| Objective 2.G |
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Bring more capital to sustainable food businesses. Proposed Places to Start for 2008: 1. Map and analyze existing and emerging capital sources and develop working links with these sources so that capital and companies can connect. Potential Future Actions for 2009-2012: 2. Develop a plan for introducing businesses to capital sources. 3. Attract a patient capital/slow money fund that is linked to the Leadership Network. 4. Create Entrepreneur Mentoring Group drawn from the Leadership Network. This group could work through the sustainable business incubators to help start-ups develop business models and ongoing mentoring on operations, growth, marketing, and distribution. 5. Create a workgroup to work with existing Ag lenders and with local community banks, SBA programs, community development loan funds, community development companies, and other local capital providers. The workgroup would educate them specifically about the sustainable business opportunities in a particular Ag region and encourage them to sponsor seminars and other events to reach potential entrepreneurs. This is more of the "wholesale" (educate existing funders) versus a "retail" (raise new capital and try to pick winners) approach. |
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