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Archive | Evergreen Cooperatives

Local Coffee Shop Employees Take Ownership With Evergreen’s Impact Investment

(Cleveland, Oct. 27, 2020) Nationally recognized Evergreen Cooperatives, building on more than a decade of impact investing to build wealth in local communities, has once more made a strategic investment that will allow a company—this time a Northeast Ohio coffeehouse chain—to transition to employee ownership.  The Fund for Employee Ownership (TFEO), an Evergreen initiative, has […]

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Evergreen Cooperatives Becomes a member of Certified Employee-Owned

Evergreen Cooperatives, a network of employee-owned cooperatives in Cleveland, OH, announced that it has become a member of Certified Employee-Owned (Certified EO), the leading certification program for employee-owned companies in America. Evergreen Cooperatives and its family of worker-owned cooperatives is thrilled to partner with Certified EO,” said John McMicken, Chief Executive Officer of Evergreen Cooperatives. […]

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Fund for Employee Ownership Helps Local Insulation Company Become Employee Owned

Cleveland nonprofit helps local insulation company become employee-owned By: Peter Krouse | | February 20, 2020 CLEVELAND, Ohio – A Cleveland nonprofit dedicated to preserving jobs and revitalizing neighborhoods added to its portfolio of employee-owned businesses this week with the purchase of an energy-audit and insulation services company. Evergreen Cooperatives is financing the transition […]

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Social Impact Investing featuring Evergreen Cooperatives CEO John McMicken | Cleveland Foundation Video

“It’s Really Reassuring That It’s Going to Help That Initiative Sustain Over Time and Last A Lot Longer” By: Cleveland Foundation | News &?Blog | May 6, 2019 CLEVELAND, OHIO —?The Cleveland Foundation has been developing and?deploying its social impact investing program for?nearly 40 years. Their?long-term social impact investment?objective is to achieve a meaningful impact […]

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Launch of Fund for Employee Ownership Attracts Wide Media Attention | EVG Blog

In mid-November, after months of planning with our collaborators, Evergreen Cooperatives launched our Fund for Employee Ownership. This investment fund will leverage capital to strategically acquire businesses in Northeast Ohio and convert them to employee ownership, while supporting them inside the Evergreen family of businesses. You can read the announcement here, and we invite you […]

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One Of America’s Poorest Cities Has A Radical Plan To Remake Itself | HuffPost

“We’re creating pathways into the economy for people who’ve been shut out,” says Cleveland’s Evergreen Cooperative. By: Jordan Heller | HuffPost | November 27, 2018 We are in the Evergreen Cooperative Laundry, located in Cleveland’s Collinwood neighborhood on the east side of the city, a community that has long suffered from disinvestment. Despite her felony […]

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This New Fund Will Help Retiring Baby Boomers Turn Their Businesses Into Worker Co-Ops | Fast Company

With its new fund, the Cleveland-based Evergreen Cooperatives have a bold goal: to make it easy to transition a business to worker-ownership. By: Eillie Anzilotti | Fast Company | November 13, 2018 In May, the?Evergreen Cooperatives, a network of?worker-owned businesses?in Cleveland, took over operations of a laundry facility owned by the Cleveland Clinic. On the […]

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New Laundry Partnership With Cleveland Clinic Represents a Milestone for Evergreen Co-ops | EVG Blog

Like most fledgling organizations, Evergreen Cooperative Laundry (ECL) started small. When it launched in 2009, as the first of Evergreen’s three cooperatives, it had ambitious plans, but just five initial clients. By earlier this year, however, ECL had grown to an $8 million operation. But an exciting new partnership with the Cleveland Clinic, which will […]

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