Cooperative Commonwealth
Cleveland invests in cooperatives
Submitted by emilykawano on Wed, 11/18/2009 - 12:37pmCleveland invests in a network of cooperatives, starting with Evergreen Laundry. Check out this short video.
Elinor Ostrom Breaks the Nobel mould - celebrates the commons
Submitted by emilykawano on Wed, 11/04/2009 - 10:35amElinor Ostrom breaks the Nobel mould
The economics profession needs to be shaken up. Ostrom's Nobel prize should encourage us to take a fresh approach
Kevin Gallagherguardian.co.uk, Tuesday 13 October 2009 17.00 BST
Cooperative Laundry Brings Hope to Distressed Workers
Submitted by emilykawano on Thu, 10/29/2009 - 9:46am
Cooperative laundry brings hope to distressed workers
Civic and city leaders are invest ing several million dollars in a unique, employee-owned business model to drive more wealth and jobs into the struggling neighborhoods around University Circle.
Several hundred people will gather on East 105th Street near St. Clair Avenue today to celebrate the opening of the Evergreen Cooperative Laundry, a $5.8 million commercial venture featuring the latest in energy-efficient laundry equipment.
If successful, it would employ up to 50 workers - many of them low-income, some with felony convictions - in what officials hope will be a network of worker-owned businesses.
Under the employee-owned model, each worker would earn a share of the company and the profits, driving wealth into neighborhoods wracked by poverty, unemployment and foreclosures, officials said.
