The Oneota Community Food Co-op in Decorah has launched a Capital Campaign to raise $520,000 to help pay for upcoming renovations.
The money will be raised through April 19th from loans from member/owners. The loans are not considered donations because they will generate financial gain for the member/owners who choose to invest. The return on investment is higher than many financial institutions, though investments are not backed by the FDIC.
"We believe that the Co-op must stay updated to thrive. Rather than sending investment dollars to some giant investment fund, this is a unique opportunity to invest locally to refresh our store and make it more energy efficient," say Co-op member/owners Lyle and Sue Luzum.
The minimum investment amount is $1,000. There is no maximum investment amount. Investments are available on a first-come, first-served basis through April 19th. The campaign is open to all active member/owners of the Oneota Community Food Co-op who are Iowa residents and are in-good-standing. Businesses who have a current membership with the Co-op can also invest in the member loan campaign and should contact the Co-op for more details.
For more information about the campaign or the renovations and improvements, please contact General Manager David Lester at firstname.lastname@example.org or 563-382-4666.