Quick updating on plans to finance the store:
It should come as no surprise that the first thing required for a major renovation of a space is MONEY! With guidance from the Food Cooperative Initiative, we will use multiple financing solutions, including member-equity (the fee you paid at signup), member loans and Preferred Shares offerings, bank loans, community loans, grants, and direct donations from the public and Member-Owners. Any support you are able to provide will go a long way!
Quick updating on the site selection process:
Elected by you and acting on your behalf, the Board of Directors will carefully choose the best location and site plans for a successful food cooperative in our trade area. Most of our membership resides in the 19348 or Kennett area and many live in the Borough itself. Hopefully, the store will be walkable for those near by. For others, we want ample parking right near the door to the store. We must have a location that is easily accessible by car from our surrounding suburban neighborhoods. Just as important, the store must offer ample delivery space for our vendors and farmers for delivery. And we want to have a community-oriented and trustworthy future landlord.
We are excited to share more news with you as soon as we can. But for now, we still have a way to go. And we hope you'll join us for the journey!
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