Locavesting – With a New Fund, Evergreen Cooperatives Looks to Spread the ‘Cleveland Model’

From Locavesting:

Now, the Evergreen Cooperatives network is taking matters into its own hands with a new fund that will acquire existing companies from retiring business owners and sell them back to the employees. This conversion strategy is gaining popularity among advocates of worker ownership in the face of a “Silver Tsunami” of retiring baby boomer business owners.

The Fund for Employee Ownership, as the Evergreen fund is called, is the latest and perhaps most potent initiative aimed at expanding employee ownership and the principles of democratic governance.

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