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Opportunity to Invest in Your Co-op NOW

March 18, 2017

The Hub City Co-op Board of Directors recently announced a re-capitalization campaign for $100,000.  The campaign is planned to raise the funds from the nearly 1800 members of the Hub City Co-op ownership in the next six weeks.

 

Since the campaign was announced over $30,000 has been committed from Hub City Co-op Owners! With your help, the goal can be reached quickly.

 

Hub City Co-op member-owners, many of whom have joined since the last capital campaign closed, now have the opportunity to invest in the Co-op in the form of owner loans and the purchase of preferred stock.

 

The Board of Directors has identified that for Hub City Co-op to have long-term success, the $100,000 in capital is necessary by April 30, 2017.

 

It is common for Co-ops to acquire their funding through this type of investment campaign.   Cooperatives rely on a set of guiding principles; one of them is Economic Member Participation, which means that the Co-op looks first to its owners, or members, for its financing.  The funds generated from the ownership are considered owner equity by banks and other lenders, which will assist the Co-op in maintaining a strong financial position.

 

In the words of Board President Tim Meade, “We are incredibly proud of the Cooperative grocery our community has built together.  It is clear that the Co-op is creating an amazing social return on investment you can readily see every day at Hub City Co-op and also in the many relationships the store has built with the downtown community, area farmers, numerous local producers, and the greater Upstate population.  We are confident that the Hub City Co-op Member-Owners will generate the funds necessary to guarantee the Co-op's success in the long term."

 

If you are interested in learning more about investment please contact Hub City Co-op Board Treasurer Sheila Cash at 864.809.2738 or sheilalindercash@gmail.com. You may also inquire with any Hub City Co-op staff member at the store at 176 N. Liberty Street.

 

In addition, three information sessions on investing have been scheduled. If you would like to learn more, please make plans to come to the Co-op at one of the following times:

Thursday 3/30 at 8:30 AM 

Thursday 4/6 at 12:00 noon  

Thursday 4/13 at 5:30 PM

 

Please note: Investment opportunities are available only to SC state residents.

 

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Hi Chuck! There is no annual fee. Info on the benefits of ownership can be found here: http://hubcity.coop/owners-only

Is there an anual membership fee and if so how much and what are the advantages of membership ?

Can anyone advise me ?



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