Empowering Communities through Cooperative Ownership
Who We Are
GateBridge is a force for systemic and structural change. We act as an accelerator of community wealth building ventures that are cooperatively owned and governed by member-owners: workers, consumers, residents, producers, etc. Local member ownership and governance limits the extraction of assets from low-wealth communities to build the wealth of other communities, an important objective of any community wealth building vision. Because patron dividends derived from profits can be distributed only to member-owners and because only member-owners can vote to sell or move business assets to other communities, assets tend to stay in the local community in which the entity was formed and be used for the benefit of member-owners who reside in or near that local community. This stay-in-the-community for the benefit-of-community feature makes cooperatives ideal for advancing community-centered solutions to the ongoing crises in affordable housing, food insecurity, quality education, unemployment, healthcare, and the overall well being of the community.
We are closing the racial wealth gap
The burdens of wealth inequality disproportionately fall on low-income and minority communities. The median wealth of white people in America is ten times that of black people and eighty-one times that of black people in the nation’s capital. Black communities struggle to overcome the legacies of slavery, segregation, mass incarceration, and economic marginalization. Persistent and growing inequalities in income, home and business ownership, and inheritance widen the racial wealth gap. That’s why GateBridge takes a reparative, equity-focused, and community wealth-building approach to change.
What We Do
As an accelerator of solidarity economy/community wealth building ventures, GateBridge provides and/or orchestrates patient capital and technical support for initiatives featuring some combination of the following: one member/one vote ownership and control, sustainable wage jobs, profit sharing, economic mobility, and a commitment to building reparative local economies.
Fresh Food Access
We work tirelessly to address barriers to fresh food access in low-income, low access neighborhoods, ensuring that all community members can access culturally relevant, fresh food options at an affordable price. We believe democratically owned and governed cooperative grocery stores have a strong multiplier effect in communities and provide a superior alternative to extractive grocery store models owned and governed by investor and managerial classes outside local communities.
Through our cooperative housing initiatives, GateBridge provides pathways to owning affordable, stable, and secure housing. We believe that homeownership is a leading driver of wealth creation and provides an accessible source of capital for emergencies, home ownership, education, the launch and growth of new businesses, and the transfer of intergenerational wealth.
1 in 3 Americans are co-op members (approx. population as of 10/21/2021)
of all households use the products and services of consumer cooperatives
cooperatives operate in every sector of the U.S. economy
Join Us in Building a Just Future
At GateBridge, we invite you to be part of our journey. Together, we can break down barriers, bridge gaps, and build wealth in low-income communities. Join us in building thriving communities where residents share ownership and where the individual's full humanity, freedom, and dignity can flourish.