I've been reading about this lately and am really serious about starting one. Im in Mobile AL if anyone else is interested. These links should help others who have the same interest or don't know exactly what a craft coop is...

http://www.cccd.coop/files/Steps%20to%20Starting%20a%20Worker%20Coop.pdf
http://www.shareable.net/blog/how-to-start-a-worker-co-op
http://blog.sweetgeorgiayarns.com/2008/08/the-need-for-shared-space/
http://www.ehow.com/how_10071452_start-craft-coop.html