Here is a current update as of 5/22/13
As I noted in my last post ... I am going to place all updates on progress here on this blog so I do not have to be pestering you with email copies etc, etc ... if you want more detailed information send me an email at: firstname.lastname@example.org or call me at: 410-227-0498 and I'll update you on specifics.
Even though we had successfully negotiated our way through the bureaucratic morass of government, our effort in Louisville eventually blew up as it crashed upon the hard rocks of communications and individual greed and dishonesty. I cannot characterize or explain that any more since legal issues are involved and lawyers will eventually get it settled. These things are expected in any such attempt to do something innovative. Especially when one is as underfunded as are we.
However, when one is called to such an endeavor, failing is not an option. We have every intention of ultimate success as this is simply too important to the People, the Planet, and the Economy to let go. Accordingly we are now engaged fully with a number of promising initiatives. I will list them using general descriptors so as not to betray or compromise deals in progress. As a number of prospective opportunities are in play, I will need to list them in individual posts.
I can use the the city name with impunity ... I trust.
The District of Columbia should be an example of our country's global leadership in all areas of endeavor. In fact urban blight is a universal constant both here and in the rest of America. Our intention is to use urban farming and market forces to change that across the country and to stare right here in Washington.
We have had several communications with the Mayor's office of Economic Opportunity as well as our councilman's office all with positive results. Yesterday we met on WebEx with senior staff from the city and the city's Bond Counsel regarding Industrial Resource Bonds. Our lawyers are no getting in touch with the city's law firm to move that forward. It is most promising to get to this stage so quickly. Our Councilman represents ward 5 and some of the poorest sections of DC mainly, so called "Ivy City."
Other Municipal Developments
In a sister city to the north, we have engaged with a local urban farming company to build a demonstration project on a city site controlled by them. They will give us the site, build the structure, and provide utilities. We will pay for the equipment and design, build, and operate. This is another very positive outcome after the crash. We have a funding source (both and investor and grantor organization with whom we expect to engage there)
A Major Asset
In concluding this post ... We also have a contract with the prestigious law firm of Foley Lardner to take us through 2 rounds of private equity funding. The delay has been on our part as we tried to locate funding for a JBM (justice based management http://www.eei-consultants.com/#Anchor-Justice-Based-5677 ESOP. Our intentions being to provide every worker with real ownership in the form of voting stock - real ownership means that EVERYworker will be the equal in equity of the President of the company ... a powerful and fundamental component of economic justice.
Stay tuned ... more soon.