community wealth building - a new model
Unlike traditional companies owned by a small number of owners or shareholders, the Westwood Food Cooperative will be owned by hundreds, possibly thousands, of members. Unlike traditional companies, no matter how much an owner invests in the company, they have the same vote as everyone else. And unlike traditional companies, profits aren't extracted from communities, consumers, and workers in order to pay higher shareholder profits. The Westwood Food Cooperative keeps profits in the community.
This is a form of community wealth building - an approach to building wealth that is locally owned and locally controlled.
We believe this is a powerful model for change.