It's not a sports championship, but in some ways it's just as big. Last
week a consortium of some of the wealthiest banks and foundations in
the world announced that Cleveland would receive major support for
innovative developments that will create hundreds of new jobs where
they're needed most.
The Integration Initiative, by the New York-based
Living Cities
philanthropic collaborative, will pump almost $15 million in grants,
loans and targeted investments into Cleveland. One of five cities
chosen, Cleveland impressed the evaluators with plans to leverage the
buying power of institutions in and around University Circle -- which
spend some $3 billion annually on goods and services -- into new
businesses and jobs. And not just any businesses, but innovative, green
operations that provide their workers with more than just paychecks.
Some of the funding will be used to start or relocate businesses in the growing
Heath-Tech Corridor between University Circle and Cleveland State. Other funds will expand the
Evergreen Cooperatives
network of employee-owned businesses, all of which meet the
institutions' procurement needs in new ways, and satisfy Living Cities'
demand for "game-changing" new strategies.
Evergreen Cooperative Laundry, for example, uses far less water than
competitors, allowing the institutions to reduce their carbon
footprints. The laundry currently employs 28, and will expand to 50.
Ohio Solar Cooperative employs 25 -- already exceeding expectations -- and will hire another 50 over the next three years. The Green City
Growers hydroponic greenhouse will employ 45 when it opens on East 55th
Street later this year.
All Evergreen businesses allow workers to build equity in the company
and share in profits. "An 8-, 9- 10-dollar-an-hour job is not really
enough to change someone's life," says Lillian Kuri of the
Cleveland Foundation,
which coordinated the applications to Living Cities. "The ability for
wealth creation is absolutely essential to changing neighborhoods."
Five more co-ops are in the pipeline, Kuri says. Two will launch "soon," the other three over the next one to two years.
Many of the foundations that make up Living Cities will be familiar to
NPR listeners: the Bill & Melinda Gates Foundation, John S. and
James L. Knight Foundation, The Annie E. Casey Foundation, to name a
few. Member banks include Bank of America, Deutche Bank and J.P. Morgan
Chase. Cleveland Foundation is an affiliate member.
Source: Cleveland Foundation
Writer: Frank W. Lewis