Monadnock Community Market Co-op Community Info Session, June 2010
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Monadnock Community Market Co-op Community Info Session, June 2010

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This is the slideshow used for our Monadnock Community Market Co-op Information Session in June 2010.

This is the slideshow used for our Monadnock Community Market Co-op Information Session in June 2010.

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  • BONNIE: Welcome everyone…Bonnie introduces herself as Project Manager and introduces cooperative nature of presentation with Board members.
  • BONNIE
  • BONNIE: --Ask community: what words pop into your mind when you think of a co-op? --Board members: Joe, Deb, Ken and Jaime share: Why are they involved passionate about this project?
  • BONNIE: You don’t need to be a member to shop at the co-op, but members get additional benefits: EVERYONE is welcome! Starburst idea from Littleton Food Co-op
  • DEB: A cooperatively owned 11,000 ft 2 food store located in downtown Keene focused on providing a diverse selection of local, organic, and natural foods to the Monadnock Region Finished bylaws and incorporated in April 2010 Opening in 2012
  • JOE The MCM Co-op has a 9-member founding board, a Project Manager, and 4 Working Groups leading this project forward We are a diverse group of non-profit leaders, and business community, young energetic, etc.
  • JAIME: Making healthy, local food accessible to community members all year round Creating more local jobs and keeping money in the community–our co-op will be locally owned forever, and will create +/- 70 jobs once established Supporting the region’s farmers and producers and helping to preserve the rural landscape Offering education and training (cooking, nutrition, and food preparation and preservation classes, etc.) to employees, the general public and community leaders Working with other businesses on sustainable development in the region Serving as a community center with workshops and community service programs Helping to promote a strong local economy : every dollar spent at the co-op and other local businesses has roughly three times as much local economic impact as a dollar spent at a non-locally owned business Helping to create a walkable community by providing a community-owned food market in the downtown of Keene The commonly used industry ratio (CDS) is that every million dollars of annual sales requires ten employees, so we are projected to have 7 million of sales, thus +/- 70 employees
  • BONNIE: Growing regional demand for local food Community surveys indicate need for co-op Over 75 community volunteers since 2008 Project support from over 40 students from Keene State and Antioch University Nearly 30 businesses have already expressed support for the co-op 9 Board members 22 Working Group members We want it! More than 100 community members have already joined the MCM Co-op since the April 24 th membership kick-off Surveys: over the last 3 years, over a dozen surveys have gone out to the community, all of the responses have been overwhelming in their support of a local food co-op and demanding access to more locally produced food year round More recently, on February 24, 2010 , 1,103 students from Keene State College (almost one third of the total 4,866 students enrolled) responded to an online food co-op survey.  Of 1,086 responses, 88% of respondents indicated they would purchase locally grown food if the price was competitive. 
  • BONNIE: The region has been demanding a co-op for a long time...now we are doing it!
  • BONNIE: Global: 1994  livelihood of 3 billion people (half of the world’s population) was made secure through co-operative enterprises National: Cooperatives directly employ nearly 500,000 people in the U.S. and with indirect effects, they support more than 1.2 million jobs that stay in local communities. State: 1936 - 2008: 4 food Co-ops in NH: Concord, Hanover, Lebanon, New London -- 72 years 2009 - 2010: 5 new food co-ops being organized/launched in NH: Keene, Littleton, Manchester, New London, Tamworth From Economic Impact Study of 17 NE Food Co-ops (2008): Buying Local : In the last year alone (2007), the co-ops reported buying $33 million worth of local products. Employment: The average wage (of food co-op employees) is 18% higher than the average for food and beverage stores in the same states. New London, NH— Seventeen food cooperatives funded a research project to collect and analyze data about their impact on the regional economy. The participating co-ops are located in Vermont, Massachusetts, New Hampshire, and Connecticut.
  • BONNIE: This is our timeline—but our timeline depends upon YOU
  • KEN: We talked to other co-ops about how to start up and there are 3 broad categories of funding sources:  We learned that it all starts with member/owner contributions. The rest of the financing depends on raising the member/owner equity. Once we have the members’ contributions, we can raise the rest of the money to build and open the co-op.  
  • A co-op is a member-owned and member-controlled business, meaning we own it, we run it, and we benefit from it together.  An important piece of the Co-op start-up funds come from member equity, so the sooner you sign up, the sooner we can open the doors!
  • This is a community-based project, so your support matters and to really make this work, we need your help! Thank you for helping to organize this community owned co-op market to serve the needs of our region!

Monadnock Community Market Co-op Community Info Session, June 2010 Monadnock Community Market Co-op Community Info Session, June 2010 Presentation Transcript

  • Monadnock Community Market Co-op June 2010 Information Session
  • Overview
    • What is a Co-op?
    • Why do we need one?
    • Why now?
    • What next?
    • Why you?
    • Questions?
    • Community feedback
  • What Does a Co-op Mean to Us?
  • What is a Co-op?
    • Working together  business structure
    • Owned and controlled by the people who use it (its members)
    • Return profits back to its members
  • Monadnock Community Market
    • The Monadnock Community Market
    • welcomes neighbors, connects community,
    • and contributes economically to build a healthy &
    • sustainable food system & community.
    • The Monadnock Community Market
    • welcomes , connects , and contributes .
  • Meet the Board
    • Deborah O’Meara , Vice President, Keene Industrial Paper Co.
    • Ed Guyot , CPA/Partner, John G. Burk and Associates
    • Jaime Contois , New Hampshire Director, Working Families Win
    • Jennifer Risley, Program Coordinator, Hannah Grimes Center
    • Jim O’Neil , Professor of Management, Keene State College
    • Joe Marks , President, Baudelaire Inc.
    • Ken Stewart , Independent Consultant
    • Paul Pezone , Senior VP, Facilities Planning & Support Services, Cheshire Medical Center
    • Polly Chandler , Chair, Organization and Management Program, Antioch University New England
    • Bonnie Hudspeth , Project Manager, Cheshire County Conservation District
  • A Local Food Co-op Will Add to Our Region :
    • Increased access to healthy, local food year-round
    • More local jobs
    • Support for our region’s farmers and producers
    • Education & training
    • Encouragement of sustainable development
    • Contributions to strengthen local economy
    • A more walkable community
  • Why Now?
    • Demand for local food
    • Community volunteers, business & organizational support
    • Dedicated board members & Working Group members
    • Membership
  • Community Support
    • 2007 Climate Adaptation Plan
      • Goal: “Support the local Agricultural Economy”
      • Target: “Develop a downtown food co-op by 2012”
    • 2007: Friends of Center City Keene Survey
      • 900 community members identified a food cooperative in downtown Keene as one of the top priorities of Keene citizens
  • The Co-op Movement
  • What’s Next?
    • Summer 2010: Membership Drive
    • - 450 members
    • Fall 2010 : Secure financing, finalize business plan
    • - 650 Members
    • Winter 2010/2011 : Site selection/building design/outreach to farmers
    • Spring 2011 : Hire General Manager, start construction
    • - 800 Members
    • Fall 2011 : Finish construction, set up store
    • - 1000 Members
    • 2012 : Open Monadnock Community Market Co-op!
    • - Hire staff
  • Why We Need Your Support Now Member/Owner contributions - $1,094,000 Community support – Loans, landlord & vendor contributions - $481,000
  • Why Join Today?
    • Need 1,000 members to open in 2012
    • High-quality, local food year-round
    • Support local farmers
    • Create well-paying jobs that will stay in our community
    • Education and training for the community
    • Thanks for Your Support!
  • Contact Us: [email_address] Learn More: www.monadnockcommunitymarket.wordpress.com
  • Questions?