Innovative ideas in communities of color receive $170,000 in grants

Reyna Sosa sells elote loco on the corner of 14th and Irving in Washington, DC. Reyna and other vendors are starting an online, cooperatively-owned marketplace to sell their food. [photo courtesy Capital Impact Partners]
Five innovative ideas in five cities have received a combined $170,000 in early-stage grant funding from the 2022 Co-op Innovation Awards, which aim to increase cooperative development in communities of color and communities living with low incomes.

This year’s awards, issued by Capital Impact Partners and the National Cooperative Bank, are funding projects such as enabling Cambodian refugees to have permanent affordable housing; keeping a neighborhood safe so that families and businesses can thrive; creating an online marketplace for street food vendors; teaching skilled laborers how to become upholsterers; and helping a housing cooperative move toward sustainable growth.

This year, the award pool was expanded through the participation of additional sponsors Rochdale Capital, CUNA Mutual Group, Local Government Federal Credit Union, and National Co+op Grocers, helping augment the award opportunities by $50,000.

Meet this year’s recipients

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