The Evergreen Cooperative Laundry (ECL) is a true story of wealth creation – a tale of community wealth building, local wealth anchoring, and fostering lasting livelihoods for those on the economic margins. Founded through a partnership among the Cleveland Foundation, the City of Cleveland, and anchor institutions such as the Cleveland Clinic, ECL anchors wealth locally by collaborating with healthcare systems and community wealth-building organizations. Read more stories about employee ownership of businesses: Nonprofit Quarterly: How to Reduce Economic Inequality by Expanding Employee Ownership Bloomberg: Room & Board Is a Rare Company. It Doesn’t Have to Be. Financing Shared Ownership: How policymakers can support the financing of shared ownership across the economy |
