Watershed Fund: Difference between revisions

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The product we at Neighborhood Economics hope build with [[Eagle Market Streets]] CDC to do zero interest small expansion $10,000 philanthropic investment (give to invest) loans from the Impact Assets platform letting small civic and community groups have a sub account letting them give to invest, with the money coming out at $10,000 for small expansion loans and $5,000 for emergency short term crop disruption loans through Eagle.
[[Neighborhood Economics]] has built a fund with [[Eagle Market Streets]] CDC to do zero interest small expansion $10,000 philanthropic investment (give to invest) loans from the Impact Assets [[CataCap]] platform for local farm to table farmers including [[Rayburn Farms]] and [[Belly Full Plants Nursery]] and student entrepreneurs in the [[Warren Wilson Student Entrepreneur pilot project]] from [[Warren Wilson]].


[[Water and the growing Asheville area]] Climate




[[Stephanie Swepson Twitty]] and Eagle Market Streets CDC, will host the fund and take a fiscal sponsorship fee. Neberecon will tell the story and engage people with the fund and the issues in the food system they could be engaged in. Due diligence procedures and pipeline development are in process. Being ever mindful that we need to produce a resilient food system that will be ready for the time when it no longer makes sense to ship in food. So this is a future proofing initiative that is also a collective climate change response.
[[partners in the existing farm system]] technical assistance, business advisory, networking and connections, some funding


[[BIPOC farm/farmer pipeline]]
[[Stephanie Swepson Twitty]] and Eagle will manage the fund on the [[CataCap]] platform and take a management fee for due diligence and underwriting. [[Neighborhood Economics]] gets a part of the management fee for engagement and business development. The college will get a part of the management fee for providing technical assistace to the student entrepreneurs.
[[partners in the existing farm system]]


In its current, (late Feb 2024) design the fund has two lenses. One is focused statewide on BIPOC farmers. The other, still in feasibility stage is looking at the herbal industry in the Asheville, NC bioregion, including services, spas, real estate and classes, etc.
The Watershed Fund also has a [[WatershedDividend]]
[[Lalita Booth]] is working on designing the Watershed Fund and the #WatershedDividend.
A still in process [[Initial design of the Watershed Fund]]


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Latest revision as of 10:17, 10 September 2024

Neighborhood Economics has built a fund with Eagle Market Streets CDC to do zero interest small expansion $10,000 philanthropic investment (give to invest) loans from the Impact Assets CataCap platform for local farm to table farmers including Rayburn Farms and Belly Full Plants Nursery and student entrepreneurs in the Warren Wilson Student Entrepreneur pilot project from Warren Wilson.



Stephanie Swepson Twitty and Eagle will manage the fund on the CataCap platform and take a management fee for due diligence and underwriting. Neighborhood Economics gets a part of the management fee for engagement and business development. The college will get a part of the management fee for providing technical assistace to the student entrepreneurs. partners in the existing farm system


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