Fattah introduces legislation to support co-op development

    Philadelphia’s got a number of food co-ops, incubators and community gardens. We’re definitely in the business of sharing.

    And taking a cue from two of the city’s member-owned grocery stores, Rep. Chaka Fattah, D-Phila., has drafted legislation to create a National Cooperative Development Center. It would support various types of member-owned businesses through grants, scholarships and startup guidance.
    City Paper reports the National Cooperative Development Act would allocate $25 million for the center’s creation. Chump change compared with what Fattah says co-ops offer: $3 trillion in assets, $500 billion in revenue, $25 billion in wages and benefits and 1 million jobs.

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