Wednesday, March 12, 2014
A Slow Money Maine off-shoot known as the No Small Potatoes Investment Club is seeking applications from farmers and food businesses for its next round of low-interest loans. As part of the national Slow Money movement, the group seeks to reinvest capital in local, sustainable food producers rather than massive companies traded on Wall Street.
Since its inception last year, the group has invested $57,500 in 14 Maine small businesses.
An example of a recent investment is the $5,000 the club loaned to Juliana Hoffman, who runs the gluten-free Tic Tac Taco stand at the Common Ground Country Fair in Unity and the American Folk Festival in Bangor. The money will allow her to expand her operations.
The current deadline for applications is Sept. 28. You can find all the application criteria on the No Small Potatoes website.Tweet
Meredith Goad has harvested oysters on the Chesapeake Bay, eaten reindeer in Finland and sipped hot chai in the Himalayas. She writes the weekly Soup to Nuts column and enjoys a good cocktail.