Since opening in 1972, Minneapolis’ Seward Community Cooperative has been on a steady growth path. What launched with a few working volunteers has expanded to boast nearly 15,000 owners and 400 employees across multiple locations in the city.
During a recent expansion project, the Co-Op turned to its longtime partner Midwest Minnesota Community Development Corporation (MMCDC) for financing support. The CDFI provided a $8.48 million loan that enabled the Co-Op to open two new sites in urban areas with limited access to healthy food options.
Working collaboratively with private and public workforce development programs, the Co-op is also creating new living-wage jobs, with benefits, for residents in the neighborhoods surrounding their locations.