A group of advocates in Louisville, Ky., has been selected to move forward with a plan to build a community grocery store, the Courier-Journal reports.
The Louisville Alliance for Community Economics was announced Tuesday as the winner of a grant from the city's Office for Management and Budget, which will allow it to begin negotiations with the city to secure $3.5 million in city funding for the project.
The project, which is expected to cost nearly $12 million, will allow workers and community members to earn money from and make decisions for the store, which is planned to be a co-op.
"We know that we're not going to raise, you know, several million more dollars without having to ask anyone, but we hope that the message and the news [continues] to reverberate throughout the community, "Cassia Herron, one of LACE's co-founders, tells the Courier-Journal.
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Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.