Lee Wallace

CEO/owner

Peace Coffee

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Year

Description

In late 2017, Lee Wallace became Peace Coffee’s owner, after enlisting the help of an outside financer and buying it from the Institute for Agriculture and Trade Policy. In Wallace’s first year, 11 staff members were added. This year, the three-location, $7 million-plus business added a new store in downtown Minneapolis. Peace Coffee is working to double its roasting capacity to boost retail coffee sales. Wallace has also helped ramp up efforts to promote sustainable, ethically sourced coffee trade. Through a grant set up in 2016, the company started supporting projects by farmers in Peru, Honduras, and Ethiopia that address climate change. Wallace plans to continue that program and other mission-based efforts, as well as continue expanding the company’s retail presence, which currently includes Cub Foods, Lunds & Byerlys, and Coborn’s.