This new fund will help retiring baby boomers turn their businesses into worker co-ops


Evergreen Cooperatives, a network of worker-owned businesses in Cleveland, Ohio, has seen success in keeping business structure flat and wealth at the local level. Now, they’re growing. They recently acquired the Cleveland Clinic laundry. Different than a traditional business acquisition, Evergreen Cooperatives helped transition employees to become worker-owners. Called the “acquire-convert-support strategy,” Evergreen hopes to add more businesses with the help of several local foundations.

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