NCBA Celebrates Economic and Social Impact of Co-ops With International Day of Cooperatives
July 7 Recognition Highlights Work of Cooperatives in US and Abroad
July 06, 2012 --
WASHINGTON, DC -- (Marketwire) -- 07/06/12 -- The National Cooperative Business Association (NCBA) is celebrating International Day of Cooperatives on July 7, and in the process, recognizing the one billion individuals that promote and practice the cooperative ideals of democracy and equality on a global scale.
In addition, the United Nations has designated 2012 the International Year of Cooperatives to celebrate the co-op business model and its positive economic impact across the globe, reminding us that it is possible to pursue both economic viability and social responsibility. The theme for both celebrations is "Cooperative Enterprises Build a Better World."
"Every day, cooperatives are making a positive a difference in the lives of people both domestically and abroad by providing alternatives and much-needed opportunities that improve lives," said Liz Bailey, interim president and chief executive officer of NCBA. "This day and the entire year give us an opportunity to raise awareness for the great impact cooperatives make and invite others to support the cooperative business model."
In recognition of International Day of Cooperatives, Bailey will be speaking at the Celebrate Portland Festival, the culminating event of the 2012 Community Tour. Sponsored by Cabot Creamery Cooperative, the Tour was a two-month program celebrating those who give their hearts, time and skills to strengthen communities with a 2,300-mile bike ride from Miami to Portland. Cabot also launched a Reward Volunteer app recognizing the hard work of community volunteers.
In addition, NCBA Board Chair Wilson Beebe will be marking the event by delivering remarks at the International Cooperative Conference, hosted by the Farmers Fertilizer Cooperative in India.
Cooperatives are values-based businesses, owned and democratically controlled by their members -- the people who use the co-op's services. Cooperatives return dividends to their members -- not to outside investors, as in for-profit businesses.
There are currently 29,000 US cooperatives operating in a variety of industries, including agriculture, food distribution and retailing, credit unions, housing, healthcare, energy and telecommunications. US cooperatives account for more than $3 trillion in assets, over $500 billion in total revenue, $25 billion in wages and benefits, and two million jobs.
About National Cooperative Business Association (www.ncba.coop)
About the International Year of Cooperatives (www.usa2012.coop)
About Cabot Creamery & 2012 Community Tour (www.cabotcommunitytour.com)
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