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| Terre Foods Cooperative Market Newsletter
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Greetings!
We're gearing up for the Summer season, which is definitely the high season for our co-op. Expect to see us at the Downtown Farmer's Market this year as we work to finish our Membership and Member Loan drives. Plans are in the works for the 2nd Annual Blueberry Festival, so mark your calendars for July 15th!
Below you will find an update on the April Fundraiser with Tom Roznowski, an update on our Member Loan program, and the announcement of a new hire for Terre Foods! Following the articles, please see the Board Report from Don Richards, who attended a Co-op Startup Conference in February of this year. This report contains a great deal of useful information for member-owners about the process of starting a co-op, so please do check it out.
Please read on, and stay in the loop for what is happening with your store! And as always, do not hesitate to contact us with questions, concerns, or ideas--remember, this is your store! Thank you for your continued support as we near our goal.
Sincerely, Robyn Morton Terre Foods Cooperative Market
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Thank you everyone!
The April Fundraiser at Clabber Girl for Terre Foods and the Downtown Farmer's Market was a great time--thanks to everyone for coming out! We were pretty nervous about our ticket sales, but as it turned out almost everyone bought tickets at the door. We sold nearly 50, which was a great turnout!
Thanks go to Tom Roznowski for organizing the event, to his band The Living Daylights for the wonderful performances, to Jeffrey Marks for the absolutely outstanding food, to all of our presenters, and to Clabber Girl for hosting. We had a wonderful time, and we hope everyone else did, too!
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Seasonal Cooking Class co-sponsored by White Violet Center for
Eco-Justice Saturday, June 12th,
10am-12pm, $10 at the door Instructor Candace Minster
Learn how to take advantage of the bounty of local produce and other
foods available at the Downtown Terre Haute Farmers Market or through
your own CSA subscription. Get tips on how to make the most of what's in
season, the best ways to deal with misunderstood veggies like eggplant
and okra, and some simple ideas for how to plan menus while browsing the
vendors. Pre-registration is encouraged. Please contact April Osborne at The
Clabber Girl at 812-478-7113 or aosburn@clabbergirl.com. Attendees who have not
pre-registered will be accomated as space allows. |
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Linda Edwards hired as Project Manager
As you know, all of the committees and Board associated with Terre Foods are volunteer groups, not paid positions. This has served us well to date, but in April, the Steering Committee decided that there is simply too much to manage on a volunteer basis, and decided to begin looking for a temporary Project Manager. This person would be responsible for the completion of the Member Loan and Membership Drives currently ongoing. In early May, the Terre Foods Board of Directors voted unanimously to hire Linda Edwards to this position. Linda has extensive experience in assisting non-profit organizations with fundraising and marketing, which are exactly the areas we need at this point. Linda will work with us from June through August, with the specific aim of completing the last two pieces of the puzzle to get our store off the ground!
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Contact Us
PO Box 3043 Terre Haute, Indiana 47804 812.201.7910 www.terrefoods.org info@terrefoods.org
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Our Member Loan campaign is going very slowly. To date, we have raised $65,000 in the bank, with promises for another $10,000 in loans still to come in. This is a start, but we still have a long way to go to reach our needed $400,000 to secure bank financing.
I want to emphasize that the Member Loan drive is an absolute necessity for opening the store, and is essentially the last step we must take before we can move forward. Everything else is currently in place--the banks, the location, the plans and financing details--but we still need to raise our end of the financing capital. With the successful completion of our Member Loan drive, we should be able to move forward very quickly. If we completed the Member Loan Drive tomorrow, we could likely begin renovations on the store in June.
As a reminder, your loan money is completely secure--we will not use, or even touch, the loan funds until we secure financing from the banks to begin construction. Any member who wishes to can verify that the loan money is complete and unused in our accounts at any point.
Visit our Member Loan page for further information, and contact us with any questions about this program. And watch your mail!
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Terre Foods participates in food co-op start-up conference
Recently two members of TFCM's steering committee, Candace
Minster and Don Richards, participated in a conference on food cooperative
start-ups in Bloomington, Indiana. The conference, held on February 19-20, was
hosted by the Indiana Cooperative Development Center and Bloomingfoods Market
and Deli, with funding provided from the Bowers Fund for Consumer Cooperatives
of the Cooperative Development Fund. Sessions were held that addressed both the
needs of established and fully operational food co-ops as well as the
challenges faced by true start-ups such as our own. Participating co-ops from
around the Midwest were represented and heard presentations from an impressive
roster of experts including Bill Gessner and Mel Braverman, consultants with
Co-op Development Services, Ellen
Michel, marketing and outreach manager at Bloomingfoods, and Lisa Smith,
cooperative spokesperson for the National Cooperative Grocers Association.
Steve Stroup gave a presentation on strategies for mounting a strong member
loan program and Art Sherwood discussed the principles of policy governance. An
especially impressive session was delivered by Jennifer Hileman who explained
the critical role in co-op development played by the project manager. We came
away from Hileman's presentation impressed by the importance and urgency of
hiring a capable project manager. Besides the opportunity to hear a variety of experts speak
on various aspects of co-op development, the conference afforded attendees a
fruitful opportunity to share experiences and to learn from one another. Thus,
for example, we learned about Dill Pickle Coop in Chicago who recently
recruited and hired its general manager with the help of an ad placed on
Craig's List! Dill Pickle is a small (1,400 square feet), community-centered
coop on Chicago's northwest side that is remarkable for at least two facts: (1)
It has no parking for its customers, and (2) it has no bank debt whatsoever. It
was able to raise all its finance capital via member loans. We also learned
from this group about the potential value of a membership survey as a means of
identifying the talents our membership may possess that will help make our
store a reality. Dill Pickle was able to identify among its membership a
retired accountant who was able to lend his expertise to their effort. We also
had extensive discussions with Brad Alstrom, general manager of Lost River
Market and Deli in Paoli, Indiana. Lost River struggled early on, but under
Brad's management has raised membership to 715 members from whom $300,000 in
loans were secured. In general we came away impressed not only with the
knowledge of the invited experts in co-op development, but also with the
growing strength of the food co-operative movement in the Midwest and across
the nation. One attendee traveled from Philadelphia, PA. We were also impressed
by the variety of experience of successful co-operative development, and by the
fact that there are a number of different paths to success. Finally, it is
worth noting that while Dill Pickle was able to generate a substantial component
of its finance capital from its membership, it took them five years to
accomplish this task. This lesson points to the importance of patience and
perseverance as values to hold close as we continue our collective work to
establish Terre Foods.
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