On Dec. 15, 2011, Representative Chaka Fattah (D-Penn.) and three co-sponsors introduced the National Cooperative Development Act, which would establish a National Cooperative Development Center to provide capital, training and other resources to foster cooperative development in both urban and rural areas. Addressing economic development though cooperative development will advance the economic stability of local areas; increase the circulation of capital locally; and develop, attract and anchor new productive capital in urban and rural underserved communities.
We need your support!
We want more co-sponsors! Please ask your Representative to demonstrate their commitment to strengthening communities and creating jobs by becoming a co-sponsor of this bill.
In your letter, tell your Representative about your co-op, make it personal to you and their district! Use the talking points available at www.campaign.coopto highlight the impact co-ops can have in their district. Tell them how the National Cooperative Development Act would help their district.
It would be a tremendous win for the cooperative movement in the United States if we could have a large number of co-sponsors for this bill—from both urban and rural areas and from both “sides of the aisle.” Especially as we near the International Year of Cooperatives, an early 2012 passage of this legislation would demonstrate America’s recognition of the social and economic benefits of cooperative enterprise.
The National Cooperative Development Center will …
- Award grants to nonprofit organizations, colleges and universities to provide technical assistance to cooperatives or groups seeking to form co-ops
- Provide guidance, best practices and technical assistance to communities seeking to establish cooperatives
- Create a revolving loan fund to provide seed capital to groups attempting to form cooperatives
- Provide funding to train providers of technical assistance and support existing professional development for organizations engaged in cooperative development
- Establish cooperative development centers in areas that do not have them
To support you…
NCBA has created text for you to include in a letter (see below). In addition, the site www.campaign.coop contains a number of resources that can support your effort, including talking points. Please visit the site.
Please send your letter as soon as possible so that we continue the momentum of Congressional support on this legislation.
Visit the US House of Representatives Directory to access the website or other contact information for your Representative.
Text for your letter
I’m writing to ask that you become a co-sponsor of the National Cooperative Development Act, which will empower Americans and strengthen communities by encouraging cooperative development in urban and rural areas.
The National Cooperative Development Act would establish a National Cooperative Development Center to provide capital, training and other resources to foster cooperative development. The Act would strengthen communities and generate jobs by spurring cooperative development and, thereby, advance the economic stability of local areas; increase the circulation of capital locally; and develop, attract and anchor new productive capital in urban and rural underserved communities.
Cooperatives are values-based, businesses owned and controlled by those that use the cooperative’s services. In the United States, more than 29,000 cooperatives operate in every sector of the economy and in every congressional district; Americans hold over 350 million co-op memberships. US cooperatives generate 2 million jobs and make a substantial contribution to the US economy with annual sales of $652 billion and possessing assets of $3 trillion.
Cooperatives operate across all sectors of the US economy and include agriculture, food distribution and retailing, childcare, credit unions, purchasing, worker-owned, housing, healthcare, energy and telecommunications cooperatives. Cooperatives promote the fullest possible participation in the economic and social development of all people.
Please become a co-sponsor of this important legislation.