Posts with tag: "#fromtheboardroom"
Tuesday, March 03, 2026
By Deep Roots Market

Greensboro City Council Recognizes Deep Roots Market for 50 Years of Service to the Community

At the March 2nd, 2026, Greensboro City Council Meeting, Deep Roots Market was honored to receive a special resolution commemorating the co-op's 50 years of service to Greensboro and its surrounding communities.

The resolution was presented by District 3 Councilmember April Parker and accepted with immense gratitude on behalf of the co-op by General Manager Matt Davis, Board President Drew Dix, Board Co-Vice President Spoma Jovanovic, and Board Members Cecelia Allen and Andrea Davidson.

 
Saturday, February 21, 2026
By Deep Roots Market

Deep Roots Market Board of Directors Meetings

All Deep Roots Owners are welcome to attend monthly board meetings as observers. Meetings are typically held on the 4th Monday of each month from 6:00 to 8:00 pm, with social meet & greet time from 5:00 to 6:00 pm.

Grab a seat at our meetings held in the Co-op's Community Room or attend via Google Meet. To attend virtually, email boardofdirectors@deeprootsmarket.com at least 24 hours prior to the scheduled meeting for a meeting invitation link.

 

2026 Meeting Dates & Main Topics of Discussion

  • Monday, January 26 - Asset Protection, Emergency GM Succession, Monitoring GM Performance
  • Monday, February 23 - Financial Condition & Activities 4Q25, Unity of Control 
  • Monday, March 23 - Staff Treatment & Compensation, Accountability of the GM
  • Monday, April 27 - Owner Rights & Responsibilities, Communications to Owners, Global Governance Commitment
  • Monday, May 18 -  Financial Condition & Activities 1Q26
  • Monday, June 22 - Treatment of Customers, Board Responsibilities, Officers' Roles
  • Monday, July 27 - Global Executive Constraint, Directors' Code of Conduct
  • August - Annual Board Retreat (no regular meeting)
  • Monday, September 28 - Financial Condition & Activities 2Q26, Delegation to the GM, Board Calendar Planning
  • Monday, October 26 - Communication & Support to the Board, Board Committees
  • Monday, November 23 - Financial Condition & Activities 3Q26
  • Monday, December 21 - Business Planning & Financial Budgeting, Board Meetings
 
Monday, October 27, 2025
By Deep Roots Market Board of Directors

At Deep Roots Market, you — our Owners — are the foundation of everything we do. Your dedication, participation, and shared values have allowed us to serve the Greensboro community for 50 years with integrity, local ownership, and a strong cooperative spirit.

As many of you know, Deep Roots Market operates under a set Cooperative Principles which guide cooperatives around the world:

  • Voluntary & Open Ownership
  • Democratic Owner Control
  • Owner Economic Participation
  • Autonomy & Independence
  • Education, Training & Information
  • Cooperation Among Cooperatives
  • Concern for Community
  • Diversity, Equity & Inclusion

These principles ensure that we remain locally controlled, locally invested, and deeply connected to the well-being of our community. Every Owner share represents not just equity in a store, but a personal investment in the health of our local economy, sustainable food systems, and community development.

 

Why an Increase is Needed

Since the late 1980s, the cost of an ownership share at Deep Roots Market has remained steady at $100. If that share price had simply followed inflation, it would now be approximately $270. While we have managed to keep ownership accessible for decades, the costs of operating a thriving, community-owned business, from infrastructure and capital improvements to vendor support and staff development, have continued to rise.

In a recent Owner survey, 86% of respondents expressed support for increasing the ownership share price to better reflect today’s economic reality while maintaining the financial health and sustainability of the Co-op. After careful consideration, and with input from you, our Owners, the Board of Directors has approved an increase:

Effective January 1, 2026, the cost of a Deep Roots Owner Share will increase from $100 to $160.

Important Notes:

  • This increase only applies to new Owner shares purchased on or after January 1, 2026.
  • Current Owners who have already purchased a share remain fully vested at the original $100 share price.
  • This decision allows us to maintain fiscal responsibility while continuing to provide the high-quality products, community programming, and cooperative values you expect from Deep Roots.

 

Staying True to Our Mission

This modest increase reflects our responsibility to maintain a viable business model while remaining accessible and inclusive. Unlike many businesses, Deep Roots Market is not owned by outside investors or distant corporations, we are owned entirely by our local community.

By strengthening our capital base through updated share pricing, we can continue to:

  • Support local farmers, producers, and artisans.
  • Maintain and improve our store facilities.
  • Offer education and outreach programs.
  • Preserve the unique cooperative model that makes Deep Roots special.
  • Sustain long-term stability for future generations of Owners.

On behalf of the Board of Directors, thank you for your continued trust, engagement, and ownership. Together, we will continue building a strong, resilient, and community-centered Deep Roots Market.

If you have any questions or would like more information, please don’t hesitate to contact us or attend one of our upcoming Owner meetings.


Frequently Asked Questions

1. Why is Deep Roots Market increasing the Owner Share price?

The cost of an ownership share has remained at $100 since the late 1980s. If the price had kept pace with inflation, it would be approximately $270 today. Increasing the share price to $160 helps ensure the Co-op has sufficient capital to maintain financial stability, make necessary store improvements, and continue supporting our local economy and community.

2. How was this decision made?

The Board of Directors carefully considered financial data, long-term sustainability, and feedback from our Owners. In a recent Owner survey, 86% of respondents supported the increase. After thorough review, the Board voted to approve the increase.

3. Who will this price increase affect?

Only new Owners joining the Co-op on or after January 1, 2026, will pay the new share price of $160. Current Owners who have already purchased a share at $100 remain fully vested and will not be asked to contribute additional funds.

4. Why not raise the price to match inflation?

The Board aims to balance financial responsibility with accessibility. While inflation suggests a much higher share price, $160 was selected as a moderate increase that supports financial stability while keeping ownership attainable for most community members.

5. What is the Owner Share used for?

Owner Shares provide essential capital for store operations, facility maintenance, upgrades, and special projects that support the Co-op's long-term sustainability. Owner capital is a cornerstone of our cooperative model and helps ensure our independence and community control.

6. Is this a one-time payment or an annual fee?

The Owner Share is a one-time equity investment. There are no annual fees to maintain ownership.

7. Will there be more increases in the future?

Any future increases would be carefully evaluated by the Board of Directors based on financial needs, business conditions, and Owner input.

8. Where can I get more information or ask questions?

Owners are always welcome to reach out to the Board of Directors or management with questions. You may also attend upcoming Owner meetings for open discussion.

 
Wednesday, July 23, 2025
By Spoma Jovanovic, Board President

For the past year, I have had the pleasure of serving as board president for Deep Roots Market. The experience was invigorating, challenging, and rewarding. I want to thank the board of directors and our owners for investing their trust in me. Our structure of nine owners as board members taking on different tasks, yields tremendous results. The board and the store ownership exude democratic action!

Each year, your voting in elections ensures that all Deep Roots’ owners have a say annually in who oversees operations and finances, establishes policies, and monitors the activities of the general manager.

Then, the board elects its own officers, annually — president, vice president, treasurer and secretary. This year, we had a very smooth transition with some new and returning faces holding officer positions.

Please welcome your new board president, Drew Dix, when you see him in the store. He has served faithfully on the board for years, most recently as vice president, and has deep knowledge of sales and food. More importantly, his interest in being inclusive and learning with others ensures that he puts democracy to work in his everyday actions.

Brittany Peters continues for a second year as secretary, Debra Smith El Al takes on a new role as treasurer, and we elected Mollie Blafer as co-vice president. Other board members were elected to officer positions as well: Lisa Hinton as assistant secretary, Khaila Daye continuing as assistant treasurer, and me, Spoma Jovanovic, serving as co-vice president.

As I turn over presidential duties to Drew Dix, I do so with full confidence and appreciation for his friendship and leadership. My hope is that Drew will enjoy the role as much as I did, and that I will have a little more time for tennis (anyone want to play???) and family time Democracy…I love it because we all continue to be in this together—owners and board members in changing roles but always supportive of our co-op!!

 
Wednesday, May 28, 2025
By Spoma Jovanovic, Board President

We are happy to announce the results of Deep Roots Market’s first (ever!) runoff election for a Board of Directors seat. Lisa Hinton Donkor received the most votes though there were a lot of votes cast for Benjamin Free as well. Thank you to these fine candidates and to all the owners who voted for them.

The final list of the 2025-2026 Board Members (with their term expiration date) includes:

  • Brittany Peters (2026)
  • Debra Smith El (2026)
  • Lisa Hinton Donkor (2026)
  • Khaila Daye (2027)
  • Drew Dix (2027)
  • Mollie Blafer (2027)
  • Cecelia Allen (2028)
  • Spoma Jovanovic (2028)
  • Andrea Li (2028)