Emergence and Growth of Community Supported Enterprises
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Local development agencies organize groups of residents to invest in business ventures commonly known as Community Supported Enterprises or Businesses. These ventures are often motivated by the potential loss of a grocery store, restaurant, or other establishment considered vital to quality of life in the community. Motivated by a need to maintain or build social capital, a group of residents pool their investments to purchase a building or on-going establishment and then hire an operator to manage the business with returns paid to the organizing agency. These agencies may be a nonprofit, LLC, Cooperative or other type of organization. Emergence and Support of Community Supported Enterprises is a North Central Regional Center for Rural Development funded project that examines how CSEs are organized and operate in several states. It involves a collaborative effort between the Center for Governmental Studies, University of Wisconsin Extensive, and Michigan State Extension.