Co-op Market Venture moves forward

(Note: there is a yahoogroup, hstreet_foodcoop, that people can subscribe to)

From Holly Smith:

As you may know, the H Street Community Market was very fortunate to have recently been one of four entities across the entire country to be the recipient of the Food Co-op 500 Seed Fund Grant!! The grant is a matching grant in which we will be given $10,000 if we can raise $10,000 dollars of our own funds. It can be drawn down in tranches as we have the matching funds. We plan to use the money to do a feasibility study for the food co-op and to move towards the establishment of a store front on H Street. We are very excited that all our sweat and hard work over the past years is now really coming to fruition!!

We currently have close to $3,000 that we have raised, and we would like to increase that figure to at least $5,000 before mid December so that we draw down on our first tranche of money and begin the feasibility study. As the co-op is a "cooperative" effort, we really need everyone's participation to help us meet our goal. As discussed before, the individual equity share to join the co-op is $200. You are the core group of people behind this movement, and for this reason, we would like to encourage everyone to begin contributing their equity. If you are not able to contribute the entire $200 at this point, then please feel free to make a starting contribution. Please remember that your equity contribution makes you an owner in the H Street Community Market, and the profits, or patronage, once we open the business will be distributed accordingly. In addition, your equity share is always refundable should you decide to leave the co-op (which we hope you never will!) And, most importantly, you will be helping to promote a community imitative that we really make a difference on H Street!

Please send an email with your equity pledge amount, and kindly mail checks payable to the order of the H Street Community Market no later than December 10. You can mail your checks c/o Emily Raynor, 136 R Street NE, Washington DC 20002. Also, if you have any questions, please do not hesitate to contact me on my cell phone at 240-481-0105.

Many thanks,

Emily Luisa Raynor, Treasurer and Member of the Board
H Street Community Market

P.S, Please be on the lookout for announcements to come about our upcoming fundraiser in February!!!!
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Personally, I think a great place for a co-op market would be in a revitalized Florida Market area...