Thank you for your interest in Community Food Co-op Investment Shares. We are looking for Co-op member-owners who are ready to invest from $500 to $200,000 locally in their co-op.
Our goal is to raise $3 million in shares by December 31, 2018.
With your support we can reach that goal.
WHY INVEST IN THE CO-OP?
Cooperative Principle No. 3 is Member Economic Participation, and one of the unique characteristics of a co-op is the ability to raise capital from its member-owners. Just as the Co-op invests in the local economy, our member-owners can invest in us!
An overwhelming 97% of Co-op member-owners who voted in the March 2018 Board Election approved a proposal to change the Co-op’s Articles of Incorporation and Bylaws, thereby making this investment opportunity possible.
HOW WILL THE MONEY BE USED?
The Co-op plans to use to proceeds of the investment shares to pay down debt associated with the purchase and remodel of the Holly Street building. In practical terms, this makes it possible to pay investment share dividends to Co-op member-owner investors, rather than paying interest to an institutional lender (i.e., a credit union or bank).
Paying off debt on the Co-op’s most valuable asset, the Holly Street building, strengthens the Co-op’s financial position.
WHAT RETURN COULD I GET ON MY INVESTMENT?
There are three classes of investment shares. Dividends will be paid annually, when declared by the Co-op Board of Directors.
HOW TO INVEST
If you are interested in investing, request an Investment Shares packet via email at firstname.lastname@example.org. Packets are also available at the service desk. The packet includes all the information you need to make your investment, including a Disclosure Statement and Share Purchase Agreement documents.
Thanks for considering investing in your co-op!
Jon Edholm, Co-op Finance Manager and Jim Ashby, Co-op General Manager