NCBA started a campaign to find support for legislation that will provide resources to spur the expansion and formation of cooperatives in both urban and rural areas.
Representatives Chaka Fattah (D-PA) and three co-sponsors have introduced legislation in the US House of Representatives that has the potential to spur economic development and job creation through cooperative development.
The National Cooperative Development Act would establish a National Cooperative Development Center to provide capital, training and other resources to foster cooperative development. 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.
Click on the right to read NCBA’s letter to its members and the text members should send to their representatives.