The N&R reports the Greensboro City Council will consider a forgivable, interest-free $100,000 loan to help Deep Roots Market set up shop at their new downtown location:
In exchange, Deep Roots must commit to hiring five new full-time employees and the site must continue to be a grocery store for the 20-year term of the loan.
…If the loan is approved, Deep Roots will be required to hire the new employees at an average wage of $12.95 an hour with paid medical benefits by March 2013.
Wonder how the council will vote. The city wants this bad —especially now that John Lomax’s Greenway at Fisher Park apartments are going up.
