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Grocery store co-op continues quest for financing

The store front of the Grassroots market (WSET)

LYNCHBURG, Va. (WSET) - One local market is continuing the quest to open in downtown Lynchburg.

Grassroots Local Market says the Bank of the James denied funding, saying the business was too much of a risk.

Thursday, the co-op sent out a press release saying the board of directors agreed to continue searching for financing.

"Grassroots Local Market is a newly formed food cooperative whose vision is to bring a full service natural foods grocery to downtown Lynchburg. To be located at 1300 Main St, the co-op will source local, organic, and natural products as much as possible. With a total of 720 memberships sold and other funding, including the still to be located commercial financing, the cooperative is ready to begin building out the store," the release said.

“I joined Grassroots Local Market because there are hundreds of people in the downtown area who are unable to afford the $200 member fee but still deserve access to healthy, fresh food in their community. Joining Grassroots Local Market is the first step toward reducing food insecurity in our community," Kat Macklin, Director of Outdoor Programs at Sweet Briar said.

The co-op says about a third of the members wanted to continue the pursuit to open the store, spurring the vote from the board.

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