Skip to main content
Default Image

The Case for Community Wealth Building in Ireland

Mobilizing anchor institutions Centering community and place

[Cleveland] boasted very large quasi-public institutions such as the Cleveland Clinic, Case Western Reserve University and University Hospitals – known as anchor institutions because they are rooted in place and aren’t likely to up and leave. Together these three institutions had a combined spending power of around $3 billion dollars per year – very little of which was going to the local community. 

The Democracy Collaborative worked with the anchors, the city, and the Cleveland Foundation to pursue a strategy to localise their procurement spending in support of a network of purposely-created green worker-owned businesses – the Evergreen Cooperatives – tied together by a community corporation.

These include an industrial scale ecologically advanced laundry, a large urban greenhouse, and a renewable energy company. A fund has recently been added to pursue employee ownership conversions of existing businesses.

Read the full article on Look Left

Publication date: 2020-09-28
Publisher: Look Left
Publication URL: The Case for Community Wealth Building in Ireland

More related work

Default Image

Preston is putting socialist policies into practice

Labor movements must pursue a social and economic vision that can address the deep structural inequalities these pandemic years have exposed. Preston gives a glimpse of the exciting possibilities that collaboration with unions could achieve.

read more
Neil McInroy (Source: Coop News)

Neil McInroy joins TDC to advise stepped-up community wealth building program

The former CEO of a leading UK economic think tank will be central in helping build capacity to offer powerful new technical assistance to cities and local authorities pursuing community wealth building strategies.

read more
Default Image

HAN Anchoring Resilience: Aligning supply chains and impact purchasing for community health summit

The Healthcare Anchor Network (HAN) convened the “Anchoring Resilience: Aligning Supply Chains and Impact Purchasing for Community Health” summit to spark collaboration in the healthcare sector around onshoring and localizing production of PPE and other supplies, with an emphasis on equity, sustainability, and supply chain resilience.

read more