Skip to main content
New Cleveland Fund pic.jpg

New Cleveland Fund Will Acquire Businesses and Sell Them Back to Workers

The Fund for Employee Ownership, funded by the Democracy Collaborative, is jumpstarting employee ownership for employees of the Evergreen Cooperative. 

Typically it can take many months, even a year or more, to train employees before they’re prepared to purchase a business from its existing owner. The Fund offers to buy-out owners when they’re ready to sell or retire, and then get to the hard work of converting to employee ownership.

“We’re excited about the opportunity to accelerate that process of developing more employee-owners,” Rose says.

 

Publication date: 2018-11-12
Parent publication: Next City
Publication URL: https://nextcity.org/daily/entry/new-cleveland-fund-will-acquire-businesses-and-sell-them-back-to-workers

More related work

March 19, 2020
Default Image

Protect the vulnerable, advance the democratic economy: Our statement on the COVID-19 crisis

We are in a period of breakdown, in which all that is wrong with the current system is now being laid bare. Rather than rebuild what we now clearly see should never have been, we must lead the construction out of this crisis of something new.

read more
March 18, 2020
Default Image

HAN Public Comments on Fair Housing Act Proposed Changes

The Healthcare Anchor Network submitted public comments to the Department of Housing and Urban Development (HUD), expressing our opposition to HUD’s proposed changes to the 2015 Affirmatively Furthering Fair Housing rule.

read more
March 17, 2020
An array of prescription medications on shelves

Online press briefing: Vaccines—The COVID-19 Case for Public Pharmaceutical Research and Development

Leading experts believe that it is the government’s responsibility to ensure widespread access to safe and effective vaccines that are developed with taxpayer money. In this virtual press briefing, hear why the U.S. government should develop and manufacture vaccines and other essential medicines so that we get the medicines we need, when we need them and at prices we can afford.

read more