Capital Campaign

Our “The Time Is Ripe” Capital Campaign is underway. It’s your opportunity to fund the development of the store that’s being built by you and your neighbors to serve the needs of you, your families, and your community.
What does it all mean? Over the next several weeks, the Co-op will be raising $875,000 through loans from member-owners and the sale of Preferred Shares. It’s a lot of money. With that money, we’ll be proving our viability and base of support to other lenders, and ultimately using it to build walls, buy fixtures and equipment, and eventually pay staff to open up our store. Here’s how it works….
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We’ll be calling all member-owners to follow up personally on the Capital Campaign Packet. We’ll answer your questions and sit down with you to discuss your options.

To keep you informed about our progress during the Capital Campaign, we’ll be sending regular email updates to our member-owners. Once the Capital Campaign is finished, we’ll resume our regularly scheduled email news, full of brand new store excitement.

This year as we prepare to open our Co-op, dozens of people will be helping to make it happen. Many will work on our building. Volunteers will continue to visit events. The Board of Directors and our Co-op consultants will be steering us toward success. Each of those people will be lending their expertise and putting a personal touch on the store. By taking this opportunity to contribute to your Co-op, your hard work, expertise and personal touch will be making it all possible.

There is a lot to think about, we know. If you have questions, would like more information, or to begin arranging your investment now, please call Sheila Conboy (716-912-0672), Mike Benzin (716-316-1090) or send an email to campaign@eastaurorafood.coop. Thank you!

Offering by Prospectus only to bona fide residents of New York State. NY # I14-6754.

 

 

 

Co-op Myths Debunked

Posted by on Oct 23, 2014 in Capital Campaign, Uncategorized | 0 comments

Co-op Myths Debunked

Myth: Only member-owners can shop at the Co-op. Truth: The Co-op will be open to everyone for shopping, just like Tops, Wegmans, or Dash’s. Myth: Membership has a yearly fee. Truth: There is only a one time member-owner fee. Once you own it, you own it. Myth: Co-op member-owner shares are $500. Truth: Co-op ownership is a $200, one time investment. That’s it. Owners will be eligible to receive special sales, and patronage dividends once the Co-op is profitable. Myth: The East Aurora Co-op start-up process is different, and more...

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It All Adds Up

Posted by on Oct 17, 2014 in Capital Campaign, Uncategorized | 0 comments

It All Adds Up

By Mike Benzin, East Aurora Cooperative Market Board Member and Treasurer I received an offer in the mail today. A major financial institution wanted me to open a savings account with them. Their hook? That their 0.80% interest rate was many times higher than the national average. They seemed quite proud of what they would do for me. Really. Bragging about an interest rate of less than 1%! Okay, so my money would be insured. But that’s it. Never mind that, with an annual inflation rate of about 1.5%, I’d actually lose money. And never mind...

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See you tomorrow!

Posted by on Oct 13, 2014 in Capital Campaign | 0 comments

See you tomorrow!

Just a friendly reminder…October is National Co-op Month and we’re celebrating tomorrow at Craft Tap House (701 Main Street) with a Happy Hour from 6-8 pm. Curious about the Co-op? Come tomorrow and we’ll fill you in. If you join tomorrow, you will be eligible to win a yoga gift certificate for Healing Waters! Already a member-owner and have a friend who is interesting in becoming a member-owner, too? Come tomorrow, bring your friend, and get a special drink on us! Already a member-owner and want to hear how the Capital...

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We Are The EA Co-op and We Approve This Message

Posted by on Oct 11, 2014 in Capital Campaign | 0 comments

We Are The EA Co-op and We Approve This Message

With Election Day fast approaching, our airwaves and mailboxes are overloaded with political campaign messages. Mailers, radio spots, campaign stop coverage,  and TV spots – which are by far the worst. Charges of political corruption, misuse of tax dollars, questionable dealings, and ineffective leadership all illustrated through grainy, unflattering pictures and narrated by voiceover actors who have mastered the not-so-subtle art of infusing every syllable with disgust and innuendo. Is it any wonder we find ourselves wishing there was...

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Join us for LAST CALL…

Posted by on Sep 30, 2014 in Capital Campaign, Events | 0 comments

Join us for LAST CALL…

…and come together to help make the East Aurora Co-op Capital Campaign a success!   Come to our happy hour to socialize, share in the excitement, become a member-owner, and learn more about the East Aurora Co-op Capital Campaign. Member-owners who bring a guest interested in joining will get a special drink on us, and anyone who becomes a member-owner that evening will be eligible to win a $45 gift certificate for yoga classes at healing Waters. Light hors d’oeuvres provided, cash bar. Craft Tap House Tuesday, October 14, 6...

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An Update From Our Project Manager

Posted by on Sep 27, 2014 in Capital Campaign, General Updates | 0 comments

An Update From Our Project Manager

Dear Cooperators, We are taking a short break from our regularly scheduled capital campaign appeals to give you an update on all fronts. Though it may seem as though the campaign is the only activity that has been going on during the last several weeks, that could not be farther from the truth. We have also been hard at work behind the scenes on several other components of the project. By now you know that part of our capitalization comes from our members. What you may not know is that all along the way, we have been proactively seeking other...

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A Beautiful Day in the Neighborhood

Posted by on Sep 16, 2014 in Capital Campaign | 0 comments

A Beautiful Day in the Neighborhood

Driving through East Aurora and the surrounding communities, it’s great to see all the Co-op lawn signs popping up, signaling growing support and increasing membership numbers. We’re now more than 930 member-owners strong! It’s also interesting to see that there are some streets and neighborhoods where lawn signs seem to be in every yard. We’re talking to you, Hamlin Avenue. And you, too, Sycamore Street and South Grove. Thank you! It’s like there’s a great microclimate on these streets that supports...

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We’re At That Point

Posted by on Sep 11, 2014 in Capital Campaign | 0 comments

We’re At That Point

We’re all familiar with the turning point in a fundraising effort when the primary goal is within reach and a secondary goal emerges. That secondary goal? Making it stop. With great deference and all due respect to our fellow campaigners in the public radio and television world, we know that bringing the original goal of raising funds for a worthy cause together with the promise of ending the repetitive messages and calls to action…well, that’s a powerful combination with a magic all its own. We are humbled by the growth of...

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Peaks and Plateaus

Posted by on Sep 7, 2014 in Capital Campaign | 0 comments

Peaks and Plateaus

Raising $875,000 to capitalize the Co-op is a steep climb, we know. Together we have pulled together and raised $577,500. That’s an incredible achievement and we thank everyone who has invested in bringing a full-service member-owned cooperative market to Main Street in East Aurora. Along the way, many of us have reached back to give a hand to others who are new to the journey and brought our membership numbers to 930 in the process. There is incredible strength in that number. But our ascent has been slow for a week or so. This is a...

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Picture, If You Will…

Posted by on Sep 2, 2014 in Capital Campaign | 0 comments

Picture, If You Will…

The first step in building something from nothing is being able to visualize it. For the more than 920 member-owners of the East Aurora Co-op (let’s pause for a moment and celebrate that number…!), visualizing the Co-op became easier in late May when we announced our location at the Red Brick Plaza on Main Street. As member-owners, we have a common vision of what the Co-op will be. It will be a place with fresh, healthy food that supports local farmers and producers and strengthens the local economy. It will also be a community hub, where...

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