Gem City Market Project Timeline
We have over 2,400 Community-Owners. 1,054 reside within the Trade Area, and 125 of those are $10 Memberships.
Close Financing. Citywide/PNC New Market Tax Credit transaction, closing by end of year. With the NMTC transaction completed, grading the site and other earthwork will commence after the turn of the year.
We have a goal of welcoming 600 new $10 Members living in our Trade Area (zip codes 45402, 05, 06, 16, 17, 26) before opening our doors. You can support this goal by joining our team as we get out knocking on doors to talk with residents about the new grocery store coming to the neighborhood. For me information email: Kenya Baker [email protected]
We estimate 500 – 700 members and supporters joined us for our Ceremonial Community Groundbreaking. Burgers were grilled, booths were visited, connections were made. We collected nearly 50 grocery receipts, the best way to find out what you really want to buy and cook, to help us stock our shelves smartly! Over 40 individuals made the decision to join the cooperative as a community-owner. We collected over $800 in Supporter Equity (and CO-OP Dayton gave out over 50 t-shirt thank yous!) About 50 individuals volunteered (receiving potluck dishes, serving food, supporting the grill masters, grilling, and stepping in where ever..Read More
Firebrand, a marketing agency cooperative with extensive experience in food co-op start-ups has been chosen to create the new logo and branding for Gem City Market.
We transitioned an appointed board seat to our third Community Elected Board Seat. Member and Trade Area resident Shavelta Harding was voted in. Jule Rastiskis, who held an appointed board seat stepped down. This rounds out the board to 9 members. The membership also voted yes on whether to pursue the sale of alcohol ( beer and wine ) by petitioning the precinct, and developing a responsible alcohol sales policy.
Premier Health has contributed funds allowing Gem City Market to offer $50 Community-Owner Membership Shares to individuals living in the market neighborhood zip codes of: 45402, 05, 06, 16, 17, 26. We have a goal of 1,800 Trade Area Members by open. Before the match was announced, our Trade Area membership was at 743 members.
Kettering Health partnered with Gem City Market to deliver a 50/50 Employer Match. Any Kettering Health employee wanting to become a Community-Owner Member of Gem City Market has just $50 equity contribution because Kettering Health chips in the other $50. The match resulted in over 400 new members.
The future site of Gem City Market announced as 300-400 Salem Avenue, Dayton Ohio 45402 This major investment in the Northwest side of Dayton is aiming to raise $4.2 million, over a third of which has already been committed. Ambassador Tony Hall is Capital Campaign Chair, with honorary Co-Chair Mama Nozipo Glenn. More than 920 memberships have been sold towards the goal of 2,000 by the time the market opens its doors.
At our first Annual Members Meeting, we voted in two community elected board members: David K. Greer (3-year term) and Carrie Scarff (2-year term). Carrie and David join the seven existing board members including: Amaha Sellassie (President), Jules Rastiskis (Vice President), Fred Holley (Treasurer), Erica Fields (Secretary), Lela Klein, Rick Carne, and Lowell Harris.
With support from University of Dayton and industry consultants, market studies, surveys, business plan and financial model completed.