Mission: SMW supports community-centered investing in resilient and healthful food systems.
Slow Money Institute
Changing what it means to be an investor in the 21st century. Promoting principles of soil fertility, sense of place and cultural, ecological and economic diversity.
Over the past five years, Slow Money has tested ideas around the country and engaged thousands of individuals working at the intersection of food and finance. According to the 2013 Progress Report from the Alliance, "Slow Money facilitated more than $11 million of funding for 82 small food enterprises in the 12 months between July 1, 2012 and June 30, 2013, bringing total funding since inception to over $30 million invested in 221 small food enterprises."
There are now over 25 Slow Money regional chapters around the U.S. and 4 international chapters conducting local food systems assessments and deal identification, holding regional gatherings & entrepreneur showcases and making loans or forming funds to link those working to build their own sustainable food businesses with those who believe in the value of local food system resiliency and revitalization.
Taste of Soul and Parklawn were extremely fortunate and favored to participate in the 2013 Slow Money Business Investors showcase. We did receive at least three promising financial responses (Most notably Forward Wisconsin CI) but have not yet entered into any agreements. Taste of Soul Foods is still building its capacity. Tera Johnson's support and encouragement was most appreciated.
Slow Money Wisconsin
Slow Money Wisconsin is a regional network within the national Slow Money Institute. We are bringing people interested in investing in local food enterprises and sustainable farms here in Wisconsin together with the sustainable farms and local food entrepreneurs seeking investment. We are also looking to have some fun along the way.
Working with Forward Community Investment (FCI), Tera Johnson of the UW-Extension Food and Finance Institute, and the Willy Street Co-op, we've instigated the Willy Street Co-op Local Vendor Loan Fund.
In 2013 & 2014 we hosted our first Business and Investors Showcases, featuring 8 local food entrepreneurs in the first, and 9 in the second. Over $600,000 worth of investment resulted from the 2013 Business and Investors Showcase to-date.
"Slow Money's BIS has been a unique and rewarding way for me to grow as an entrepreneur. It is a space that allows for beginning conversation between businesses and investors. These are conversations that I believe are leading to lifelong relationships. As a young businessperson with no real connections to funding sources outside of my small circle this event and community have become my foundation for building and maintaining these relationships. As a result of the BIS, I have engaged with two strong financial partners and continue to meet others on a consistent basis both in the food industry and investment industry." - Rufus Haucke, Just Local Foods
Steering Committee consists of Grant Abert, Tera Johnson, Bartlett Durand, Tina Frailey, Jim Gage, Beth Gehred, Mark Olson, and Anne Pfeiffer with insights from Michael Hernke, Rebecca Ryan and others.