Reps. Royce and Pocan Launch Bipartisan Congressional Cooperative Business Caucus
U.S. Representative Ed Royce (R-Calif.) and U.S. Representative Mark Pocan (D-Wisc.) have announced the founding of the Congressional Cooperative Business Caucus, a bipartisan initiative to promote the cooperative business model as a method of commerce that both stimulates local economies and empowers its members.
"Cooperatives not only provide valuable goods and services to consumers around the world, they also offer their members a piece of their success,” said Rep. Royce. “As a longtime advocate of cooperative businesses, from California’s credit unions and mutual insurers to Africa’s rural electric co-ops, I look forward to highlighting the benefits these organizations provide to their communities and customers."
“Cooperatives create good paying jobs and offer employees a chance to be directly involved in business decisions,” said Rep. Pocan. “I’m proud that my District is home to thriving cooperatives from the Willie Street Food Co-Op to UW Credit Union. I look forward to working with Rep. Royce to promote greater awareness of the cooperative business model and to advocate on federal policy issues unique to the co-op community.”
“We are thrilled by the formation of this historic caucus dedicated to advancing the role of cooperatives in the nation’s economy at the federal level,” said Judy Ziewacz, interim CEO and president of the National Cooperative Business Association (NCBA) CLUSA. “We worked hard on behalf of our members and co-ops across the country to secure this caucus as an outlet for raising awareness of and advancing the cooperative business model.”
Cooperatives exist worldwide and inject $3 trillion into the U.S. economy every year. They create millions of jobs; can be found in virtually every sector of the U.S. economy; and offer solutions to meet challenging public policy needs — from affordable housing, to quality sourced food, greater access to electricity, banking and credit needs, and for early childhood learning.
To learn more about the Congressional Cooperative Business Caucus, please click here.