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Massachusetts Cooperatives - What Are They & How Do They Work?
Massachusetts cooperatives, or co-ops, have been in existence for several years serving people and businesses for the betterment of the community. Cooperatives are Massachusetts businesses owned by the people who utilize them. Depending on classification, they either offer certain services or foods to those in the community. Those who are a part of a cooperative benefit by helping, not only themselves, but others as well.
They provide necessary components to the economy. For instance, agriculture cooperatives are controlled and owned by the user, typically farmers. Farmers have the ability to join what are known as marketing cooperatives and charge more for the products but less for their marketing, attracting business. Those buying the products benefit on the fact that they are purchasing fresher, healthier products.
Massachusetts Cooperatives - Group Classifications
Massachusetts Co-ops has sorted out into groups for instance;
- Marketing Cooperatives
- Purchasing Cooperatives
- Service Cooperatives
- Food Cooperatives
Within these classifications you will find more specialized cooperatives in Massachusetts such as;
- child care
- credit union
Each one of these offers inexpensive alternatives to those who are a part of the cooperative. Members have the option of electing a board of directors. The board of directors handles activities within the cooperative.
Consortium child care cooperatives are also supplied within industrial parks. This can help parents in MA place their child within a daycare that is reasonably close to their job and usually at a lower rate than most daycares. Even though it is the businesses who deliver the primary funding to start this kind of service, it still revolves back to those that own the daycare electing their own board of directors. It is the owner of the business and its members that provide all of the decisions and ultimately decide how it is ran.
A good example of how utility cooperatives can work for their members is Craw-Kan Telephone Cooperative Company. This business delivers telephone service to its members who hold shares within the company and at the end of each and every year each member receives a portion of that profit sharing. This not only encourages others to become members and pay their bill on time regularly, but also benefits both the company and those that they provide service to.
Massachusetts electric and telephone cooperatives provide their services to individuals while hearing members voices. The members can voice their concerns and suggest what they need changed as it is them who choose just what goes on within that cooperative.
Membership in Massachusetts Cooperatives
Members of a Massachusetts cooperative have a large list of responsibilities that they have to follow. They have to be sure that all the applicable laws are met and followed by its members. They must appoint or removed directors on an appropriate basis. Members must know what their cooperative provides and familiarize them self with services in order to better serve others. You must be able to meet customer satisfaction in order to run efficiently, effectively and profitably.
There are occasions when cooperatives in Massachusetts must choose to merge with other businesses in order to expand their services or dissolve on the grounds that there is not enough supply and demand of their services. The decisive role of the members can be difficult and yet it is crucial that they are well informed and capable of making those decisions.
Cooperatives in Massachusetts are an important part of people's everyday lives. By giving goods and services to their members, they are offering a mutually beneficial option. Without cooperatives, nearly 26 million people in America would be without the electric services that these places provide. Over 100 million Americans would be hard pressed to find affordable goods and services and all the net worth that these cooperatives pull in together would be lost.
It really is essential to have these in our lives in order to maintain a balance between affordable and quality in our lives. Individuals are brought together in a cooperative group in order to run a business that will provide quality services to those in need while keeping the ability to make decisions about their company as a whole. That is what makes Massachusetts cooperatives so unique amongst the rest in the world today.