By Jeff Wade, Chapter leader, Slow Money San Luis Obispo County aka Slow Money SLO
email contact, SlowMoneySLO@gmail.com
The Slow Money San Luis Obispo County chapter is now active and growing. Four meetings were held in 2012, instigated by Woody Tasch’s presentation at the Cal Poly College of Agriculture, Food and Environmental Sciences benefit event. As a founding member of Slow Money, the future chapter leader rallied a small group at the event and held the first meeting in July. Since that time, the Chapter became formally recognized by Slow Money and the first loan has been made.
Early participants in the Slow Money SLO meetings immediately brought a loan candidate to the table. The San Luis Obispo Natural Food Co-op has been a source for local, quality and organic foods for 30 years, but has seen increasing competition in the area. An opportunity to move to a nearby, larger location would allow it to carry more products, have a larger garden in the back and provide a more modern shopping experience for customers. It would also give them a chance to expand membership and improve their financial condition. A number of the local Slow Money members agreed to support the Co-op with $30,000 in total funding and within a couple of months, terms were settled and loans made. The Co-op has started remodeling their future location.
Local events such as Central Coast Bioneers have given the chapter a chance to spread the word. More Investors and Entrepreneurs are welcome to contact the group to show interest and need. The next meeting is January 8th at the SLO Grange, 6 pm starting time, consider attending or email SlowMoneySLO@gmail.com to join the mailing list.