As I start my 2nd term (3rd year) on the Board of the Richmond Food Co-op, I am focused on opening the store.
Our membership number (650+) shows us to be rounding the clubhouse turn, with 800 members being the next furlong marker in the financing of our grocery store. As cooperative, we need a critical mass of members to ensure that our member loan campaign can succeed; reaching our member loan target in turn will allow us to secure a commercial loan. We also need a critical mass of members to ensure that we meet our sales projections once the store is open.
This year, the Board will take very seriously our role as your representatives as we commit the Co-op to a financing plan for opening the store. Nothing could be more important. We are confident that, with the assistance of Michele and our outside consultants from the Food Co-op Initiative, we can and will get this right.
As we enter the season of planting after a long winter – very enjoyable to those of us who love snow – I get a strong feeling (in addition to the numbers) that the Co-op grocery store will soon be a reality!
-David King, Richmond Food Co-op Board Member
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