Word: shorebank
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...institutions like the university and research center. In other words, each individual cooperative gains long-term benefits from the financial assets of the whole. (How this would play out in the context of U.S. tax rules remains to be seen.) In Cleveland, the Evergreen Cooperative Development Fund, managed by ShoreBank Enterprise Cleveland, provides low-interest, long-term financing. In the future, a financial institution more aligned with Caja Laboral, which also handles consumer saving and lending, might be developed...
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