What is the current status of the project?

People’s Community Market is a startup business that is currently in its pre-development phase. We have undertaken a thorough planning process and have assembled a seasoned leadership team. We have raised over $1.2M in working capital through a public stock offering in which over 400 California residents purchased shares in our company. The success of that campaign helped us establish a credible negotiating position with property owners, financial institutions and key partners. We are now working to secure a site, as well as institutional financing for the acquisition of the site and construction of the store. Once we have secured a site, we plan to launch a second campaign to raise $786,000 in additional public investment.

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