Guest presentation by Lonnie Mesick and associates of Ag Spectra/Starfield Center (Magrath Greenhouse project) was made at our Wed 22 Mar 2016 7pm Chamber meeting. They are currently seeking investors and preparing for phase 1 of project - the first three (orchard/fruit/veggie) of proposed six building greenhouse complex to be built in 2016. Mr Mesick described some of their plans and goals. Questions addressed timeframes and plans for implementation, employment (expect to need 30 fulltime and 30 more fulltime equiv jobs starting mid 2016). What obstacles? Money: Local investment preferred, hope to raise 1.2 million from investment or co-op funding plus federal 1-1 matching grant with estimated 11 million per year gross profit when in full production. They plan to return 2% of those profits to town via Sustainability Board. Working on completion of Terms Sheet, Use of Funds document, and Securities Offering (not yet filed with Alberta Securities, but plan to once 50 investors obtained). Office at former Home Hardware location (behind Roosters) currently open M,W,F from 10am-4pm. Initial open house was held last month with about 100 attending. Next public open house scheduled for Sat 2 Apr 2016 with time TBA. Their website link is www.starfieldcentre.com
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