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Forget venture capitalists: how a scrappy composting co-op found another way to get support

How can a just and sustainable society be financed in a capitalist economy?

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Laura2.jpg

CERO worker-owner Josefina Luna (second from right) after a training session with employees at a local supermarket. Credit: CERO Cooperative Inc. All rights reserved.

At age 60, when many of her friends are considering retirement, Josefina Luna is chair of the board of CERO Cooperative Inc. CERO is a five-member worker-owned cooperative on a mission to encourage composting and create jobs in the hard-up Boston neighborhoods of Roxbury, Dorchester, and East Boston. It's a small but unusually diverse team: of the five worker-owners, two are African-American, two are Latinas, and one is white. They communicate in English and Spanish. To kick-start their business, they’ve also had to learn the language of stocks and shares, but they just may have hit on a new way of raising capital for businesses owned by poor people.