KICKOFF MONEY! S. Philly Food Co-op Wins Major Grant

Filed under: Business,Latest News |

Since the founding of the South Philly Food Co-op in 2010, 300+ members have invested time and equity toward the establishment of a member-owned grocery store that will provide nutritious food to all South Philadelphia residents.

The impact of those investments has just been significantly amplified thanks to a major grant from The Reinvestment Fund, a national leader in the financing of neighborhood-revitalization projects. The South Philly Food Co-op has been awarded a $25,000 Food Access Grant — a huge vote of confidence in the mission and leadership of the South Philly Food Co-op, an assurance that the large majority of its members’ investments will go directly to opening the store, and a giant boost for what the co-op will be able to accomplish in the immediate future.

“This grant and TRF’s support is fantastic validation for 29 months and literally thousands of hours of work by our all-volunteer group of committee, board and community members,” said Alison Fritz, president of the South Philly Food Co-op Board of Directors. “This funding will help us take a HUGE step forward in developing the talent, systems, capital and vision necessary for the success of the Co-op.”

This award is part of a larger trend of co-op expansion in the Greater Philadelphia area. TRF has awarded food access grants of $25,000 each to the South Philly Food Co-op and the Kensington Community Food Co-op. For the leaders of these two start-up organizations, these grants together represent the commitment of a major funder to Philly’s growing cooperative movement and the movement’s focus on healthy-food access. Food co-op development has been bolstered by the rise of regional associations like the Mid-Atlantic Food Cooperative Alliance, to which the South Philly Food Co-op and KCFC belong, along with two of Philly’s established co-op groceries, Mariposa Food Co-op and Weavers Way Co-op.

For the South Philly Food Co-op, the grant comes on the heels of its successful South Philly Garden Tour fund raiser, which yielded over $3,500 in net proceeds and 10 new members on the day of the tour. Those 10 new applicants have brought the South Philly Food Co-op up to 305 total member-owners, bringing it ever closer to another important membership milestone of 400, at which point the Co-op will begin to secure a loan toward the establishment of a storefront.

More details about this grant as well as other updates about the Co-op’s progress toward opening its doors will be topics when the South Philly Food Co-op holds its fall membership meeting on Thursday, Oct. 25, 6-7:45 p.m. at the Edward O’Malley Athletic Association in Pennsport (on Moore Street between Front and 2nd). Members — and those interested in becoming members — are encouraged to attend. For more information on becoming a member of the South Philly Food Co-op, visit southphillyfoodcoop.org.

JOIN OUR NEWSPAPER
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.
Share
www.pdf24.org    Send article as PDF   

Leave a Reply

Your email address will not be published. Required fields are marked *