Terre Foods Cooperative Market Newsletter
May 2010

In This Issue
Roznowski Fundraiser
Seasonal Cooking Class
New Project Manager hired!
Member Loan Update
Board Report
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
April Fundraiser
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!
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.
 
Latest News
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!
Contact Us

PO Box 3043
Terre Haute, Indiana 47804
812.201.7910
www.terrefoods.org
info@terrefoods.org
Member Loan Update
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!
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.