Community investment is key! It supports the Co-op’s plans to relocate our existing store to a bigger, more accessible location at 612 Quincy St in Hancock. An expanded Co-op means more local jobs and an increased market for locally-grown and produced goods.
We're raising at least $1M of our $7M project budget through our community investment campaign and we need to raise that by June to be able to start construction in August.
Any Michigan resident, business, or organization can invest in our project (not just Owners) and earn a modest rate of return between 2-4%. The minimum investment is $2,000, but we will need some people to invest $5,000, $15,000 or $25,000 or more to reach our goal. Might you be one of those Owners? Request an Offering Memorandum now! Request an Offering Memorandum
Benefits of investing in our Co-op:
- Funds are used to move to our larger, more convenient location in downtown Hancock.
- Capital from owners and the community reduces dependence on outside lenders.
- Investors receive dividends ranging from 2-4%.
- Investments demonstrate tangible support for our cooperative model of business and the vision of our community.
Investment
|
Dividend
|
$50,000 or more
|
4.0%
|
$20,000 - $49,999
|
3.5%
|
$10,000 to $19,999
|
3.0%
|
$5,000 to $9,999
|
2.5%
|
$2,000 to $4,999
|
2.0%
|
- Dividends are declared annually at the Board’s discretion and certificates become eligible for redemption 8 years after the store opening date.
- The State of Michigan requires that investors be accredited to invest more than $10,000.
- This program is available only to Michigan residents and entities.
- All potential investors must read Keweenaw Co-op’s Offering Memorandum for a complete description of the program, expansion plan, and the risks in making an investment.
- The information provided here does not constitute an offer to sell or a solicitation of an offer to purchase securities and any such offer or solicitation can only be made by an Offering Memorandum.
For more information about investing, please email invest@keweenaw.coop or call (906) 482-2030 and ask for Cynthia Hodges or Curt Webb.