As the caregiver shortage continues to worsen across the nation, an alternative business model for home care workers is gaining ground thanks to a new grant project funded by the AARP Foundation.
Creating a sustainable pathway to expand home care cooperatives is one goal of the $200,000, two-year grant to Capital Impact Partners from the AARP Foundation’s Evidence-based Solutions for Vulnerable Older Adults.
The project is a national effort to scale existing home care cooperatives, which are worker-owned businesses and alternatives to traditional home care companies. Capital Impact Partners is a nonprofit community development financial institution that has disbursed more than $2 billion to revitalize communities and incubate social programs.
The project aims to support the home care workforce by studying and analyzing how to make cooperatives sustainable and scalable.
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