1) Cooperatives represent a fundamental part of the economy in the provinces of Trento and Bolzano in Italy. In 2018, cooperatives accounted for 1.2% of companies and 12.6% of employment in Trento, and 1.6% of companies and 5.2% of employment in Bolzano. 2) The document discusses the potential consequences of COVID-19 on cooperatives in these provinces based on preliminary data and considerations. Sectors like social services and tourism may be impacted the most. 3) The researcher plans to further analyze medium-to-long term economic and social impacts of the pandemic on local cooperatives and families in a report in late 2021.