Funding & Schedule
The SEMALA Team has assembled a budget of $4.53 million to build and open the facility. To finance the project, we are raising a combination of public purpose debt, private investment, grants from both charitable foundations and the public sector as well as fundraising from our members and supporters. While we proceed through the process of applying for federal tax exempt status, SEMALA is working with The Community Foundation of Southeastern Massachusetts, a qualified 501(c)(3), as a fiscal sponsor.
The fundraising is logically broken into four pieces:
Phase I - Engineering & Permitting
Phase II - Land Acquisition and Construction
(raising capital for this phase is underway)
SEMALA has been awarded grants from five charitable foundations (Island Foundation, Henry P. Kendall Foundation, John Merck Fund, Grantham Foundation, and the Weatherlow Foundation), two major donors, and a Local Food Promotion Program grant from the USDA that are all being used in the designing and permitting phase of our project. We are now working on securing funding for Phase I, Stage 3, which includes final permitting (building permits) and the final design of the building. We are scheduled to close on the land in Westport this coming summer and hope to start construction in late summer/early fall. We plan to open the facility in the winter of 2015/2016.