The Sacramento Bee writes about new legislation that invests in cooperatives.
Congressman Chaka Fattah (D-PA), has introduced H.R. 2437, the Creating Jobs Through Cooperatives Act.
The legislation authorizes $25 million per year through 2016 to create the National Cooperative Development Program within the US Housing and Urban Development Agency.
Fattah, who represents Philadelphia, a District abundant with cooperatives said, “Co-ops are their own kind of economic stimulus because they invest in the communities they serve by employing the people they serve.”