UPDATE to Members
Thanks to your member-owner’s support, we celebrated some exciting news at our December 14th New Leaf Market Co-op Annual Meeting:
1. New Leaf Market Co-op has entered into a Purchase Agreement to acquire the commercial building at 320 Wisconsin St. in De Pere as our future home.
2. The City of De Pere received a $250,000 WEDC Community Investment Grant for the development of New Leaf Market Co-op.
Next steps are wrapping up financing and store design and hiring a General Manager. Your co-op has made great strides in financing with the WEDC grant, 870 member-owners, and $520,000 in member loans and preferred shares. Also, New Leaf has met key criteria for a USDA loan guarantee which supports its applications to external lenders--a bank and community development financial institution. While we wrap up the needed external loans, raising the final portion of member equity is entirely in the hands of current and future New Leaf Market Co-op member-owners, that means all of us working together. Let's get it done!
Together co-op member-owners, volunteers and fundraisers are the driving force behind New Leaf Market Co-op. Its success depends upon us. Encourage your friends, family, and neighbors to join New Leaf Market Co-op; and Contact Us about volunteering and purchasing preferred shares.