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Frank A. Douglass Insurance Agency

Keweenaw Co-Op Raising Funds for Relocation with a Capital Investment Campaign

Keweenaw Co-Op’s capital campaign is under way. And the community oriented grocer has already found many new members investing into their plans, and current members reaffirming their commitment to the store. As a part of their move downtown, the Co-Op needs to raise 1,000,000.

If we can hit the minimum of 600,000 dollars, we have a short term loan lined up, that we could bridge that funding. So if we can hit that 600,000, then we can actually close on the rest of our financing. – Curt Webb, General Manager

If all goes well, and the Co-Op can raise enough funds within a month, construction at the site would likely start late this summer. Anyone can invest in the Co-Op’s future, with a non voting investment certificate. A minimum investment is needed. Keweenaw Co-Op does plan to leverage other forms of funding in both loans and grants, if they cannot reach their goal for the campaign.

With nearly 50 years of operation in the Keweenaw, the Co-Op has been a staple of the community for many years. For anyone interested in learning more about the Keweenaw Co-Op’s move downtown,or their capital investment campaign, visit Keweenaw.coop online or email questions to invest@keweenaw.coop.

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