GREATER UNIVERSITY CIRCLE INITIATIVE “Writing the Next Chapter for Anchor-Based Redevelopment Initiatives”

University Circle Traditional Boundary TRADITIONAL University Circle BOUNDARY

Cleveland Clinic New Heart Center $450 Million New Alle Entrance $ 50 Million Two new parking Structures $150 Million Global Innovation / w Fairfax $ 60 Million 4. Cleveland Museum of Art Renovation / Expansion $250 Million Veteran’s Affairs Medical Center New Bed Tower $100 Million New Domiciliary $ 50 Million 2000 Car parking $100 Million University Hospitals New Cancer Center $400 Million New ER $250 Million New parking Structure $150 Million ANCHOR & CULTURAL INSTITUTION INVESTMENT

GREATER UNIVERSITY CIRCLE “New Geography of Collaboration” TRADITIONAL University Circle BOUNDARY WADE PARK/ HERITAGE LANE NPI SII Famicos Foundation EASTERN HOUGH/ UPPER CHESTER EASTERN FAIRFAX NPI SII Fairfax Renaissance Dev. Corp. BUCKEYE / SHAKER ST. LUKE’S POINT NPI SII Buckeye Area Dev. Corp. EAST CLEVELAND Cleveland Clinic VA Hospital EAST 79 th STREET CITY LINE SUPERIOR AVENUE BUCKEYE / WOODLAND LITTLE ITALY

Neighborhood Challenges Neighborhood Challenges and Indicators NEIGHBORHOOD CHALLENGES

VACANT LAND

POOR & UNSOUND BUILDING CONDITIONS

WATER SHUT OFFS / TAX DELIQUENCIES / FORECLOSURES

NEIGHBORHOODS AT RISK

BUILDING COMMUNITY WEALTH TO TRANSFORM CLEVELAND AND CHANGE LIVES EVERGREEN COOPERATIVE INITIATIVE Create Jobs Generate Wealth for Residents Stabilize Neighborhoods

OUR STRATEGY 1.Focus anchor institution purchasing locally 2.Create new community-based businesses 3. GREEN 4.Link to expanding sectors of the economy (e.g., health, energy, food, waste & green technologies) 5.Ensure financing and management to move to scale

Planning & Development 5. Three to Four (3-4) Next Generation Businesses Launching in Evergreen Cooperative Laundry (ECL) 2.Ohio Cooperative Solar (OCS) 3.Green City Growers Cooperative (GCGC) Secondary Cooperatives 1.Evergreen Business Services (EBS) 2.GUC Neighborhood Voice

Business Update Launch October 2009 State of the art green facility Customers: Cleveland-area hospitals, nursing homes, hotels 50 new jobs created for worker-owners Million lbs. capacity Financing $750,000 of grant 2 market-rate bank loans ($750,000 each) $1.5 million of HUD108 long-term, low- interest loan $200,000 of EDA funding for working capital $5 million New Markets Tax Credit allocation

Business Update 2010 – installations = 3MW Will more than double all installed solar in State of Ohio Clients: Cleveland-area Anchor Institutions 15 Year Power Purchase Agreement Second line of business: year-round home weatherization; 100+ homes weatherized to date

Business Update Year-round hydroponic food production greenhouse 5 million heads of lettuce/year; 300,000 pounds of herbs 10 acre site; 5 acres under glass Break ground this fall Green technologies/advanced energy: 1.5 MW Wind Turbine, Combined Heat and Power, Water Reclamation

COMMUNITY BUILDING TOOL & SECONDARY TYPE COOPERATIVE 1. Engage Students: both high school & college age 2. Empower the Overall GUC Initiative & Evergreen Cooperatives 3. Sustainable Business Model 4. Provide career opportunities for minorities in journalism

Planning & Development 5. Three to Four (3-4) Next Generation Businesses Launching in Evergreen Cooperative Laundry (ECL) 2.Ohio Cooperative Solar (OCS) 3.Green City Growers Cooperative (GCGC) Secondary Cooperatives 1.Evergreen Business Services (EBS) 2.GUC Neighborhood Voice

Local Hiring & Training Sustainable Business Concept Design & Feasibility Business Plan Development Professional Management Anchor Purchasing Business Model

COOPERATIVE DEVELOPMENT FUND Funds Raised to Date $3 Million - Cleveland Foundation $1 Million - Kelvin and Eleanor Smith $900,000 - Minigowin $250,000 - Cleveland Clinic $250,000 - CWRU $250,000 - University Hospitals $50,000 - Higley Fund $5,700,000 Total Leveraged $30+ Million Additional

PRESS ATTENTION

Atlanta, GA Baltimore, MD Columbus & Youngstown OH Detroit & Kalamazoo, MI Newark, NJ Pittsburgh, PA Springfield, MA Washington, DC Dallas, TX INTEREST FROM OTHER CITIES

Create new jobs for neighborhood residents 500 > 5,000 Anchor capital so it doesn’t get up and leave Promote asset accumulation ($65K/8 years) Stop $$ from leaking out of NE Ohio Stabilize and revitalize the neighborhoods (including long-term affordability) Develop a replicable model for national impact GOALS

Evergreen’s Worker-Owners “Because this is an employee-owned business, it’s all up to us if we want the company to grow and succeed. This is not just an eight- hour job – this is our business.” –Keith Parkham “I never thought I could become an owner of a major corporation. Maybe through Evergreen things that I always thought would be out of reach for me might become possible. Owning your own job is a beautiful thing.” –Medrick Addison