Q & A
Frequently asked questions about co-ops.
Q: What is the Long Beach Grocery Co-op?
A: Long Beach Grocery Co-op will be a full-service grocery store in Long Beach CA, with a priority on affordable local, organic, and sustainable food. As a cooperative, it will be member-owned, but it will also be open for shopping to the public. Co-ops operate democratically, so as member/owners are able to vote for the board and have regular opportunities to provide input and feedback.
Q: What kinds of things does the Co-op carry?
A: The Co-op will offer produce and products that are as local, as seasonal, and as organic as possible. We will be a full-service grocery store, carrying a range of fresh food, dry goods, beverages and household products. As a one-stop shop, it will serve all of your food and household needs throughout the year.
Q: Can anyone shop at the Co-op?
A: Yes, the Co-op will be open to the public for shopping. Member/Owners in the co-op will have certain privileges.
Q: Is a food co-op a new idea?
A: Cooperatives have a rich history, both nationally and internationally. Our closest co-op is Co-Opportunity in Santa Monica which has been serving it’s members for over 40 years. This site provides e-tours of co-ops from all over the U.S.
Q: What are the benefits of becoming a member?
A: Membership equals ownership. As a member, you have a voice in how the Co-op operates, and participate in a truly community-centric enterprise. You also receive a discount on your purchases, and the profits at the end of the year return to the member/owners. By joining the Co-op you put economic democracy in action.
Q: Why should I join now instead of waiting until the store is open for shopping?
A: Co-op ownership means putting your dollars where your values are: the cooperative system, healthy communities and supporting local farms and businesses. Co-ops – and their money – are owned and controlled by their member/owners, therefore members provide the basic capital to start the Co-op. Putting off joining the Co-op means that it takes longer for us to open our doors. By becoming a pioneering member/owner and joining today, you enable us to open sooner. It starts with you!
Q: How much will it cost to own a share?
A: Member equity for LBGC will be $250.00. Member/owners get voting rights. After the store is open your share becomes refundable. (some restrictions may apply). During profitable years members will receive a dividend on their investment.