Worker
Cooperatives (Coops)
A worker cooperative (coop) is a business owned and managed by its workers. Unlike traditional companies, worker cooperatives operate on democratic principles, where each worker-member has an equal say in decision-making and shares in the business’s success.
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How it Works
Step 1
Ownership
Each worker is an equal co-owner of the business.
Step 2
Democratic Governance
Decisions are made collectively, usually following a one-member, one-vote system.
Step 3
Profit Sharing
Profits are distributed equitably among worker-members, typically based on hours worked or agreed-upon criteria.
Step 4
Membership
Workers join as members, contributing to the cooperative’s capital and committing to its principles.
Benefits of a Coop
Shared ownership and profits
Equal voice in business decisions
Job security and stability
Keeps wealth within the community
Promotes local economic growth and resilience
Encourages ethical and sustainable
business practices
Case Study: The Fishermen's Co-op Since 1944
Seafood Producers Cooperative
Seafood Producers Cooperative (SPC) is a member-owned coop of small boat hook-and-line fishermen in the North Pacific, with operations in Washington. The cooperative helps its members secure fair prices and access to processing and packaging that would otherwise be out of reach. By sharing costs and benefiting from collective ownership, SPC maximizes fishermen's earnings. The cooperative ensures consistent product availability and quality, with profits benefiting the fishermen when SPC thrives.
