Building a Community-Owned Grocery Store
The Assabet Co-op Market is opening a community-owned, full-service grocery store in Maynard that serves the entire Metro West region. Our mission is to support the regional food system; strengthen the local economy; promote the well-being of our Members, our community, and the environment; and be a center of community activity.
The Co-op began when a group of people met in 2012 to talk about opening a community-owned grocery store. The group expanded, began selling memberships, and raised seed funds.
We obtained our market study in June 2015 and found that Maynard is the ideal location for a thriving co-op – it’s surrounded by farms (our suppliers), surrounded by towns that value local food, and at the intersections of routes 2, 117, 27, and 62. The studies determined that we can support a 6,000-10,000-square-foot store with an adjacent parking lot. This size will allow for a full-service grocery store where customers can do their weekly shopping.
Where are we now?
We have signed our lease on 86 Powder Mill Road in Maynard! We have more than 1,700 Owners from more than 40 towns, and we’ve raised $1.5M in interest-paying Owner loans, 75% of our $2M Capital Campaign goal!
What comes next?
We will open our doors in 2022, and we’re moving forward with store designs, permitting, and the final phase of our Capital Campaign. Investing in the Campaign is not a requirement of Ownership, but it’s a great way to invest in all our shared values around local food and community.
Join more than 1,700 friends by becoming a Co-op Owner today. Already an Owner? To make an interest-paying loan to our Capital Campaign and help us cross the finish line, e-mail Campaign@assabetmarket.coop today to request your prospectus!