(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 […]
A Strategic Acquisition Helps an Evergreen Portfolio Company Grow
October 12, 2020 in Blog, Evergreen Cooperatives
In February 2020 BI Cooperative, a newly formed worker cooperative, received an investment from The Fund for Employee Ownership (TFEO) to acquire the assets of Berry Insulation in a move to convert the company to employee ownership. BI Cooperative recently received a follow-on investment from TFEO to complete the strategic acquisition of the assets of […]
Evergreen Cooperatives Becomes a member of Certified Employee-Owned
October 12, 2020 in Evergreen Cooperatives, News
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. […]
An Exit Option for Business Owners, With No Pandemic Penalty
June 9, 2020 in Blog, Fund for Employee Ownership
The coronavirus pandemic is like nothing we’ve ever experienced in our lifetime. A simultaneous public health crisis and economic catastrophe, it has hobbled most businesses in unprecedented ways, by suddenly evaporating demand in many industries. And if you’re part of the cohort that owns your own business and you’re coming to the age when you’re […]
Fund for Employee Ownership Helps Local Insulation Company Become Employee Owned
March 2, 2020 in Evergreen Cooperatives, News
Cleveland nonprofit helps local insulation company become employee-owned By: Peter Krouse | Cleveland.com | 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 […]
Social Impact Investing featuring Evergreen Cooperatives CEO John McMicken | Cleveland Foundation Video
May 6, 2019 in Blog, Evergreen Cooperative Laundry, Evergreen Cooperatives, News
“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 […]
A Bright Future Ahead – 2019 Lighting Guide: Green City Growers | Produce Growers
January 22, 2019 in Evergreen Cooperatives, Green City Growers, News
Cleveland’s Green City Growers uses LED lights to ensure volume and consistency in its lettuce and basil crops, and teach high-tech skills to employees. By: Douglas J. Guth | Produce Growers | January 22, 2019 On cloudy days, growers at Green City Growers in Cleveland kick on LEDs to give their lettuce and basil an […]
Launch of Fund for Employee Ownership Attracts Wide Media Attention | EVG Blog
December 10, 2018 in Blog, Evergreen Cooperative Laundry, Evergreen Cooperatives
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 […]
One Of America’s Poorest Cities Has A Radical Plan To Remake Itself | HuffPost
November 27, 2018 in Evergreen Cooperative Laundry, Evergreen Cooperatives, News
“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 […]
This New Fund Will Help Retiring Baby Boomers Turn Their Businesses Into Worker Co-Ops | Fast Company
November 20, 2018 in Evergreen Cooperatives, News
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 […]
