Expansion Updates from the Board

In the last four months, although our Board of Directors of the Monadnock Food Co-op have yet to make final decisions on the proposed expansion project, we have been diligent in our preparations for those decisions.

Our Management Team has been hard at work, exploring a variety of sources of capital for the construction and set up of our expanded store as well as carefully considering interior design elements with our customers and staff in mind. When all the financing options are lined up, we will be ready to proceed on a number of fronts.

Our Board invested a full day in a training in March to examine several aspects of the project including the budget for sources and funding and how the money will be spent and preparing ourselves to conduct a member loan campaign.

In early June, we had a Member Loan Campaign Training with Ben Sandel from CDS Consulting. He shared best practices relating to running successful campaigns and helped us gauge our readiness to launch our Member Loan Drive in late Summer.

The Member Loan Campaign is planned to raise a significant portion of the cost of the new building and we are eager to get started to enable our Co-op Members to invest with us in the expansion of our store.

To be successful in this expansion project, it is important that all the stakeholders in our Co-op are aligned with common ends in mind. All along those goals have included expanded product options, lower prices through higher volume, greater opportunities for local producers. We have examined the ways in which the Board stays in touch with the membership like through the newsletter, the customer survey, our open Board meetings and Community events.

Have questions?  You can contact the Board by email at board@monadnockfood.coop.

 

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