At Healthy Living today, Jack Gilbert discussed his effort to expand his line of Gringo Jack's products with a "CHIP IN" local investment campaign. VBM photo
Vermont Business Magazine Vermont-based specialty food producer Gringo Jack’s announced today at Healthy Living market in South Burlington plans to expand their line of locally produced and sourced specialty food products. Gringo Jack’s, known throughout the Northeast for their “Flaky Chips,” “Sassy Salsa” and Craft Beer BBQ Sauces, launched the “CHIP IN” local investment campaign to help finance this expansion.
CHIP IN utilizes the newly authorized Vermont Small Business Offering (VSBO), a program that allows Vermonters to make small investments in local businesses with a goal of growing the local economy. As with any investment CHIP IN provides investors with the potential for a financial return. Additionally, CHIP IN provides Vermonters the opportunity for true “impact investment” because, if successful, it will help grow jobs both at Gringo Jack’s as well as the company’s local suppliers and circulate wealth within the community.
“CHIP IN will raise capital to expand our product lines and distribution networks.” said Jack Gilbert, Founder and CEO of Gringo Jack’s. “It will also allow us to build new partnerships with local farms, producers and retail establishments. In addition to building a regional food system and growing jobs in Vermont.”
CHIP IN will utilize Milk Money VT for the local investment campaign. Milk Money is a Vermont-based crowdfunding platform that specializes in VSBO.
“We are very excited to be using VSBO to expand Gringo Jack’s,” said Gilbert. “Not only are we growing our business, we also hope to create jobs and invest back into our local economy. A core value at Gringo Jack’s is support local, buy local and invest local.”
Gringo Jack’s invites all Vermonters interested in investing to visit www.milkmoneyvt.com to learn more.
Gringo Jack’s
A selection of Gringo Jack's famous “Flaky Chips." VBM photo.
Gringo Jack’s is owned and operated in Manchester, VT. In 2012, we formed Gringo Kitchens as a manufacturer of a unique line of all natural chips, salsa and sauces. Our principal office is located in Manchester, Vermont and our production facility is located in Sunderland, Vermont. Gringo Kitchens has grown from $5000 in sales at Gringo Jack’s Bar and Grill to $500,000 in 2015. In 2012 GK LLC was formed as separate entity from the restaurant to focus on distribution through the natural, Grocery and foodservice channels predominantly in Vermont and East Coast.
Source: Gringo Jack’s South Burlington 8.18.2016