Members of Congress have difficulty agreeing on much these days, but a California Republican and a Wisconsin Democrat announced the formation of a bipartisan caucus to promote the cooperative business model. A top priority of the caucus will be to provide greater visibility of co-ops on Capitol Hill.
Co-ops inject $3 trillion into the U.S. economy, but the business model is mostly a mystery among the general public, according to results of a survey conducted by ORC International. Only 7 percent of 1,008 people surveyed had any significant knowledge of what co-ops do, according to the study. Only 25 percent of those surveyed identified themselves of members of co-ops, while one in three Americans were actually members.