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.

 

 

 

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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Knowledge is Power

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

Knowledge is Power

The process of opening a cooperative market is complex because it involves more than simply opening a store. It involves building a community of like-minded individuals who are committed to a common goal. It involves a process of visualizing that common goal, mobilizing a team of energized volunteers and dedicated member-owners, and capitalizing the project through a successful Capital Campaign before finally realizing the goal: a member-owned cooperative market. It is a start-up model that every cooperative market, including the successful...

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Summer Wish List

Posted by on Aug 27, 2014 in Capital Campaign | 0 comments

Summer Wish List

As the Labor Day weekend approaches, we all have an opportunity to think about whether or not we were able to get to everything on our summer wish list. Did we get to the beach? Go on a great vacation? Visit with friends and family? Spend time in the garden? Bike a new trail? Don’t worry, there’s still time to get everything in. Was becoming an East Aurora Co-op investor on that summer wish list? Do you think about it when you pass all those lawn signs, but other things keep getting in the way? There’s still time to get that...

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Who doesn’t love a good challenge?

Posted by on Aug 25, 2014 in Capital Campaign | 0 comments

Who doesn’t love a good challenge?

The most successful phase of the Capital Campaign so far involved matching investment challenges. Remember back at the end of July when two generous supporters issued challenges? One member-owner who had already invested $10,000 pledged to invest a second $10,000 if someone else stepped up and invested at the same level. Our member-owners came through and made that happen. Another supporter said that if we were able to hit the $300,000 mark by August 1, they would invest an additional $50,000. That happened. We’ve seen our member-owners rise...

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Read All About It!

Posted by on Aug 21, 2014 in Capital Campaign, Uncategorized | 0 comments

Read All About It!

Thanks for helping us get the word out, East Aurora Advertiser! Check out our story here.

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$541,500 and Counting…On You

Posted by on Aug 20, 2014 in Capital Campaign | 0 comments

$541,500 and Counting…On You

Starting a Co-op is, by definition, a cooperative effort. This project is a reflection of the commitment of hundreds of like-minded people - our 902 valued member-owners, our dedicated board of directors, our tireless project manager, and our enthusiastic group of volunteers – coming together to build something special. We’ve come a very long way together in our effort to make the Co-op a reality. But we still have a ways to go. An investment in the Capital Campaign is an investment in every single person who has stepped up to be...

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Full Steam Ahead!

Posted by on Aug 19, 2014 in Capital Campaign | 0 comments

Full Steam Ahead!

Since our original capital campaign deadline passed, we’ve been meeting, discussing, and planning for a way to continue efforts to make your Co-op a reality. As of last night, we’ve received confirmation that we will be able to extend the campaign for a short period to raise our remaining capital. It’s exciting news! But it won’t last indefinitely. Our project timeline includes lease considerations, construction milestones, and scheduling realities that we will begin to confront very shortly. Those are immovable...

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