Who does Carrot Cache fund?
Carrot Cache invests in people who are working either in worker co-operatives
or who are working for an organization promoting organic agriculture and/or
community food strategies. Carrot Cache funds groups across Canada and has
supported Canadians who are working internationally.
Carrot Cache tends to fund small projects
in their beginning stages.
The investment can take the form of a loan, purchase of Class A non voting
preferred shares, or simply of a grant. The amount varies from $500 to occasionally
$10,000. Loan amounts are negotiable and must be secured by guarantees and/or
promissory notes.
What are the expectations?
For worker co-operatives Carrot Cache is interested in how the investment
will help create and maintain secure and well paying jobs.
For projects focused on organic agriculture or community food projects Carrot
Cache
looks for leaders who have the energy, knowledge and passion to carry out
a particular idea. We tend to focus on practical projects that are up and
running rather than supporting people while they are in the thinking stages
of a project. Carrot Cache prides itself on being flexible and open to new
ideas.
What Carrot Cache
has found to be key elements of success?
• Excellence in service or product
• Perseverance and attention to detail
• Strongly committed key people
• Strong community support
• Attention paid to the finances
• Multiple sources of investment and income
• Ability to analyze problems and change direction if necessary
Where does the money for Carrot Cache come from?
Fifty percent of the profits of Carrot Common go into
Carrot Cache each year. Carrot Common at 348 Danforth in Toronto is a retail
mall which has 15 stores around a central courtyard. The second floor offices
are rented to health-centred practitioners.
What are the reporting requirements?
Carrot Cache works out a reporting agreement for each
project. Using pictures and stories Carrot Cache would like to promote some
of the projects on our website. Carrot Cache hopes to trace and document
the successes and failures of our funding decisions so that we can use the
money wisely.
How to apply to Carrot Cache?
The Carrot Cache Community Resouce Board meets approximately
four times a year to discuss the applications. Submissions are due approximately
three weeks in advance.
(If you are asking for Class A investment or a loan a business plan is required
in addition to the application.)
For information on meeting dates and to discuss your idea to see if your
proposal is eligible for funding please email Mary Lou Morgan at marylou.morgan@primus.ca.




