Cleveland Launches Major Worker Cooperative Initiative

Cleveland has launched a major initiative to create worker-owned cooperatives in the green business sector. Funded in part by a low-interest loan of $1.5 million from the city's Department of Economic Development, the co-ops will include laundry services, solar energy, and urban agriculture businesses to start. Their clients will initially come from "anchor institutions" such as local hospitals and universities that cannot leave the area. The project was the initiative of the Cleveland Foundation. The Ohio Employee Ownership Center and Shore Bank are also involved in the effort. For a detailed article on this intriguing innovation go to this link.