Evergreen Cooperative Corporation

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.

THE FUND FOR EMPLOYEE OWNERSHIP During 2019, The Kendeda Fund granted ECC $8 million over 4 years to capitalize the Fund for Employee Ownership. Restricted use of $6.5 million waas for ECC to acquire and convert existing small businesses to employee owned businesses. These restricted funds have been invested through Evergreen Cooperative Development Fund (ECDF), which is the fund for employee ownership.

Employee training