Navigation Links
Whole Foods Market(R) Lends $2.5 Million to Local Growers, Producers and Food Artisans
Date:5/26/2009

Natural and Organic Retailer Hits Milestone in Program to Help Local Producers Grow Businesses; More Loans Available Despite Nation's Credit Crunch

AUSTIN, Texas, May 26 /PRNewswire-FirstCall/ -- Whole Foods Market (Nasdaq: WFMI), the leading natural and organic foods supermarket, announced today that its Local Producer Loan Program has provided producers throughout the United States with $2.5 million in low-interest loans.

Whole Foods Market launched the Local Producer Loan Program and awarded its first loans in early 2007 with a commitment to fund up to $10 million in low-interest loans. The Company's goal is to make it easier for local and independent farmers, producers and food artisans to grow their businesses and bring more local products to market.

The Company continues to accept local loan applications from producers seeking to expand their businesses. Since the program began, nearly 50 loans have been made to businesses throughout the United States, with an additional 20 applications pending.

"Whole Foods Market is committed to helping grow local businesses, not only by providing access to these loans, but also by providing an outlet to sell their unique artisanal products," said Betsy Foster, Whole Foods Market global vice president of growth and business development. "We are thrilled to have assisted in the growth of local businesses nationwide. It's exciting to hit this milestone."

Local producers who have received loans include organic vegetable farmers, a heritage turkey grower, grass-fed cattle ranchers, a natural body care products maker and a host of other artisanal food producers. Loan recipients must meet Whole Foods Market's quality standards, use the funds for expansion and have a viable business plan. Loans range from $1,000 to $100,000 and have fixed low-interest rates.

Previous loan recipients have used their loans for purchasing more livestock, investing in new equipment, expanding production facilities, adapting to more sustainable practices or converting to organic production.

"We are so proud of both this program and the fact that even with the current economic situation we can continue to provide loans to our valued producers," said Jenny Brown, Local Producer Loan Program administrator. "We want our producers to know that we are more than a retailer - we are here to help them grow their businesses."

Among loan recipients is Phoenix-based Laughing Giraffe Organics, which produces gluten-free, raw, vegan granola and macaroons. The loan enabled company owner and founder Justin Baumgartner to increase production and move beyond selling only at a local farmer's market. His product is now sold in more than 100 Whole Foods Market stores across the United States.

"With the money we received from the Local Producer Loan Program, we were able to build a whole new kitchen and double our production capabilities, which allowed us to keep up with the pace of the growth in our business," Baumgartner said. "This money allowed us to grow, expand and be a viable company."

To view online video testimonials from Baumgartner and other loan recipients, and for other program details, visit http://www.wholefoodsmarket.com/values/local-producer-loan-program.php.

About Whole Foods Market(R)

Founded in 1980 in Austin, Texas, Whole Foods Market (www.wholefoodsmarket.com), a leader in the natural and organic foods industry and America's first national certified organic grocer, was named "America's Healthiest Grocery Store" in 2008 by Health magazine. The Whole Foods Market motto, "Whole Foods, Whole People, Whole Planet"(TM) captures the company's mission to find success in customer satisfaction and wellness, employee excellence and happiness, enhanced shareholder value, community support and environmental improvement. Thanks to its 53,000 Team Members, Whole Foods Market has been ranked as one of the "100 Best Companies to Work For" in America by FORTUNE magazine for 12 consecutive years. In fiscal year 2008, the company had sales of $8 billion and currently has more than 275 stores in the United States, Canada, and the United Kingdom. Whole Foods Market, Fresh & Wild(TM), and Harry's Farmers Market(R) are trademarks owned by Whole Foods Market IP, LP. Wild Oats(R) and Capers Community Market(TM) are trademarks owned by Wild Marks, Inc.

    Contact:
    Liz Burkhart
    (512) 542-0682
    Liz.Burkhart@wholefoods.com


'/>"/>
SOURCE Whole Foods Market
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Childs Flu Shot Helps Whole Family
2. Whole Foods Market(R) Donates $25,000, for Midwest Farmers - Hoping to Match an Additional $10,000, via Customer Donations
3. Whole Foods Market(R) Helps Shoppers Understand the Benefits of Natural Cosmetics
4. Whole Grains Do a Heart Good
5. Hagens Berman Sobol Shapiro: Judge Orders Double Damages, Issues Stinging Rebuke in Average Wholesale Price Case
6. AstraZeneca Response to November 2, 2007 Ruling In Re: Pharmaceutical Industry Average Wholesale Price Litigation, MDL No. 1456, U.S. District Court, District of Massachusetts
7. Fitness Sensation Susan Powter Returns to Her Legions of Fans and Followers with Focus on Whole Body Wellness Program
8. A Whole New Sandwich Debuts in the Freezer Aisle: LEAN POCKETS(R) Brand Introduces Latest Whole Grain Varieties
9. Kim & Scotts Gourmet Pretzels(R) Introduces Its First Empowered Pretzel(TM) Available Online and to Wholesale
10. Hidden Veggies on the go hits Whole Foods Market(R) in 2008
11. Colorado Residents and Visitors to Investigate Health in a Whole New Way
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... (PRWEB) , ... June 26, 2016 , ... Pixel Film ... Pro X. , "Film editors can give their videos a whole new perspective by ... Austin - CEO of Pixel Film Studios. , ProSlice Levels contains over 30 ...
(Date:6/25/2016)... ... June 25, 2016 , ... Austin residents seeking Mohs surgery ... of Mohs Surgery and to Dr. Russell Peckham for medical and surgical dermatology. , ... for skin cancer. The selective fellowship in Mohs Micrographic Surgery completed by Dr. Dorsey ...
(Date:6/25/2016)... ... June 25, 2016 , ... Dr. Calvin ... injury. Recently, he has implemented orthobiologic procedures as a method for treating his ... of the first doctors to perform the treatment. Orthobiologics are substances that orthopaedic ...
(Date:6/24/2016)... ... 2016 , ... June 19, 2016 is World Sickle Cell Observance Day. In ... benefits of holistic treatments, Serenity Recovery Center of Marne, Michigan, has issued ... Sickle Cell Disease (SCD) is a disorder of the red blood cells, which can ...
(Date:6/24/2016)... ... 2016 , ... Comfort Keepers® of San Diego, CA is excited to announce ... program to drive cancer patients to and from their cancer treatments. Comfort Keepers ... of life and ongoing independence. Getting to and from medical treatments is one ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... -- Research and Markets has announced ... Applications, Technologies, Forecasts" report to their offering. ... Smart Skin, Structural Health Monitoring, Composite Smart Structures, ... involves electronic and/or electrical components and circuits that ... such as vehicle bodies or conformally placed upon ...
(Date:6/24/2016)... Research and Markets has announced the ... Tests" report to their offering. ... The World Market for Companion Diagnostics covers the ... analysis in the report includes the following: ... Kits) by Region (N. America, EU, ROW), 2015-2020 , ...
(Date:6/24/2016)... Tenn. , June 24, 2016  Arkis ... providing less invasive and more durable cerebrospinal fluid ... in funding.  The Series-A funding is led by ... Lighthouse Fund, and other private investors.  Arkis, new ... neurosurgical instrumentation and the market release of its ...
Breaking Medicine Technology: