Program Overview
NCG’s Development Co+operative (DC) has provided business development services to over 125 food co-ops since 2008. As of July 1st, 2021, business development services will be moving to a new NCG Store Development department.
The DC is focused on business innovation to research and assess processes, products, and solutions to improve the financial performance of NCG retail food co-ops and grow the cooperative grocery sector. Introduce disruptive ideas to the company’s operations. Collect and test ideas within company, assessing and prioritizing opportunities in line with business and innovation strategy. Prioritize and test the feasibility of select initiatives. Develop business plans to capitalize and launch initiatives deemed feasible.
In addition to this new area of work, the DC will continue to service the Co-op Assistance Fund loan program and the DC Loan Fund.
DC Loan Fund
In 2014 the DC Loan Fund was created. NCG and eighteen of its member co-ops invested $2 million of subordinated debt to leverage an additional $8 million in senior debt from Capital Impact Partners. All of the available funds were loaned out by 2016 and the loan fund was closed. The DC will continue to oversee the program until all of the funds have been repaid to investors. For more information, please contact CE Pugh.
Program Details
NCG’s Development Co+operative (DC) has provided business development services to over 125 food co-ops since 2008. As of July 1st, 2021, business development services will be moving to a new NCG Store Development department.
The DC is focused on business innovation to research and assess processes, products, and solutions to improve the financial performance of NCG retail food co-ops and grow the cooperative grocery sector. Introduce disruptive ideas to the company’s operations. Collect and test ideas within company, assessing and prioritizing opportunities in line with business and innovation strategy. Prioritize and test the feasibility of select initiatives. Develop business plans to capitalize and launch initiatives deemed feasible.
In addition to this new area of work, the DC will continue to service the Co-op Assistance Fund loan program and the DC Loan Fund.
DC Loan Fund
In 2014 the DC Loan Fund was created. NCG and eighteen of its member co-ops invested $2 million of subordinated debt to leverage an additional $8 million in senior debt from Capital Impact Partners. All of the available funds were loaned out by 2016 and the loan fund was closed. The DC will continue to oversee the program until all of the funds have been repaid to investors. For more information, please contact CE Pugh.