What a crazy winter! And now that spring is here, I wanted to provide a progress report for Terre Foods Cooperative Market. The Board of Directors and other leadership personnel haven't been idle over the winter, though we haven't been able to communicate much of our activities. Indeed, we've been quite busy working on many of the aspects that will make our store a success.
Since the Annual Meeting, the Board has been vetting sites and to say this process was exhausting would be an understatement. We've literally looked at dozens of sites in the target area, with many promising ones that ultimately weren't feasible. What we thought would be a fairly quick process has ended up being very frustrating and time consuming. In the end though, we have three potential homes for Terre Foods!
Now that the three sites have been identified, we are on to the next steps in the process. An initial market analysis has been performed, and all three sites are feasible. The next stages will be to have a full market study, which includes an initial design consultation to identify any conflicts with generally accepted grocery store design and functionality; and revising our capital campaign and financing strategies.
The Terre Foods leadership has also started the process of hiring a General Manager. The level of the candidates has been high, and we were excited by the volume of responses. An initial round of interviews has taken place, with very positive results.
We are also developing strategic partnerships and more! While we are a bit behind the timeline set out at the last Annual Meeting, rest assured that we've been pursuing a course of action committed to the best outcome of a successful store for years to come.
Board President, Terre Foods Cooperative Market