An interview with Frank Stasio

IMG_3454A while back I had the good fortune to talk with Frank Stasio, host of the NPR show, The State of Things. Frank is a thoughtful interviewer, and a fan of Slow Money. He was also instrumental in the opening of the Durham Coop in 2015 in Durham, NC.

Here is the link to the interview.

Thank you, Frank – for the interview, and for all you do to make our community a much better place to live.

Slow Money NC Featured By NC Sustainability Center

Slow Money NC was featured in a recent article published on the NC Sustainability Center’s website, entitled “FINANCING THE FOOD SYSTEM: How Slow Money Grows Local Food.” 

“While the movement undoubtedly has ideological and ecological underpinnings – its focus remains on the real world needs of small food related businesses. From encouraging sustained, predictable and long-term loans to ensuring that rates remain affordable (the typical loan rate is between 2-5%), Slow Money advocates argue that it has to be about more than just securing alternative sources of money – but rather rethinking the entire process and terms of how it is leant…”

As Mark Scharaga…founder and owner of Tamashii Sushi and Spoons Restaurant in Wilmington said, “The lenders are driven by a belief and a trust in the people they are supporting. It’s not about your credit rating, but about the mission and vision of your business. What you are trying to achieve.”

Thanks to Sami Grover for this fantastic profile of our organization! Read more here.

Ninth Street Bakery Gathering is Big News

We had a full house at Ninth Street Bakery last Wednesday night!  In addition to the twenty or so people from Durham, folks came from Alamance, Orange, Chatham, Wake, Cabarrus, Franklin and Mecklenburg counties! We even pulled in a guest speaker from Washington, DC.  The excitement about Slow Money NC really is growing as Andrea said so well in Mouthful, her News & Observer food blog. The piece is titled “Slow Money Showing Growth” and well worth a read!

“Slow Money NC”, Andrea writes,  “reminds me why I love the Triangle’s vibrant local food scene. The demand for local food is so high that we add farmers markets every year. Farm-to-table restaurants thrive as well as farm-to-table food trucks, and you can sign up for weekly deliveries of local vegetables, meat, cheese, seafood and even soup. People aren’t just supporting the scene with their appetites; they are opening their wallets even further.”

Andrea is such an asset to the local food movement in the Triangle. And she’s right. People are supporting their local food scene.  And it’s making a difference.

Frank Ferrell, owner and baker extraordinaire, talked about the deck he plans to build, his new locally made kombucha, and plans for more events and extended hours.  It sounded like a great idea and he rustled up support from several new Slow Money lenders.

The Durham Herald ran a story about our gathering as well.  Frank isn’t smiling in their picture, but after the meeting he certainly was.

Marc Dreyfors also had an idea to showcase at the same event. He plans to covert a couple of used Duke transit buses to help promote local food. He got a Slow Money loan to purchase one that he plans to use for farm tours, and he may get another to convert into a mobile farmers’ market.

A story about his Greenway Transit business ran in the Durham paper yesterday.

We’re getting attention, we’re making loans almost every week, and we’re happy.  Little by little, one local farm and food business at a time, we digging a deeper, healthier local foodshed.