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“We have done it! This community provided the funding, the heart and the soul to make the store a reality,” said President Nancy Savoia of the Los Alamos Cooperative Market board of directors.
The co-op has raised more than $1 million from member loans and member investment certificates as of Dec. 31. All financing for the new natural foods grocery store has been raised from local member households, now totaling 712.
General Manager Steve Watts anticipates that the store will open in just a few weeks.
“It should be ready by late February,” Watts said. “We’re very excited and just $55,000 from hitting all of our fundraising goals, which will allow us to run the business for the next three to five years. You can’t help but feel good about this community not only talking the talk – but walking the walk.”
Watts has hired his first three department heads and Savoia said that the board is thrilled the store will be providing 14 full time and 14 part time local jobs, equating to more than $500,000 in wages.
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