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The Park Slope Food Co-Op has launched a loan program to help other groups duplicate their unique concept. What makes the Slope's co-op different? Apparently only three of the 500 food co-ops in the U.S. follow the same model, where members can't buy in to the group—they actually have to work. Each of the Park Slope organization's 16,000 members need to put in two hours and 45 minutes of elbow grease every four weeks. The reward is shopping food, much of it organic and local, at 20 to 40 percent off.
The 40-year-old co-op will dole out $20,000 low-interest loans, with the first recipient being an unnamed organization somewhere in Brooklyn. Just like any formal business loan, prospective co-ops will submit a business plan, financial information, and projected income. Eventually, they hope to expand the concept city-wide.
· Park Slope Food Co-op Launches Loan Program to Start Similar Groceries [DNA Info]
· http://ny.racked.com/archives/2013/07/17/the_park_slope_food_coop_now_banning_plastic_produce_bags.php [Racked NY]
· Are Park Slopers Sending Their Nannies on Food Coop Shifts? [Racked NY]