1srelluc
Diamond Member
About five years ago, Emerson, Neb., lost its grocery store. Residents were forced to drive at least 20 miles to stock their pantries at the nearest full-service store. Then last year this village of 824 people came together to open a new market. They raised nearly $160,000 of their own money double their initial fundraising goal. And Post 60 Market was born. The cooperatively owned store moved into the old American Legion building. It sells a full range of groceries, including fresh produce, meat, and household supplies. Investors receive discounts and dividends and elect a board of directors each year to oversee large financial decisions. "With being a co-op and so many people bought in it's like you got multiple owners who have just as much commitment to see this thing succeed," says manager Brian Horak. In many rural towns, a grocery store is a thing of the past, as more of these small businesses fold. Yet entrepreneurs and community initiatives are working to turn that trend around. maor |
Farmers Co-Ops have been running successfully all over the country for decades so it might just work.....Till Dollar General smells it out.