Word: coops
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Dates: during 1960-1969
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ALTHOUGH that slate was not elected, its very existence and insistence has spurred the Coop to take some of those looks for itself and to expand its existing program wherever possible. "Perhaps these new approaches would have come about eventually, but they would have taken a lot longer." May says...
Because the Coop itself is in debt, it cannot be of very much direct monetary aid to the community. "To expand, the Coop had to borrow from local banks and the John Hancock Company. The terms of those loans expressly forbid us to invest in any other businesses," Brown explains. The Coop can, however, give about $5000 to charity each year, which it donates through the United Appeal...
...looking into ways for the Coop to help the larger community in ways other than money. Besides the proposed employment plans, the COC will attempt to set up a reciprocal agreement with area merchants, such that the Coop will recommend customers to other stores in the community if it can't supply a desired item, and vice-versa. May is quick to point out that the Coop's new ideas do not just involve the black community. "We are trying to establish more extensive relations with the whole community, which includes both black and white," says...
...direct result of the suggestions in October, the Coop very quietly in December deposited $15,000 into a savings account at the Unity Bank and Trust Company in Roxbury. Many other businesses in Boston have also shown their support by making similar deposits, yet the Coop's is larger than those of many companies with much more available capital. "We didn't publicize it," Brown says, "because we didn't want to appear as if we were patting ourselves on the back...
...Coop has far from explored all the potential means of improving itself both as a store and as a member of a larger community. But it has, at least, begun to take a long hard look at itself. No one can say how much the Coop would have actually changed if the alternate slate had been elected...