Co-op Cincy is launching the Business Legacy Fund Acquisition Program on Wednesday, June 9, 2021. The organization is searching for experienced entrepreneurs to take part in specialized training. Co-op Cincy will use the fund to support the transition of ownership of existing company to a worker-owned model, empowering the company’s most vital asset and saving critical jobs.
Individuals who are interested in being a part of the Business Legacy Fund cohort must apply. Those selected will receive immersive training from Xavier University. Individuals who successfully complete the training will receive a certificate in Cooperative Business Management, preparing them to serve as a transitional manager, helping to support the worker-owners as they take on the day-to-day operations.
The deadline to apply to be a part of the Business Legacy Fund cohort is July 15, 2021. The initial cohort will consist of 3-5 individuals with prior business ownership and/or leadership experience. The Business Legacy Fund Acquisition Program is made possible through the cooperative efforts of the Minority Business Accelerator, the Greater Cincinnati Microenterprise Initiative, the African American Chamber of Commerce, and All-In Cincinnati.
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Sep 15, 2021 update:
The Business Legacy Fund is now accepting applications from retiring or departing business owners to transition their business to worker-ownership. Learn more and how to apply here: https://www.becomeworkerowned.org/
