Renaissance CoOp announces series of financial support
The proposed Renaissance Community CoOp in NortheastGreensboro took another step toward its budget goals this week with theannouncement of two major gifts.
RCC supporters have raised some $1.6 million toward the anticipated$1.8 million needed to launch the community-owned grocery store on PhillipsAvenue.
Mount Zion Baptist Church committed $40,000 to the project,to be paid in increments of $10,000 beginning next month.
“This effort not only feeds the citizens of Greensboro,literally, but also clothes them by creating job opportunities which createshelter”, said Pastor Bryan J. Pierce, Sr., Senior Pastor.
Cone Health Foundation and Cone Health will each contribute$10,000 toward RCC in memory of Frank Mascia, a former Cone Health Foundationboard chair. Mascia passed away in February.
“Cone Health was a benefactor of Frank’s incredible spiritand leadership. He never backed awayfrom a challenge and food insecurity in our community is a real challenge. There is nothing more fundamental to thehealth of those we serve than access to healthy food,” said Terry Akin, chiefexecutive officer, Cone Health.
RCC also received a $10,000 grant from the Food Co-OpInitiative, which aims to improve the success rate of “new foodcooperatives delivering access to healthy food in diverse communities acrossthis country.”
Funds raised will be used for start-up costs to includeleasehold improvements, equipment, inventory, pre-opening expenses, contingencyon start-up costs, and operating capital including hiring the general manager,RCC announced in a statement released Tuesday morning.