Port Orchard soon will have what is termed in the retail business as an “extreme-value” grocery retailer among its slate of businesses.

That’s what Grocery Outlet Bargain Market is calling itself these days while preparing to debut its new store on Thursday, Aug. 15, at 1730 SE Mile Hill Drive, next to Goodwill Port Orchard — which also is something of an extreme-value retailer in the “pre-owned” product business.

For South Kitsap grocery shoppers, the Emeryville, Calif.-based retailer promises cut-rate prices on brand name products as it competes with fellow chains Fred Meyer, Albertsons and Safeway in the uber-competitive grocery business.

The new store in the Towne Square Mall is owned by independent operators Greg Bovan and Deeann Haberly-Bovan, who said the store has generated 32 new jobs for the Port Orchard community.

In what they label as being a “unique” grand opening on Aug. 15, the owner-operators said they will present two $1,000 donations — one to the South Kitsap Helpline Food Bank to provide food and assistance to community members in need, and the other to First Christian Church’s Backpacks for Kids effort. That program has been helping since 2008 to feed children in the South Kitsap community with food-filled backpacks.

When the store opens at 8:55 a.m. to begin its grand-opening day, the Bovans and their employees also will give out Grocery Outlet BlissBucks gift cards ranging from $5 to $200.

Lastly, customers ages 18 and older who visit the store from Aug. 15 to Sept. 12 can enter for a chance to win a grand prize of free groceries for one year — up to $100 a month for one year. The grand-prize drawing will take place at the end of the day on Thursday, Sept. 12, at the Port Orchard store. The store’s representatives said no purchase is necessary and the winner need not be present to win.

Prior to the store’s official opening that day, a Halau Hula O Napualani performance of music and hula dances of the Hawaiian and Pacific Islands will start at 8:15 a.m. Then at 1 p.m. on Saturday, Aug. 17, Samantha Shapiro-Ferraro, founder of The Little Ferraro Kitchen blog and author of “The Weeknight Mediterranean Kitchen” cookbook, will give an in-store cooking demonstration.

Ferraro’s recipes have been featured in both the Los Angeles Times and Washington Post.