Total of $1,033,400 Invested to Cultivate Food Production

NEWS RELEASE      FarmWorks Investment Co-operative Limited

For Release March 30, 2015

Funds for Food – FarmWorks is cultivating food producers

FarmWorks has reached its first million! A fourth offer of FarmWorks Shares has raised $312,400 from Nova Scotians interested in supporting food producers and growing the Provincial economy. This brings the three year total to $1,033,400 and to date loans have been granted to 34 businesses across the Province. Funds from the new Offer will be loaned to applicants who meet FarmWorks criteria of excellent business planning, and home-grown production and sales.   

FarmWorks Investment Co-operative Limited sells Community Economic Development Investment Fund (CEDIF) Shares to raise capital for strategic and responsible investment in sustainable food production. This capital is loaned to qualifying food-related enterprises that contribute to the Provincial economy by creating jobs on farms and throughout the food system, stimulating the economy, increasing food sufficiency and providing benefits for all Nova Scotians. As loans are repaid the capital is loaned to new applicants.

To date the following businesses have received FarmWorks loans: Pie r Squared, Big Spruce Brewing, Kingsville Farm, Fenol Farm, Stewart’s Organic Farm, Oakview Farm, Meander River Farm, Valley Flaxflour, Meadowbrook Meat Market, Charcuterie Ratinaud French Cuisine, Wandering Shepherd Cheese, Rocky Top Farm, Helen B’s Preserves, Savour Deli, Local Source Market, Gold Island Bakery, Vincent Food Dressings, Good Lake Farm, Field Guide Restaurant, Fruition, Hoppy’s Farm, Millennium Gardens, The Port Grocer, Boxing Rock Brewing, Down on the Corner Farm, Flying Apron Cookery, South Shore Farm, Forever Green Farm, Highland Drive Storehouse, Getaway Farm, Rockwell Local No 9, Meadows’ Brother’s Farm, Loré’s Strawberry Farm, Thousand Hills Farm.

Across the Province FarmWorks hosts Information Sessions for potential investors and Entrepreneurs’ Showcases with “Gentle Dragons” asking questions of entrepreneurs interested in applying for FarmWorks loans. Mentoring and promotion is provided, and annually in October FarmWorks Flavours brings producers together with people who are interested in sampling and learning more about their products.

The fourteen Directors of FarmWorks Investment Co-operative Limited come from across Nova Scotia and, in collaboration with many knowledgeable Advisors, bring expertise in agriculture and food production, economic development, education, health, and business finance and funding decisions.

FarmWorks Share Offers, which require a Certificate of Registration under the Nova Scotia Equity Tax Credit Legislation and non-objection by the Nova Scotia Securities Commission, enable investors who meet the criteria set out in the Legislation to purchase shares in FarmWorks CEDIF and receive a personal 35% non-refundable Nova Scotia Equity Tax Credit. Investors may be eligible for further Tax Credits of 20% and 10% at the 5 and 10 year investment anniversaries. Investments may be eligible for RRSP tax deferral.

FarmWorks Annual General Meeting will take place on April 30th at 3 pm at the Louis Millett Community Centre, Room 119, 9489 Commercial Street, New Minas.  In the same location, at 6 pm the annual April Flavours Dinner sponsored by Friends of Agriculture will feature food and beverages provided and prepared by FarmWorks clients and other food producers. Tickets are $40, are required to be purchased in advance, and are available from Linda Best, various local sources and online (details at https://sandbox.farmworks.ca/fans/)

For more information about this press release contact:

Peter Hicklenton or Linda Best
Co-chairs, FarmWorks Investment Co-operative Limited

Phone: 902-542-3442 or 902-670-3660

lbest@ns.sympatico.ca

FarmWorks Flavours 2015

Flavours 2015 11x17

Bring your appetite and bring your friends!
Sample delicious local foods and beverages provided by the outstanding food entrepreneurs supported by FarmWorks Investment Co-op Limited.

Meet the Producers, talk with them about their businesses and learn where to find their products.
Have great conversations about the delicious, nutritious foods of Nova Scotia

FarmWorks Directors will provide information about the benefits of investing in FarmWorks and supporting farms and food producers.

Please forward this information to anyone who may be interested!


 

The menu items available last year!FarmWorks Flavours Menu front 2014_2

 

Why FarmWorks Matters

PRESS RELEASE – May 26, 2014

More than 25 jobs created within two years by entrepreneurs supported by FarmWorks

FarmWorks Investment Co-operative Limited announced today that 18 Nova Scotian food-related businesses receiving loans in the 18 months between May 2012 and December 2013 have created 20 full time jobs and six part time jobs as a direct result of FarmWorks loans. More …. FarmWorks evaluation report May 2014

July Impact Report Information

Impacts of Local Investment – Survey of FarmWorks Clients

Economic and Social Impacts of FarmWorks Support for Food Related Businesses in Nova Scotia

Anticipated figures for 2017 based on 70 (relative to 38) businesses that have received $2,078,000 (relative to $1,005,500): revenue $15,000,000, expenses $13,000,000, full or part-time jobs 475.

I think that entrepreneurs should boast about the support that we receive and where we receive it. Too often I see an article on a start-up entrepreneur and they do not mention the support that they received early on, and I think that it is very important that they do, so that others can be aware of it!” FarmWorks client’s comment.

Robert MacEachern – Director

Robert MacEachern grew up in the Antigonish area and currently lives with his wife and children in Halifax where he is the Indigenous and Diversity Program Manager, Global Health Office, Faculty of Medicine, Dalhousie University. Previously he was the Non-Insured Health Benefits Navigator / Policy Support for the Atlantic Policy Congress of First Nations Chiefs, and Culture Program / Department Coordinator for the Wabano Centre for Aboriginal Health.

Joe has served on the Executive or as a member of many Boards and was the Founder of the Evolve Music Festival. He is an experienced health care navigator and case manager, program coordinator, manager, researcher, grant writer and fundraiser.

Joe is a former FarmWorks Director (April 2013 – June 2015) and also a former FarmWorks supported business owner who paid off his loan in 2017.  He looks forward to the opportunity to rejoin the board because he is passionate about local food and has a special place in his heart for FarmWorks and the experience of helping local producers and restaurants succeed. He has a wealth of knowledge about local food production and distribution and would love to put this knowledge to work to help FarmWorks grow into the future.

Valerie VanOosturm – Secretary

Valerie VanOosturmB Commerce 1997 Saint Mary’s University. For the past 18 years working at Just Us! Coffee Roasters Co-op in Customer Service & Orders; President of the Just Us! Coffee Roasters Co-operative Board during a time a transition. I am interested in being involved in an organization committed to promoting and financially supporting agriculture and a sustainable future for Nova Scotia.  A key to this is providing a local food supply for Nova Scotians.  Born and raised in Grafton, NS on a family farm, we raised beef cattle and grew apples.  I worked with my father and brothers on the farm until I left to attend university.  I have always wanted to get back into the agriculture sector locally and this opportunity allows me to use both my personal experience, my passion for farming and my work with Just Us! working with small farmers globally.

Chris Atwood – Director

Chris AtwoodChris has been the Executive Director of the Yarmouth Community Business Development Corporation (CBDC) since July 2005. For 6 years prior to this he worked for the South West Shore Development Authority as a Development Officer and was primarily responsible for coordinating the Community Access Program (CAP) and agriculture development initiatives for South Western Nova Scotia. Chris has been involved with a number of international development initiatives and has worked on projects in St. Vincent and the Grenadines, Moldova, Thailand, Nigeria, the former Czechoslovakia and Swaziland.

Chris graduated from the Nova Scotia Agriculture College in 1990 with a BSc. (Agr) in Plant Protection and grew up in Pictou County on the family sheep and vegetable farm.

Chris is an active community volunteer and has served as President of the Yarmouth and Area Chamber of Commerce, President of the Nova Scotia Institute of Agrologists, Chair of the Nova Scotia Chambers of Commerce, Chair of the Yarmouth Development Corporation and Chair of the South West Nova Community Access Society. He has also served on the Board of the Entrepreneurs with Disabilities Network and AACBDC Atlantic Canada Community Business Investment Fund Board.

Specialties: Innovative results-driven professional with extensive track record in economic and business development and project management in Eastern Europe, North America, Asia, and Africa. Chris excels at building and motivating teams and is detail-oriented with strong project management and proposal development skills.

 

Aaron Eisses, Director

Aaron EissesI was raised on a dairy farm in Colchester County, Nova Scotia. Growing up on the farm I was taught the lessons of hard work, community, and pulling together to get through hard times, and an understanding of the climate and how changes are affecting the environment.

I studied computer science at Dalhousie University. After graduation, I moved to Ottawa and worked for Nortel Networks. At Nortel I became an accomplished problem solver and team player. Unfortunately, while at Nortel, I also experienced the ugly side of business. In 2005 it was time for me to leave Nortel so I took a layoff package and returned to the family farm.

On returning to Nova Scotia I had the opportunity to work on several different family farms. From milking cows, pruning apple trees, raising beef cattle, growing corn, harvesting carrots, operating greenhouses and growing flowers, I have worked on many different types of farms. Working in agriculture presents many challenges and also demands long days and hard work.

In fall 2009, the day after seeing an iPhone for the first time, I bought a MacBook and began developing iPhone Apps. In the fall of 2010 I moved to Halifax and have been developing mobile phone and tablet applications for iPhones and Androids ever since. Working on mobile devices has been an exciting challenge for me. Smaller screen size and hardware have allowed my creativity and problem solving opportunities to flourish.

I have a passion for sustainable development and living in harmony with the world around us. As a problem solver I think there is no problem that cannot be solved and I enjoy solving problems that affect everyone.