New Leaf Market Co-op Gives $100,000 to Member-Owners
TALLAHASSEE – The New Leaf Market Co-op (NLMC) is distributing $100,000 to its members as part of it annual Patronage Rebate Program. Co-op owners will receive a percentage of profit based on the percentage of total sales attributable to their purchases. Last week, Board President Jim Terrell and General Manager Larrane Hartridge presented co-op owners Brian and Jennifer Hall with the first of 5,200 checks to be distributed on September 23. This is the first patronage rebate awarded since 2010 and marks a significant economic milestone for Tallahassee’s local business community.
“We're co-op members because we believe in the co-operative principles—investing a stake in the health, well-being, and future of our local farmers, community members, and service providers,” said Brian Hall. “This patronage rebate confirms what we know about New Leaf’s commitment to our area. We are thrilled that we have been able to support the store, the staff, and our community this way.”
NLMC remains one of Tallahassee’s economic success stories. The “cooperatively” owned business belongs to more than 11,589 owners who for a one-time, fully refundable fee of $100, invest in the operations. The market is owned by residents throughout the Capital Region and a significant portion of its products come from local growers and farms, exponentially making it a critical part of a healthy economy.
“The success of Florida’s Capital Region depends on sustainable businesses committed to protecting the area’s natural resources while serving the diverse interests of our local consumers,” said President/CEO of the Greater Tallahassee Chamber of Commerce Sue Dick. “By reinvesting $100,000 back into the community, New Leaf Market Co-op shows its dedication to our economic achievements.”
Next year, NLMC will celebrate its 40th Anniversary and remains competitive to meet the changing needs of the area. NLMC currently employs 99 people and pays an average hourly wage nearly twice the state’s minimum wage ($13.15 per hour). Turnover is low with two-thirds of the staff employed for more than five years and during the last fiscal year, sales were $12.9 million. Unlike a franchise grocer, NLMC is not solely profit driven. Instead it balances the needs of its owners and community with everyday business, supporting local organizations like Big Bend Hospice, Oak Ridge Elementary School, Red Hills Small Farm Alliance, Second Harvest of the Big Bend, Sustainable Tallahassee, and The Sharing Tree.
New Leaf Market Co-op (NLMC) is a locally owned retail grocer serving the Big Bend area since 1974. NLMC is committed to building a vibrant and healthy local community by providing natural and organic foods and products. As a cooperative, it emphasizes socially and environmentally responsible practices through education and information about its products. It proudly carries a large selection of local products. Supporting local growers and producers ensures that people who love the land, who protect their livestock, and who produce delicious, safe and healthy products, are the ones creating good food to eat. Invest in yourself, invest in your community, buy local. To learn more visit www.NewLeafMarket.coop.