Skip to main content
Default Image

A Cleveland Success Story: A new economy grows in the shadows of the Republican National Convention

Our friends at the Evergreen Cooperatives in Cleveland, OH are exemplifying visionary practices of worker-ownership and environmental sustainability in their social enterprises, one of which – the Green City Growers greenhouse – is on its way to become the third profitable business in the Evergreen trio:

Going forward, businesses like these have an opportunity to monetize the social impact they are able to deliver. Social impact bonds (also called “pay for success” bonds) open up a path for companies to get compensated for reducing poverty, homelessness, recidivism or other ills. These bonds have the potential to fill the gap between the cost structure of a social enterprise like Evergreen and the prices it can charge… As cities struggle to create jobs and reduce poverty, the possibilities for replicating Evergreen have never been greater. This unique enterprise is charting a path that many will follow.

Read the full article here.

Publication date: 2016-07-20
Parent publication: U.S. News
Publication URL: http://www.usnews.com/opinion/articles/2016-07-21/evergreen-cooperative-is-a-cleveland-jobs-success-story

More related work

September 27, 2020
Default Image

39 Health Systems Declare: It is Undeniable, Racism is a Public Health Crisis

39 health systems in 45 states and Washington, DC commit to addressing racism and the public health disparities caused by racism.

read more
August 31, 2020
Default Image

Climate Justice Fellow

Climate Justice Fellow The Democracy Collaborative is seeking a Climate Justice Fellow to provide support to the Climate & Energy Team and advance its mission to manage a just transition off extractive, fossil fuels and design pathways towards a clean energy system based on energy democracy

read more
August 17, 2020
Default Image

Fall Research Intern

NOTE: The deadline for this application was 9/14/20 and the application window is now closed. We are currently reviewing applications and will be in touch with candidates soon. Research Internship The Democracy Collaborative is hiring for a part-time, paid intern position focused on providing

read more