Monadnock Community Market Co-op joins 25 other food cooperatives and the Neighboring Food Co-op Association to celebrate and promote cooperatives in the year 2012, the International Year of Cooperatives (IYC). The year’s theme is “Cooperative Enterprises Build a Better World.”
In his announcement of the IYC, United Nations Secretary-General Ban Ki-moon stated, “Cooperatives are a reminder to the international community that it is possible to pursue both economic viability and social responsibility.”
Cooperatives are businesses that are owned and democratically controlled by their members, the people who use the co-op’s products and services or are employed by the business. Cooperatives are united by a shared set of principles and values that guide business decisions based on member need and community benefit.
Around the world, an estimated 1 billion people are members of co-ops. According to the National Cooperative Business Association (NCBA), co-ops also have a dramatic impact at the national level:
- There are nearly 30,000 co-ops in the U.S., serving more than one in every four Americans;
- Co-ops operate in every industry of the economy, from food co-ops to farmer co-ops, worker co-ops to credit unions, housing co-ops to healthcare, and insurance to energy and utilities;
- Co-ops in the United States operate 73,000 establishments that provide over 2 million jobs.
Co-ops are also important to local economies. For example, the Neighboring Food Co-op Association includes more than 25 food co-ops and start-ups with over 90,000 members and $185 million in annual revenue. Together, these co-ops employ over 1,400 people. An independent study found that the members of NFCA purchased more than $33 million in local products annually.
In the Monadnock Region, the Monadnock Community Market Co-op is celebrating the International Year of Cooperatives by opening its doors in late 2012.
“We aim to meet our community’s needs by providing a source for local and sustainably produced food while operating an environmentally and socially responsible business,” said General Manager, Michael Faber.
For more information about the International Year of Co-ops, please visit: www.nfca.coop/iyc.
The Neighboring Food Co-op Association represents more than 25 food co-ops in Vermont, New Hampshire, Massachusetts and Connecticut working together toward a shared vision of a thriving regional economy, rooted in a healthy, just and sustainable food system and a vibrant community of co-operative enterprise. For more information: www.nfca.coop.