Thank you to over 600 member-owners, community members and organizations who helped us reach our goal!
The Oshkosh Food Co-op needs capital to fund our store construction, hire staff, purchase equipment and inventory, and assist with marketing and other expenses related to opening up a Cooperative grocery store. We've been working with national cooperative grocer mentors and organizations to ensure our business plan and pro forma align with our vision and capital campaign plan.
It will take $2.5 million to capitalize the Co-op.
Here's how we're financing our store:
Our Member-Owner Loan program is the core of our capital campaign. It is a way for member-owners to invest in the Co-op, just as you would for any other start-up business. Member-owner loan programs like ours have served as a powerful tool for food co-ops across the country. We believe it is a win-win economic vehicle: The Co-op has capital from member-owners’ loans to use on construction and start-up costs, and member-owners have the opportunity to earn a return on their investment. Of course, these member-owners will also have the joy of being a ground floor investor in our store. Member-loan are only available to members who are residents of Wisconsin and 18 years of age or older.
If you are a member-owner potentially interested in participating in our Member Loan Program, please request a packet of information including our Private Offering Memorandum, which provides details about the investment as well as risks involved.
While we are providing the private offering of a member loan program, available only to members, we recognize that charitable contributions may be a better option for some members and many non-members are also interested in having a full service grocery store in downtown Oshkosh and want to support the project.
The Oshkosh Food Co-op welcomes charitable donations in any amount, to be made to the Oshkosh Area Community Foundation- Oshkosh Food Co-op Fund:
Our grants committee is working hard to apply for a variety of public and private grants. We hope these will add valuable interest free financing for us to open our store. Follow us on social media or sign up for our emails to hear about these exciting announcements.
Our effort to bring a full-service grocery store to Oshkosh's central city hinges on strong relationships with our development partners. We have secured a tenant incentive in our location lease that will help with start up costs of the store and expect that many vendors will offer similar support to help us open the doors to the Oshkosh Food Co-op