Gem City Market Project Timeline
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.