Since 2010, in North Carolina, over $3 million has been invested in 98 local and organic food enterprises through our network, primarily via direct peer-to-peer low-interest loans and equity investments. This is just a portion of the national Slow Money movement’s 520 projects totaling over $50M. And it’s an excellent start.
In 2017, in order to have even more impact – to help more farms and reach more investors – we are launching SOIL, NC “Slow Opportunities for Investing Locally.”
SOIL, NC will aggregate charitable contributions and then make 2% loans to small food enterprises. Over time, as loans are repaid, as new loans will be made, and new contributions are received, SOIL, NC will grow into a significant resource supporting the local food system in North Carolina. A key feature of SOIL, NC is: one person, one vote, whether you contribute $100 or $100,000.
We will be talking about this at our March 14th Slow Money NC Gathering, and setting up a way for you to engage very soon.
We are planning a SOIL, NC Launch Party on April 2, 2017 for all our founding SOIL members! Save the Date!
If you would like to speak to a member of the Slow Money team about SOIL, please email Carol Hewitt.