FOR IMMEDIATE RELEASE
For further information, contact:
Louisa Schibli/Janice Shade, co-founders Milk Money L3C
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MILK MONEY L3C ANNOUNCES GRINGO JACK’S CROWDFUNDING CAMPAIGN ALLOWING ALL VERMONTERS THE OPPORTUNITY TO INVEST LOCAL VIA ITS PLATFORM.
Gringo Jack’s campaign marks the second Vermont Small Business Offering (VSBO) on Milk Money’s Vermont only platform giving Vermonters the opportunity to discover and invest in local businesses.
CHARLOTTE, VT, AUGUST 19, 2016 – MILK MONEY L3C, an equity crowdfunding portal for Vermonters, announces its second Invest Local campaign from GRINGO JACK’S. Vermonters will have the opportunity to learn more about and invest in Gringo Jack’s ‘CHIP IN’ campaign via the Milk Money platform.
Milk Money offers the opportunity for true “impact investing” since a dollar invested in a local business generates potential financial return as well as tangible social return on investment. By investing in a local business such as Gringo Jack’s, you will help to create new jobs, both at Gringo Jack’s and Gringo Jack’s suppliers, circulate wealth and build a stronger community that fosters new relationships between businesses and community members. The Milk Money platform serves as a meeting place for Vermonters to discover local investment opportunities such as Gringo Jack’s.
Gringo Jack’s is a manufacturer of “Flaky Chips”, “Sassy Salsa”, and Craft Beer BBQ sauces. These offerings are unique on-trend products created with non-GMO & super foods ingredients. Twenty years ago, Gringo Jack’s started as a restaurant in Manchester serving house made chips, salsas and sauces. These items were so popular with many guests taking them home, Gringo Jack’s consumer products was born. Their sales have grown from $5000 at Gringo Jack’s Bar and Grill to $500,000 in 2015 with regional distribution. In 2012, Gringo Kitchens LLC was separated from the restaurant to focus on production and distribution through the natural, grocery and foodservice channels predominantly in Vermont and the North East. Gringo Kitchens LLC is outfitted with a 4300 sq. foot production facility in Sunderland, VT with a bottling room and a chip packaging room. They currently have 12 employees who have received on the job training for good manufacturing practices and food safety in cooperation with VMEC. Gringo Jack’s mission is the expand the growth of the Vermont food system through job creation, increasing their purchasing of locally grown and produced ingredients, and to become a standard bearer for the Support Local, Buy Local movements and now Invest Local.
Vermonters who want to learn more about the Gringo Jack’s ‘CHIP IN” opportunity can find investment details on the Milk Money website (www.MilkMoneyVT.com). The registration process is quick and easy for any adult with a Vermont driver's license.
About Milk Money
Milk Money L3C is Vermont's first third-party equity crowdfunding portal. The company's website, www.MilkMoneyVT.com, was launched in July 2015 with a mission to put the means for creating new businesses, a strong local economy and personal wealth within the reach of all Vermonters. Based in Charlotte, Vermont, it was founded by two seasoned entrepreneurs who identified a hole in the early stage capital market and created a solution that takes advantage of the Vermont Small Business Offering (VSBO) regulatory updates of July 2014.
Milk Money is powered by VSECU through its wholly owned, independently operated, subsidiary, Vermont Heritage Financial Group, Inc. Investments made through Milk Money are not federally insured by NCUA, involve investment risk, may lose value and are not obligations of or guaranteed by the credit union.
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