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Urban Greens Food Co-op - Your Food, Your Store, Your City
- 1. Urban Greens Food Co-op Your Food, Your Store, Your City!
- 2. What is Urban Greens Food Co-op? • Urban Greens Food Co-op is a consumer-owned cooperative working to open a full-scale retail grocery store in Providence RI. • The store will provide and promote healthy, affordable, sustainably-sourced, culturally inclusive, local food options. • “Consumer Co-op” means the store is owned by, invested by, and accountable to, its customers.
- 3. Urban Greens Food Co-op will… • Buy from large and small local farms; sourcing directly from producers. • Help make local foods more convenient, accessible, and affordable. • Provide a strong source of revenue for local farmers • Promote health education in the store and community.
- 4. Location: 93 Cranston Street gle Maps Map data ©2016 Google 1000 ft
- 5. Location: 93 Cranston Street
- 6. Old Loutitt Laundry Location
- 9. Mixed Use Development • 39 Units of Apartments – 8 will be reserved for 60% Area Median Income. – 31 will be reserved for “Work Force Housing” • Defined as 100% to 120% of Area Median Income. • 8,000 Square feet of Retail – Signed Letter of Intent. Urban Greens to lease only commercial retail space.
- 10. The Development Team • Bourne Avenue Capital Partners • D+P Real Estate • Truth Box Studio
- 11. A unique way to earn a return on investment and supportyour community.
- 12. Invest In Your Food, Your Store, Your Community An opportunity to invest where you live and see your investment grow. • Minimum 2% annual interest rate • May redeem after 7 years at full value • May redeem after 12 years at 120% of full value • Interest accrues during any unpaid year
- 13. Help Make Urban Greens Shovel Ready We’re ready to go: groundbreaking is set for Fall 2016. Now let’s join together and open the doors! We need your leadership and resources where they matter: – Feeding your family with healthy food – Supporting your local farmers and producers – Working toward a robust and sustainable Rhode Island food economy.
- 14. Urban Greens is ready to be an anchor community business: • A leader in local sourcing • Dedicated to being inclusive: from leadership and hiring, to local food sourcing, to our Food For All program • Offering farmers market quality, 7 days a week
- 15. FAQ: How much needs to be raised? $600,000 in investments from the community. Why Community Capital? Community investments allow the Co-op to take on less debt and become the thriving and unique store we all envision. When does the Co-op need the community capital? Right now! Community investment is critical to getting our doors open!
- 17. This is not a donation. This is an interest- bearing investment that will help open Urban Greens. You’ll be able to walk into your investment, browse your investment’s shelves, and buy local food from farmers that your investment supports.
- 18. Ready to Invest? Visit UrbanGreens.com/invest Questions? Email us at invest@urbangreens.com or call us at 401-267-8432