Evergreen Cooperative Corporation

Support of Evergreen Business Services, Inc. for operations including worker, board and management education and management assistance.

THE FUND FOR EMPLOYEE OWNERSHIPDuring 2019, The Kendeda Fund granted ECC $8 million over 4 years to capitalize the Fund for Employee Ownership. Restricted use of $6.5 million is for ECC to acquire and convert existing small businesses to employee owned businesses

Compensation for key management with respect to Evergreen Business Services, Inc., Evergreen Cooperative Development Fund, LLC and other start-up cooperative ventures. Key management is charged with the responsibility to share their knowledge regarding cooperative ownership, capital planning and budgets, strategic planning, the importance and roles of company board of directors and committees, and other important business concepts with the board, staff, and employees of the cooperative companies. Former workers had the opportunity to apply for the jobs. The workers are eligible to become members of the cooperative association after 12 months employment and share in the profits of the company. This also prevented the laundry contract being awarded to an out-of-town provider and leaving the laundry facility located in the low-income area vacant.

Employee training