In a Fast Company article titled "The Rise Of Shared Ownership And The Fall Of Business As Usual," writer Jeffrey Hollender calls Cleveland's Evergreen Cooperatives, "the economic model of our future."

"A new model in Cleveland -- in which workers own companies that are supported by the city's big businesses -- has the potential to change the economics of the city and its workers," he begins.

Evergreen Cooperatives, which has been featured in Fresh Water, is an economic model that pairs anchor institutions like the Cleveland Clinic, Case Western Reserve University, and University Hospitals -- which spend over $3 billion per year on goods and services -- with new employee-owned businesses.

"Together," explains Hollender, "these organizations collaborated on a business model that is designed to create community wealth in the city's poorest neighborhoods. They do this by committing to invest in businesses not with venture capital, but by purchasing services from them. These purchasing decisions by large institutions fund the development of a network of sustainable, community-based businesses that are partially owned by the workers themselves, which develops a workforce skilled at democratic and participatory management and creates a new generation of leaders committed to rebuilding their communities."

Following a research visit to Cleveland, Hollender had this to report:

"Ohio Cooperative Solar was profitable in its first five months in operation; current annual revenue is projected to be $1.3 million. At the end of the fiscal year, a portion of profits will be allocated to each OCS employee owner's capital account, furthering the idea of people-focused business.

"The Green City Growers, a hydroponic greenhouse, expects to break ground on the construction of a four-acre greenhouse this summer, with its first crop ready for harvest in the spring of 2012. When fully operational, it will produce 5 million heads of lettuce and 300,000 pounds of herbs annually and employ between 30 to 40 workers year-round."

Read the whole of Hollender's examination here.