CIC Status Update November 2021

If you missed the Sunday, November 21, 2021 all owner's Update Meeting for the Community Investment Campaign (CIC) - what follows is a summary of the online event. (Full meeting video is linked below.)


Doug Close (board treasurer and CIC Coordinator) led the discussion with additional commentary from Scott Brix (vice-president and CIC Communications Director) and Rusty Foszcz (board president). Doug summarized the CIC campaign to date and reminded new owners on the call about the logistics of the campaign:

  1. The timeline for opening the store (GROW, FUND, BUILD)
  2. Another milestone hit: 1300 owners and growing!
  3. Thank you to the callers and entire CIC team
  4. Incredible communications throughout the campaign using every kind of contact
  5. Successful investment MATCH opportunities
  6. Types of CIC investments (preferred shares, loans, and donations)

BIG NEWS!!!

To date the CIC has raised over $1,200,000 in owner loans, preferred shares, and donation investments leaving only 13% (or $550,000)! Doug announced that a cooperative loan was available for $200,000 and another MATCHING INVESTMENT opportunity for $175,000  was on the table - effectively leaving the CIC campaign with an outstanding "gap" of $175,000 (see the new A-MAIZE-O-METER on the home page). The Food Shed board is pursuing all avenues of additional funding to reach that goal by November 30th. Meetings have been (or will be) scheduled with business neighbors Woodstock Sterile Solutions, Other World Computing (OWC), Northwestern Hospital, Wells Fargo Advisors, Medcor, Inc., and Sage Products. All owners are encouraged to contact [email protected] if you know of a business or organization that might be interested in working with the Food Shed Co-op to strengthen our community and invest in our future! The CIC team WELCOMES owner input, comments, and suggestions - this is YOUR store! 

Click to see the FULL MEETING VIDEO after completing your owner login. (Oh, and BTW - your heads not on crooked - no idea why the video is a little skewed!)