Page 8 - Chicago Market Community - Action Plan

PROJECT BACKGROUND

A Bit About Cooperatives

A cooperative is a business entity owned and controlled by a group of independent members (or co-owners).
Although most co-ops maintain some level of executive leadership or board of directors, they are democratic
entities, meaning that every co-owner has an equal say in the organization's operation. Additionally, members
typically benefit from participating in a co-op, sharing profits equally or based on each member's patronage.
Unlike traditional profit-driven businesses, co-ops are guided by principles and values that guide their business
decisions. As a starting point, most co-ops adopt the seven principles established by the International
Cooperative Alliance (below; ICA, 2023). Additionally, Chicago Market adopted six additional principles
into their bylaws that speak to their values and role in the community and local food system.

International Cooperative Alliance Principles: Additional Chicago Market Principles
1. Voluntary and open membership 8. Diversity, equity and inclusion
2. Democratic member control 9. Concern for ecosystems
3. Member economic participation 10. Concern for workers
4. Autonomy and independence 11. Skilled cooperative management
5. Education, training and information 12. Strategic leadership
6. Cooperation among cooperatives 13. Innovative culture
7. Concern for community

Chicago Market's Purchasing Values

In the case of Chicago Market - a food cooperative - the Board of Directors adopted a set of Purchasing
Values to guide what produce and products appear on the market's shelves. These values - we are delicious;
we are transparent; we are sustainable; we are local; we are socially responsible; we are yours - speak
to the positive impact Chicago Market hopes to have on its local economy, customer food choice, and
supply chain sustainability.

PROJECT LOCATION

The Gerber Building

Chicago Market will operate out of the recently
restored Gerber Building, a historic train station
that is turning 100 years old, in December 2023.

Located at the corner of two active commercial
streets, the Gerber Building is a beloved landmark
for the Uptown community that has sat vacant for
many decades. The property, which is owned by
the CTA, was renovated in 2018 as part of a $200
million investment in the adjacent Wilson Red Line Uptown Station (The Gerber Building) circa 1940s.
Image courtesy of CTA.

CHICAGO MARKET SUSTAINABILITY ACTION PLAN 8