After an energized week leading up to June 30th we ended our fiscal year with over $2 million in owner investments. Thank you to everyone who came in to invest in an effort help us reach our goal! Recognizing how far we’ve come in a few short months and just how close we are to our goal of $2.5 million, we have decided to extend our capital campaign. Officially the campaign has been...
There's Still Time to Invest!
Seward Co-op is growing, and we need YOU to join these exciting Expansion Projects in order to make them a reality. How? Invest in your co-op!
There are three basic ways for owners and shoppers to invest in Seward Co-op expansion projects.
- Make a loan to the co-op.
- Purchase class C stock.
- Purchase artist Tammy Ortegon's Grow Together T-shirt designed especially for the co-op. All proceeds from Grow Together shirt go toward Seward Co-op's expansion projects
If you are ready to talk about one of the first two options, call our chief capital campaign coordinator Jill Livingston at 612-314-2012. Livingston can present Seward's research on our options, projections, offerings and the potential benefits and risks related to them so you can make a good decision.
Option #3, the t-shirt, is a crucial component of the campaign, too. Please buy a shirt the next time you're in the store -- if all co-op owners purchased a Grow Together shirt, we'd be on the brink our completing our goal already.
What will the $2.5 million in investments be used for?
Your investment will help make possible a new store at 38th Street and 3rd Avenue, and an administration and food production facility in the Franklin Cooperative Creamery building on the corner of Franklin and 26th avenues. With your help, these expansions will contribute to the economic well being of our city and create healthful options for our customers and the community.
Below is our Investment blog, maintained by Owner Capitalization Coordinator Jill Livingston. Follow our progress as Seward Co-op expansion projects gather momentum!
Capital Campaign Extended!
We are more than a week into June and, with more than $1.5 million in owner investments, we now have less than $1 million remaining to raise. We have been aiming toward June 30 — the end of our fiscal year — as our goal date for attaining the $2.5 million in owner capital needed to complete our expansion projects. While we could continue to raise capital throughout the summer, we...
Ten weeks into the capital campaign and we’ve passed the halfway mark with $1,362,750 in owner investments, which represents 52 percent of our goal. Thank you once again to our owners for your support!
At Seward Co-op we have 11,908 (and counting) owners. With $1,137,250 left to raise, if 2,275 owners (roughly 20 percent of our ownership) purchased a single share we would reach...
With the investments tallied from the first week of May, we officially surpassed one million dollars with $1,116,420 in owner investments. This number is the result of 114 investors and includes a healthy mix of Class C stock purchases and owner loans. With the introduction of the “Grow Together” t-shirt, investments...
Just six weeks into our capital campaign, Seward Co-op owners have invested $788,500 -- 31 percent of our $2.5 million goal. With roughly ten weeks left in the offering, we are well on our way to securing the investments needed to build the ...
We have had a promising start to the campaign. At the end of February Seward Co-op was awarded a New Markets Tax Credit (NMTC) allocation of $8 million by the Midwest Minnesota Capital Development Corporation. The NMTC will result in substantial debt forgiveness and along with owner capital makes this project more attractive for bank financing.
We have also begun to receive owner...
The co-op’s launch party for the 2014 capital campaign was a lively and successful event. Around 200 co-op owners and community members visited the Franklin Cooperative Creamery building at 2601 E. Franklin Ave. to tour the space and learn about investment opportunities in the co-op. Direct investments from owners will help make possible a new store at 38th Street and 3rd Avenue, and a...