In my previous post, I provided a history of the West End Food Co-op and the various finance models that they considered implementing in order to raise capital for their newest venture, the Food Hub. This post will focus on their success with the chosen method. community bonds, as shared by the West End’s and Co-Founder Director John Richmond.
This past October, the West End Food Co-op celebrated the grand opening of its long-awaited Food Hub, a community kitchen and specialty food products store dedicated to resolving food security issues in Toronto’s west end. Located within Parkdale’s Community Health Centre, this highly anticipated initiative was financed by community bonds.
On November 8th and 9th 2012, hundreds of entrepreneurs, along with members of the corporate, non-profit and academic communities gathered at the fifth annual Social Finance Forum in Toronto. Hosted by the MaRS Centre for Impact Investing, the sold out event featured numerous presentations, workshops and networking sessions aimed at examining the current opportunities and challenges surrounding impact measurement. Day 2 of the Forum kicked off with a compelling opening address by Bart Houlahan, founder of B Lab.