Key assumptions for potential success of the Wangaratta Community Food Hub.
- The Community Food Hub is founded on effective and broad-based partnerships and collaborations, especially with the producer community; and leverages relationships with existing and well established institutions and organisations, especially as regards access to infrastructure, logistics and funding.
- It is able to establish and maintain, from its first year of operations onwards, a diversified range of income streams, including: training and capacity building for local people and local producers; sales and logistics; warehousing and storage; a weekly people’s market; community kitchens and community lunches; food literacy programs and other forms of service provision
it’s operated by experienced and capable staff, supported by an experienced and capable Board, and has a strong emphasis on social entrepreneurship in order to wok towards a substantial degree of financial self-sufficiency through self-generated revenue streams.
The findings of the Economic Impact Assessment, based on the REMPLAN modelling software, reveal that after 12 months of operation in the Community Food Hub 9 FTE jobs would be created and supported there would be a 1.2 million dollar increase in total output to the Rural City of Wangaratta economy and a $705,000 increased value added to the Rural City of Wangaratta economy. After 5 Years of operation of Community Food Hub 21 FTE would be created and supported, there would be a $3.152 million increase in total output to the Rural City of Wangaratta economy and a $1.794 million increase in value- added to the Rural City of Wangaratta economy.
A solid Financial Analysis based on modest assumptions sees the potential for business and financial strengths and viability of a food hub. It allows for a technological connector, such as the open food network, to facilitate the preliminary phases of coordinating food hub activities. The financial modelling reveals the core activities of a Wangaratta Community Food Hub, namely education and training, storage and warehousing, marketing and distribution, and the operation of a commercial kitchen, could generate a net revenue of $322,166 within 5 Years.Key assumptions for potential success of the Wangaratta Community Food Hub