The Lexington Co-op is looking to raise $2 million from its member-owners by June 15, so that the market may open its Hertel location in 2016. The Big Directional Capital Campaign is prompting owners to invest through a Preferred Shares Program. The total project cost is $5.5 million, with a Preferred Shares goal of $2 million. The minimum investment is $2000, with a maximum investment of $100,000.
This is a great opportunity for North Buffalo homeowners to take a stake in the Hertel market, thus helping to ensure the success of the market in years to come. It’s also a solid bet for anyone looking to place their money with a proven entity that is helping to grow our city. It’s also a better way for The Co-op to finance the new Hertel location, instead of going down the traditional bank borrowing route.
Stakeholders get paid via dividends each year. To learn more about the benefits, and the process, check out the informative video below. It’s a fascinating tale of the history of The Co-op, from its simple origins to an explosive growth model (financed by the owners). The impact that The Co-op has on Buffalo is incredible. It’s only going to get better with this new North Buffalo market. Invest in Buffalo. Invest in The Lexington Co-op.