Construction continues to roll along and a lot of behind-the-scenes financial and administrative work is being done daily by your volunteer Board. Here are some highlights of these intensive efforts:
– Our developer, EcoDevelopers, is charging forward with construction to help us meet our goal of opening by the end of first quarter 2023.
-Our architect is finalizing the detailed drawings.
-We have ordered over $500,000 in refrigeration equipment for the store.
-We have signed an agreement with National Co-op Bank for a $950,000 Small Business Administration (SBA) loan. This loan is contingent on our raising adequate capital from members, however.
-We continue pursuing every avenue possible for grant funding.
-Membership outreach is dynamic and we are staffing tables at various community events continuing to provide information to our community-at-large. New members have joined at several of these events.
-And, we are ramping up for Phase III of the Capital Campaign to raise the final $300,000 needed to open our store!