Since their inception ten years ago, the Evergreen Cooperatives in Cleveland, Ohio have served as a promising model of economic development in a post-industrial city. The three worker cooperatives—an industrial laundry company, a green energy services contractor, and a hydroponic greenhouse (pictured above)—collectively employ over 200 individuals, many of whom have become worker-owners. In a […]
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Over the coming years, more than 2.3 million Baby Boomer business owners employing some 25 million Americans are set to retire. This Silver Tsunami, as it’s been called, presents the largest opportunity in generations to transfer ownership to workers—an idea that has gained fresh interest in recent years as wealth inequality and corporate concentration have […]
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Impact investment has the potential to transform economies and societies, say its advocates. But the growing field is littered with examples of good intentions gone wrong—often the result of a “top-down” approach. How can impact investors avoid unintended consequences and ensure that their investments are aligned with the goals and needs of the people and […]
The post Transform Finance: Bridging the Worlds of Finance and Social Justice appeared first on Locavesting.