SLOW MONEY LOANS TO FOOD COMPANIES
Boulder nonprofit Slow Money, which focuses on investing in local organic food companies and farms, is launching an interest-free loan program.
“We will be encouraging people to take 1 percent out of their 401(k) or other investments and donate it to the SOIL (Slow Opportunities for Investing Locally) fund,” said Woody Tasch, Slow Money’s founder. “The fund will be used to give 0 percent loans for local food producers and product manufacturers.”
The loans will go to Front Range food operations. The announcement will be made at a Friday “decelerator” event at Lone Hawk Farm in Boulder. Details: slowmoney.org/slow-money-decelerator.
Through Slow Money, investors have funneled more than $50 million to more than 500 small food entrepreneurs.