Monitoring the economic pulse of the Triad by Eric Ginsburg and Jordan Green
Deep Roots breaks ground in downtown Greensboro
After more than four years of planning, Deep Roots Market broke ground on its future downtown Greensboro location on North Eugene Street in downtown Greensboro last week. General Manager Joel Landau said he hopes to open the store in early 2013.
The grocery, which specializes in local, organic and healthy food, will expand to sell more meat, cheese, beer and wine, and will include a cafÃ©. Adjacent to the future downtown greenway, Deep Roots will be the only grocery store in downtown Greensboro, though the Downtown Farm Market and the Greensboro Farmers Curb Market are also nearby. The city gave the grocery a loan for $100,000 that can be forgiven if Deep Roots meets requirements in the loan.
“Downtown Greensboro needs a grocery store,” said Mayor Robbie Perkins, who added that he was looking forward to biking to Deep Roots on the greenway to pick up a sandwich. “This has been a true community effort. We’ve got to keep the ‘green’ in Greensboro. I am so pleased that we’re getting this going.”
A cooperatively owned grocery store, Deep Roots was originally scheduled to break ground last fall. — EG
Financial analyst provides economic and political update
Algenon Cash, with Wharton Gladden & Co., provides an analysis of trends in hiring, financial lending and how federal and state government policy impacts business at the Piedmont Club, located at 200 W. 2nd St. in Winston-Salem, on Friday from 11:30 a.m. to 1 p.m. Cash will also comment on which candidates for public office are most likely to be friendly to business interests. Register for the event at tinyurl.com/economicandpoliticalupdate. — JG