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Nebraska Cooperative Development Center

Nebraska Cooperative Development Center. Homemade, Homegrown, Hometown!! Jim Crandall and Elaine Cranford Cooperative Business Development Specialists crandall3@unl.edu ecranford2@unl.edu. Brief Discussion Topics. Cooperative Businesses Enterprises (Multi-owner)

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Nebraska Cooperative Development Center

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  1. Nebraska Cooperative Development Center Homemade, Homegrown, Hometown!! Jim Crandall and Elaine Cranford Cooperative Business Development Specialists crandall3@unl.eduecranford2@unl.edu

  2. Brief Discussion Topics • Cooperative Businesses Enterprises (Multi-owner) • Characteristics of Cooperatively Owned Businesses • Programs Provided by the UNL Nebraska Cooperative Development Center

  3. Business Entities in Nebraska • Sole Proprietor • General Partnership • Limited Partnership • Limited Liability Partnership • Corporation • “S” Corp • “C” Corp

  4. Business Entities in Nebraska • Limited Liability Company • Cooperative • Limited Cooperative Association

  5. Cooperatives Are a Type of Corporation • Multiple owners who are user members • Variety of goods and services • Physical facilities • State chartered • Members are investors • Owned and controlled by members who use its services

  6. Cooperatives Have Unique Principles User - Owner User - Control User - Benefit

  7. User-Owner Principle The people who own and finance the business are those who use it.

  8. User-Owner Principle • Investment in the business is to provide access to services • Investment is not to realize a financial return on that investment

  9. Business Functions Three Core Functions • Marketing - extend control of members’ products through processing, distribution, and sale • Purchasing - providing affordable supplies and goods • Service - provide needed services

  10. Cooperative Ownership in a community • Provide critical services • Capitalize on community pride • Provide new entrepreneurship opportunities • Community ownership-cooperative ownership • Owners/consumers shop at home

  11. Cooperatively Owned Businesses • Working together shares talents, skills, and resources of several individual owners • Working together spreads financial risk • Working together broadens the market access

  12. Food Related business development • Mitchell Local Food Coop • FROGS-First Rural Organic Grocery Store • Nebraska Food Cooperative • Good Fresh Local, UNL Dining Hall

  13. Nebraska Cooperative Development Center • Organizational hub at UNL Dept. of Ag. Economics-Extension • Mission: To help keep people in rural areas by helping them improve their income through group business creation.

  14. NCDC Programs • Helping clients go through the steps in forming a new business • Meet with individual groups from beginning to end • Connecting groups to resources • Technical resources • Legal • Financial

  15. NCDC Programs • Providing technical assistance to groups • Group Facilitation • Business Planning • Feasibility • Market analysis • Education and Training • Business creation • Member recruitment

  16. NCDC Team Dr. Larry Van Tassell, UNL Executive Director Department of Ag Economics Jim Crandall, NCDC Cooperative Business Development Specialist Elaine Cranford, NCDC Cooperative Business Development Specialist Billene Nemec, Buy Fresh Buy Local Coordinator Linda Tesch, Administrative Assistant Amanda Bergstrom, Graduate Assistant

  17. Nebraska Cooperative Development Center Turning you Idea Into A Profitable Reality Jim Crandall and Elaine Cranford Cooperative Business Development Specialists crandall3@unl.eduecranford2@unl.edu 308-995-3889 402-472-1748

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