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Co-op Innovation Award
Informational Webinar
January 23, 2018
Capital Impact Partners and
National Cooperative Bank
Mission: Through capital and commitment, Capital Impact
Partners helps people build communities of opportunity that
break barriers to success.
Vision: Our vision is a nation of communities of
opportunity built on a foundation of equity,
inclusiveness, and cooperation.
VISION AND MISSION
YOUR LENDER AND PARTNER
What We Do
Mission Driven Lending
• Aggregate & Direct Capital
Policy to Practice
• Fund & Program Incubation
• Partnerships & Convenings
• Cutting Edge Research
Impact Investing
• Investment Notes
• Innovative Investment Portfolio
Public Policy
• Advocate for Federal, State, &
Local Programs
How Communities Benefit
Health Care
Education
Affordable
Housing
Healthy Food
Cooperative
Development
Dignified Aging
Placed-Based
Revitalization
Address Systemic Poverty
Effect system change at scale people
have paths out of poverty
Where We Focus
Create Equity
Support equitable access to services &
opportunity regardless of race, ethnicity,
gender, income or geography
Healthy Communities
Foster connections and social supports
that strengthen links between health,
education, housing and opportunity.
Inclusive Growth
Build diverse, mixed-income
communities that promote economic
mobility & empower individuals to break
the barriers to success.
HOW WE CREATE IMPACT
STRATEGIC PILLARS
Co-op Strategic Alignment
Quality jobs
including wage
benefits, and
democratic
control.
Expands and
preserves assets
in low income
communities and
communities of
color.
Neighborhood
stability-
empowering
leaders,
providing
equitable access
to services,
recirculating
profits, and
weathering
market
variabilities.
Building
economic
opportunity that
benefits existing
residents and
preserves legacy
businesses.
Cooperative Development Impact
• Strategic Financing and Investing in
affordable housing, food, and worker co-op
sectors with a focus on low income
communities
• Policy and Partnerships which includes
strategic national conversations and deeper
work in mission aligned initiatives such as
worker co-op conversions and home care
• Innovation Award is given each year to
encourage innovation and leadership in
scaling the co-op model in low income
communities
Ecosystem
Growth
Increased funding
Growth of co-op
loan funds
New partnerships
Proven models
CIP Financing
Direct lending
Investing
CIP Activities
Grants Received
Innovation Award
Research,
analysis, design
SUPPORTING THE COOPERATIVE
MOVEMENT NATIONWIDE
•NCB delivers banking and financial services to a variety of cooperatives and like minded,
socially responsible organizations throughout the United States
•Organized under the National Consumer Cooperative Bank Act in 1978; privatized in 1981 as
a cooperative financial services company
•In 1988, expanded to a full-service, deposit-taking financial institution with the purchase of
the federally chartered savings bank, NCB, FSB
•In 2014 converted NCB,FSB to a commercial charter- National Cooperative Bank, N.A. to
expand our commercial lending products nationwide.
•Today owned by over 3,100 customers, participating in the success of NCB
•Total assets of $2.8 billion; when combined with assets managed for investors, total assets
under management over $7.7 billion
The NCB Story
NCB’s Vision & Mission
Mission
NCB will support and be an advocate for America’s
Cooperatives and their members, especially in low-
income communities, by providing innovative financial
and related services.
Vision
Partner in Innovation with America’s Cooperatives
Core Areas of Focus
• Member-owned, Member- driven organizations
• Community-owned housing such as co-ops and
community associations
• Community-driven healthcare solutions
• Retailer-owned grocers and consumer-owned
food cooperatives
• Small business cooperatives
• Consumer-owned credit unions and credit union
service organizations
• Community-focused enterprises
•In 2019, NCB committed approximately $342 million in financing, to
serve low to moderate income communities and cooperative and
community development across the United States
Corporate and Social Responsibility
Before
After
Co-op Development
• Over the past seven years, NCB has provided over
$181 million for new co-op development in the
form of loans, grants and investments.
Co-op Innovation Award
Co-op Innovation Award Purpose
● Encourage cooperative growth and development in communities of
color/ or historically disinvested communities*
● Amplify innovative models that can be replicated locally, regionally or
nationally
● Support early stage projects (not gap funding for existing projects)
● Provide catalytic capital that will attract other funders
● Support projects lead or informed by community, culturally relevant
● Support ecosystem building around different themes
*Historically disinvested communities, both urban and rural, have been affected by
biased structures and systems resulting in economic exclusion, displacement,
underemployment, and inability to create generational wealth.
Co-op Innovation Award Impact
From 2015-2018 the six grantees have:
● Leveraged their combined $200,000 in awards to secure more than
$2.9 million in additional funding from foundations, investors, and
government.
● Replicated programs regionally or nationally (3 grantees)
● Worked with with over 15 local or state governments
● Reached over 2,000 community members through training and
development
2019 Co-op Innovation Award
2019 priority was
given to community-
driven co-op
development
initiatives focused
on quality jobs,
wealth creation, and
asset building.
2019 Co-op Innovation Award
CLEAN CleanWash: $50,000
Launch a worker-owned car wash cooperative that aligns with values of worker
and environmental justice. Conduct organizing campaigns and advance policies
to expand the rights of low-wage immigrant workers.
Independent Drivers Guild (IDG): $25,000
Launch a purchasing cooperative that will reduce expenses for drivers as well as
a worker cooperative that will provide drivers with culturally appropriate meals.
Centro de Trajabadores Unidos (CTU): $25,000
Fund a dual-language, culturally appropriate, train-the-trainer curriculum for both
worker cooperative developers and individuals. Advocate for local policy that
reduces barriers for worker cooperatives locally and nationally.
Co-op Innovation Award- Eligibility
● Engaged in work to empower communities of color and/or historically
disinvested communities
● Non profit 501c3, have non-profit 501c3 fiscal sponsor, or cooperative
entity
● Previous applicants can apply (with the exception of 2019 recipients)
● No geographic restrictions within the United States
● Can be national, regional, or local organization
Co-op Innovation Award- Guidelines
● Fund projects educating new audiences on the impact and potential of
the cooperative model to disrupt income inequality, steward
community ownership, and create strong, vibrant places of opportunity
○ New audiences can include government, non-profit, business,
education, community organizations, etc.
○ Activities can include advocacy, training, programmatic, and/or
strategic partnerships
● Priority will be given to food, worker, and housing co-op sectors but all
are invited to apply
● Must apply for a specific project (not organizational general operating)
Co-op Innovation Award- Uses of Funds
● Financial projections
● Project scope and design
● Feasibility analysis
● Operational and staff costs
● Training development
● Leadership and professional development
● Conferences and meeting
● Tools and technologies
● Outreach and marketing
● Contractors or consultants
Co-op Innovation Award Timeline
● Jan 17th - Letter of inquiry released
● Jan 23 and 28- Informational webinars
● Feb 10th- Letter of inquiry deadline
● March 2nd- Decline or invite applicants to apply
● March 23rd- Application due (for groups who were invited to apply)
● April 15th- Applicants informed on final decisions
● Early May- Grant awards announced
For More Information
On-line Application Link (will have to create a free account):
https://capitalimpact.submittable.com/submit/156568/2020-co-op-
innovation-award-application
Further questions: apowers@capitalimpact.org
Capital Impact Website: www.capitalimpact.org
National Cooperative Bank Website: www.ncb.coop
Thank You

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Capital Impact Co-op Innovation Award Webinar 2020

  • 1. Co-op Innovation Award Informational Webinar January 23, 2018 Capital Impact Partners and National Cooperative Bank
  • 2. Mission: Through capital and commitment, Capital Impact Partners helps people build communities of opportunity that break barriers to success. Vision: Our vision is a nation of communities of opportunity built on a foundation of equity, inclusiveness, and cooperation. VISION AND MISSION
  • 3. YOUR LENDER AND PARTNER
  • 4. What We Do Mission Driven Lending • Aggregate & Direct Capital Policy to Practice • Fund & Program Incubation • Partnerships & Convenings • Cutting Edge Research Impact Investing • Investment Notes • Innovative Investment Portfolio Public Policy • Advocate for Federal, State, & Local Programs How Communities Benefit Health Care Education Affordable Housing Healthy Food Cooperative Development Dignified Aging Placed-Based Revitalization Address Systemic Poverty Effect system change at scale people have paths out of poverty Where We Focus Create Equity Support equitable access to services & opportunity regardless of race, ethnicity, gender, income or geography Healthy Communities Foster connections and social supports that strengthen links between health, education, housing and opportunity. Inclusive Growth Build diverse, mixed-income communities that promote economic mobility & empower individuals to break the barriers to success. HOW WE CREATE IMPACT
  • 6. Co-op Strategic Alignment Quality jobs including wage benefits, and democratic control. Expands and preserves assets in low income communities and communities of color. Neighborhood stability- empowering leaders, providing equitable access to services, recirculating profits, and weathering market variabilities. Building economic opportunity that benefits existing residents and preserves legacy businesses.
  • 7. Cooperative Development Impact • Strategic Financing and Investing in affordable housing, food, and worker co-op sectors with a focus on low income communities • Policy and Partnerships which includes strategic national conversations and deeper work in mission aligned initiatives such as worker co-op conversions and home care • Innovation Award is given each year to encourage innovation and leadership in scaling the co-op model in low income communities Ecosystem Growth Increased funding Growth of co-op loan funds New partnerships Proven models CIP Financing Direct lending Investing CIP Activities Grants Received Innovation Award Research, analysis, design
  • 9.
  • 10. •NCB delivers banking and financial services to a variety of cooperatives and like minded, socially responsible organizations throughout the United States •Organized under the National Consumer Cooperative Bank Act in 1978; privatized in 1981 as a cooperative financial services company •In 1988, expanded to a full-service, deposit-taking financial institution with the purchase of the federally chartered savings bank, NCB, FSB •In 2014 converted NCB,FSB to a commercial charter- National Cooperative Bank, N.A. to expand our commercial lending products nationwide. •Today owned by over 3,100 customers, participating in the success of NCB •Total assets of $2.8 billion; when combined with assets managed for investors, total assets under management over $7.7 billion The NCB Story
  • 11. NCB’s Vision & Mission Mission NCB will support and be an advocate for America’s Cooperatives and their members, especially in low- income communities, by providing innovative financial and related services. Vision Partner in Innovation with America’s Cooperatives
  • 12. Core Areas of Focus • Member-owned, Member- driven organizations • Community-owned housing such as co-ops and community associations • Community-driven healthcare solutions • Retailer-owned grocers and consumer-owned food cooperatives • Small business cooperatives • Consumer-owned credit unions and credit union service organizations • Community-focused enterprises
  • 13. •In 2019, NCB committed approximately $342 million in financing, to serve low to moderate income communities and cooperative and community development across the United States Corporate and Social Responsibility Before After
  • 14. Co-op Development • Over the past seven years, NCB has provided over $181 million for new co-op development in the form of loans, grants and investments.
  • 16. Co-op Innovation Award Purpose ● Encourage cooperative growth and development in communities of color/ or historically disinvested communities* ● Amplify innovative models that can be replicated locally, regionally or nationally ● Support early stage projects (not gap funding for existing projects) ● Provide catalytic capital that will attract other funders ● Support projects lead or informed by community, culturally relevant ● Support ecosystem building around different themes *Historically disinvested communities, both urban and rural, have been affected by biased structures and systems resulting in economic exclusion, displacement, underemployment, and inability to create generational wealth.
  • 17. Co-op Innovation Award Impact From 2015-2018 the six grantees have: ● Leveraged their combined $200,000 in awards to secure more than $2.9 million in additional funding from foundations, investors, and government. ● Replicated programs regionally or nationally (3 grantees) ● Worked with with over 15 local or state governments ● Reached over 2,000 community members through training and development
  • 18. 2019 Co-op Innovation Award 2019 priority was given to community- driven co-op development initiatives focused on quality jobs, wealth creation, and asset building.
  • 19. 2019 Co-op Innovation Award CLEAN CleanWash: $50,000 Launch a worker-owned car wash cooperative that aligns with values of worker and environmental justice. Conduct organizing campaigns and advance policies to expand the rights of low-wage immigrant workers. Independent Drivers Guild (IDG): $25,000 Launch a purchasing cooperative that will reduce expenses for drivers as well as a worker cooperative that will provide drivers with culturally appropriate meals. Centro de Trajabadores Unidos (CTU): $25,000 Fund a dual-language, culturally appropriate, train-the-trainer curriculum for both worker cooperative developers and individuals. Advocate for local policy that reduces barriers for worker cooperatives locally and nationally.
  • 20. Co-op Innovation Award- Eligibility ● Engaged in work to empower communities of color and/or historically disinvested communities ● Non profit 501c3, have non-profit 501c3 fiscal sponsor, or cooperative entity ● Previous applicants can apply (with the exception of 2019 recipients) ● No geographic restrictions within the United States ● Can be national, regional, or local organization
  • 21. Co-op Innovation Award- Guidelines ● Fund projects educating new audiences on the impact and potential of the cooperative model to disrupt income inequality, steward community ownership, and create strong, vibrant places of opportunity ○ New audiences can include government, non-profit, business, education, community organizations, etc. ○ Activities can include advocacy, training, programmatic, and/or strategic partnerships ● Priority will be given to food, worker, and housing co-op sectors but all are invited to apply ● Must apply for a specific project (not organizational general operating)
  • 22. Co-op Innovation Award- Uses of Funds ● Financial projections ● Project scope and design ● Feasibility analysis ● Operational and staff costs ● Training development ● Leadership and professional development ● Conferences and meeting ● Tools and technologies ● Outreach and marketing ● Contractors or consultants
  • 23. Co-op Innovation Award Timeline ● Jan 17th - Letter of inquiry released ● Jan 23 and 28- Informational webinars ● Feb 10th- Letter of inquiry deadline ● March 2nd- Decline or invite applicants to apply ● March 23rd- Application due (for groups who were invited to apply) ● April 15th- Applicants informed on final decisions ● Early May- Grant awards announced
  • 24. For More Information On-line Application Link (will have to create a free account): https://capitalimpact.submittable.com/submit/156568/2020-co-op- innovation-award-application Further questions: apowers@capitalimpact.org Capital Impact Website: www.capitalimpact.org National Cooperative Bank Website: www.ncb.coop