to co-ops owned by people of color
    • 66% of financing to co-op owned by women
  • 46 jobs created; 165 jobs maintained (FTEs)
  • Received $1,826,265 from Department of Treasury Rapid Response Program
  • Received $1,675,000 from Grow with Google Fund
  • Launched new national Direct Public Offering to make investing in co-ops easier. Check out:

Second episode of Shared Stories by Shared Capital is out

Through Shared Stories, our members tell their stories of cooperation – how they joined together to meet needs and create impact.

Pilsen Housing Co-op (PIHCO) residents are fighting gentrification, skyrocketing rents and displacement in Chicago. Karen and Enrique Leon join us for an interview and talk about PIHCO and what kind of a difference it is making for their work, their family and their financial health.

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2388 University Avenue W, Suite 300
Saint Paul, MN 55114

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