Community: A Co-op's Largest Contribution
Keep it Local, Keep it Here!
A Community Owned Cooperative is the business model that delivers the best opportunity to achieve a Sustainable Old Creamery, to keep jobs in the local economy, source products from local suppliers, and provide maximum economic, social, and spiritual value to this community we love.
A study conducted in the Andersonville section of Chicago shows that $100 spent in locally owned businesses keeps $68 in the local economy. That same $100 spent in a locally based chain store only returns $43 to the local economy. $100 spent on-line ALL leaves the local economy. DOWNLOAD this graphic for details of where the money goes.
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So Many Communities Served!
- U.S. cooperatives serve 130 million members, 42% of all Americans.
- About 30 percent of all farmers’ products in the United States are marketed through more than 3,000 producer-owned cooperatives.
- Borrower-owned Farm Credit associations supply financing for more than 30 percent of the U.S. agriculture industry.
- Over 7,500 member-owned credit unions provide financial services to 91 million U.S. consumers.
- More than 29,000 cooperatives operate in every sector of the American economy and in every congressional district; Americans hold over 350 million co-op memberships (many of us are members of more than one co-op).
- U.S. cooperatives employ 2 million people, have annual sales of $652 billion and assets of $3 trillion.
- More than 900 rural electric co-ops deliver electricity to more than 42 million people in 47 states. This makes up 42 percent of the nation's electric distribution lines and covers 75 percent of our country's land mass.